https://www.taxtmi.com/article/detailed?id=10428 Alcoholic beverages are excluded from GST, preventing recovery of input tax credit on inputs and services; the sector nonetheless contributes to GST collections indirectly through taxes on inputs while providing primary fiscal revenue to states via state excise duty. Post-COVID demand recovery has boosted volumes and excise receipts, but blocked credits increase effective tax costs, prompting recommendations for cost management by industry and industry-friendly excise and tax incentives by state governments. en-us Sat, 28 May 2022 09:39:27 +0530 Sat, 28 May 2022 09:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10428 Alcoholic beverages are excluded from GST, preventing recovery of input tax credit on inputs and services; the sector nonetheless contributes to GST collections indirectly through taxes on inputs while providing primary fiscal revenue to states via state excise duty. Post-COVID demand recovery has boosted volumes and excise receipts, but blocked credits increase effective tax costs, prompting recommendations for cost management by industry and industry-friendly excise and tax incentives by state governments. Articles Goods and Services Tax - GST Sat, 28 May 2022 09:39:27 +0530 https://www.taxtmi.com/article/detailed?id=10428