https://www.taxtmi.com/article/detailed?id=7667 Exclusion of alcoholic liquor from GST preserves State taxation of liquor sales but brings most inputs and services used by the alcoholic beverages industry within GST, causing loss of input tax credit and cascading costs. This generates compliance and characterization issues where alcohol is bundled with GSTable supplies, and valuation problems for reused bottles; the margin scheme under rule 32(5) and related notifications offers a limited mechanism to value second hand bottles where no input tax credit was claimed. en-us Mon, 16 Oct 2017 09:06:41 +0530 Mon, 16 Oct 2017 09:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7667 Exclusion of alcoholic liquor from GST preserves State taxation of liquor sales but brings most inputs and services used by the alcoholic beverages industry within GST, causing loss of input tax credit and cascading costs. This generates compliance and characterization issues where alcohol is bundled with GSTable supplies, and valuation problems for reused bottles; the margin scheme under rule 32(5) and related notifications offers a limited mechanism to value second hand bottles where no input tax credit was claimed. Articles Goods and Services Tax - GST Mon, 16 Oct 2017 09:06:41 +0530 https://www.taxtmi.com/article/detailed?id=7667