https://www.taxtmi.com/article/detailed?id=11724 Sale of alcoholic liquor for human consumption qualifies as non-taxable supply and thus as exempt supply; input tax credit attributable to such exempt supplies must be reversed under the formula in Rule 42 read with section 17(2), and such reversal does not constitute discharge of any GST liability on the outward supply since input tax and output tax are distinct. en-us Sat, 12 Aug 2023 09:54:52 +0530 Sat, 12 Aug 2023 09:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11724 Sale of alcoholic liquor for human consumption qualifies as non-taxable supply and thus as exempt supply; input tax credit attributable to such exempt supplies must be reversed under the formula in Rule 42 read with section 17(2), and such reversal does not constitute discharge of any GST liability on the outward supply since input tax and output tax are distinct. Articles Goods and Services Tax - GST Sat, 12 Aug 2023 09:54:52 +0530 https://www.taxtmi.com/article/detailed?id=11724