https://www.taxtmi.com/highlights?id=71437 Reversal of ITC - the sale of alcoholic liquor for human consumption is a non-taxable supply under Section 2(78) of the GST Act, 2017 and subsequently is an exempt supply under Section 2(47) ibid. - the appellant is required to reverse input tax credit (ITC) in terms of sub-section (2) of section 17 ibid read with Rule 42 of the GST Rules, 2017 for sale of alcoholic liquor for human consumption. - AAAR en-us Fri, 11 Aug 2023 16:52:05 +0530 Fri, 11 Aug 2023 16:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71437 Reversal of ITC - the sale of alcoholic liquor for human consumption is a non-taxable supply under Section 2(78) of the GST Act, 2017 and subsequently is an exempt supply under Section 2(47) ibid. - the appellant is required to reverse input tax credit (ITC) in terms of sub-section (2) of section 17 ibid read with Rule 42 of the GST Rules, 2017 for sale of alcoholic liquor for human consumption. - AAAR Highlights GST Fri, 11 Aug 2023 16:52:05 +0530 https://www.taxtmi.com/highlights?id=71437