No GST on Alcohol, but Beer Will Still Be Costlier
Alcohol is currently outside the purview of GST. However, experts believe this might cause more trouble for the liquor industry in the coming days.
25 May, 2017We 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