What parameters are CFOs
focusing on to avoid GST scrutiny?
What parameters are CFOs focusing on to avoid GST scrutiny?
Book a demo to find out!
Index

No GST on Alcohol, but Beer Will Still Be Costlier

Updated on: Jun 29th, 2021

|

1 min read

In this article, we will discuss GST on alcohol briefly.

Latest Update as on 25th May, 2017

We know that alcohol is outside the purview of GST for now. It will require a constitutional amendment to bring liquor under the GST law. However, industry leaders expect that the prices of alcohol products (especially beer) might just go up in the coming days. Share prices of liquor companies have already fallen with the highest fall recorded of 6.4%

Experts believe that GST could have a negative impact on alcohol industry unless there is a well-defined mechanism of refund of taxes. As reported in Economic Times.

inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption