GST Council Meeting: Good News For Liquor Industry! Govt Exempts Extra Neutral Alcohol From GST

The GST Council approves to exempt the extra neutral alcohol (ENA) (both grain-based and molasses-based ENA) from GST when supplied for the manufacture of alcoholic liquors.

Written by: Analiza Pathak Edited by: Analiza Pathak

Updated: October 7, 2023, 12:56 PM IST

https://www.india.com/business/gst-council-approves-to-exempt-ena-used-to-manufacture-alcoholic-liquors-from-gst-exempting-distilled-alcohol-used-to-manufacture-liquor-6388743/

GST Council Meeting: Good News For Liquor Industry! Govt Exempts Extra Neutral Alcohol From GST

New Delhi: The GST Council chaired by Finance Minister Nirmala Sitharaman on Saturday approved to exempt the extra neutral alcohol (ENA) (both grain-based and molasses-based ENA) from GST when supplied for the manufacture of alcoholic liquors.

The council also agreed that the states will exempt ENA (both grain-based and molasses-based) from VAT when supplied for industrial purposes, according to sources at CNBC-TV18.

Read more: New GST Rates: FM Sitharaman announces key changes, 0 percent GST on..., check major announcements here

In the previous meeting on August 2, the council had approved amendments to the Goods and Services Tax (GST) laws to provide clarity on the taxation of casinos, horse racing and online gaming.

More details awaited…

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GST Council Meeting: Good News For Liquor Industry! Govt Exempts Extra Neutral Alcohol From GST

The GST Council approves to exempt the extra neutral alcohol (ENA) (both grain-based and molasses-based ENA) from GST when supplied for the manufacture of alcoholic liquors.

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GST Council Meeting: Good News For Liquor Industry! Govt Exempts Extra Neutral Alcohol From GST

The GST Council approves to exempt the extra neutral alcohol (ENA) (both grain-based and molasses-based ENA) from GST when supplied for the manufacture of alcoholic liquors.

Share Article

Related News

New GST Rates: FM Sitharaman announces key changes, 0 percent GST on..., check major announcements here

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Analiza Pathak