https://www.taxtmi.com/article/detailed?id=11557 The article addresses whether alcoholic beverages, presently a state subject taxed via excise, VAT and other levies, should be brought within GST. It explains that state control creates divergent regimes, high input and compliance costs, tax cascading, and 36 distinct markets. The piece argues that integrating alcohol into GST-subject to a politically acceptable formula by the Union, States and the GST Council-could standardise taxation, reduce cascading, enable input tax credits for producers, improve market efficiency and potentially increase net revenue while requiring trade-offs with state fiscal autonomy. en-us Fri, 30 Jun 2023 09:44:53 +0530 Fri, 30 Jun 2023 09:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11557 The article addresses whether alcoholic beverages, presently a state subject taxed via excise, VAT and other levies, should be brought within GST. It explains that state control creates divergent regimes, high input and compliance costs, tax cascading, and 36 distinct markets. The piece argues that integrating alcohol into GST-subject to a politically acceptable formula by the Union, States and the GST Council-could standardise taxation, reduce cascading, enable input tax credits for producers, improve market efficiency and potentially increase net revenue while requiring trade-offs with state fiscal autonomy. Articles Goods and Services Tax - GST Fri, 30 Jun 2023 09:44:53 +0530 https://www.taxtmi.com/article/detailed?id=11557