Integrated tax exemption: undenatured extra neutral alcohol and rectified spirit used to manufacture alcoholic liquor no longer attract integrated tax. An amendment to sub section (1) of section 5 of the Integrated Goods and Services Tax Act adds undenatured extra neutral alcohol and rectified spirit used ... Summary
Integrated tax exemption: undenatured extra neutral alcohol and rectified spirit used to manufacture alcoholic liquor no longer attract integrated tax.
An amendment to sub section (1) of section 5 of the Integrated Goods and Services Tax Act adds undenatured extra neutral alcohol and rectified spirit used for the manufacture of alcoholic liquor for human consumption, thereby excluding those inputs from the levy of integrated tax under the modified provision.
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