https://www.taxtmi.com/article/detailed?id=7466 Alcoholic beverages for human consumption remain outside GST and continue to attract State excise on production and VAT on sale, while most inputs and services used in production and distribution are subject to GST. Because the final product is excluded from GST, manufacturers cannot avail input tax credit on GST paid for inputs and services, causing tax cascading, higher production costs and pressure on margins or prices. Firms should consider integration and contractual reorganisation to mitigate cascading and retain margins internally. en-us Mon, 19 Jun 2017 06:57:55 +0530 Mon, 19 Jun 2017 06:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7466 Alcoholic beverages for human consumption remain outside GST and continue to attract State excise on production and VAT on sale, while most inputs and services used in production and distribution are subject to GST. Because the final product is excluded from GST, manufacturers cannot avail input tax credit on GST paid for inputs and services, causing tax cascading, higher production costs and pressure on margins or prices. Firms should consider integration and contractual reorganisation to mitigate cascading and retain margins internally. Articles Goods and Services Tax - GST Mon, 19 Jun 2017 06:57:55 +0530 https://www.taxtmi.com/article/detailed?id=7466