India’s alcohol laws: Why brewers face a maze of rules and taxes
ANASUYA RAY WAS understandably confused during her induction at AB InBev India, the brewers of Budweiser beer. Coming from the FMCG sector, the ‘alcobev’ space was entirely new to her.
Tag: alcohol liquor
UBL says GST reforms to push alcohol demand, eyes 6-7% growth this FY
Leading beer maker United Breweries (UBL) expects a 6 to 7 per cent volume growth this fiscal despite the impact of rains in some of the key states during the second quarter, said its Chief Executive Officer and Managing Director Vivek Gupta.
Taxation of economic surplus — why liquor companies still getting GST demand notices despite clarification
While the CBU pays applicable service tax/ GST on the amount received from the BO as consideration for manufacturing liquor, the taxability of economic surplus has been a bone of contention between the department and taxpayers. Despite a clarification that such amount is not taxable being profit of the BO, the department has been disputing the non-levy of Service Tax on such amount from time to time.
Petroleum Products & Alcohol In GST Need Steady Revenues: CBIC Chief Vivek Johri
In an Exclusive Conversation with BTTV’s Managing Editor Siddharth Zarabi Vivek, Johri Chairman CBIC discusses the major sector currently outside the scope of GST includes petroleum products and alcohol. The revenue position from SGST (State Goods and Services Tax) has…
Alcoholic liquor not food or food product, job work related with manufacturing to attract 18% GST: Andhra HC
Alcoholic Liquor is not food’ or food product and job work related with manufacturing of such beverage will attract Goods & Services Tax (GST) at the rate of 18 per cent, Andhra Pradesh High Court has said. This rate will…