https://www.taxtmi.com/article/detailed?id=9338 Producers redeployed alcohol production to manufacture ethyl-alcohol-based hand sanitizers, which attract standard GST and permit input tax credit on inputs and input services, unlike alcoholic beverages for human consumption that remain outside the GST net. Misclassification of sanitizers under a lower tariff heading with a reduced GST rate has been identified as a source of substantial tax shortfall, prompting investigations by fiscal intelligence authorities and creating changed incentives and compliance risks for industry participants. en-us Fri, 10 Jul 2020 08:08:16 +0530 Fri, 10 Jul 2020 08:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9338 Producers redeployed alcohol production to manufacture ethyl-alcohol-based hand sanitizers, which attract standard GST and permit input tax credit on inputs and input services, unlike alcoholic beverages for human consumption that remain outside the GST net. Misclassification of sanitizers under a lower tariff heading with a reduced GST rate has been identified as a source of substantial tax shortfall, prompting investigations by fiscal intelligence authorities and creating changed incentives and compliance risks for industry participants. Articles Goods and Services Tax - GST Fri, 10 Jul 2020 08:08:16 +0530 https://www.taxtmi.com/article/detailed?id=9338