https://www.taxtmi.com/article/detailed?id=11948 The GST Council recommended excluding Extra Neutral Alcohol (ENA) used in manufacture of alcoholic liquor for human consumption from GST and reducing GST on molasses from 28% to 5%. ENA for industrial use will attract 18% GST and a separate tariff code for industrial rectified spirit has been created. The exclusion will transfer taxing competence over ENA for beverage manufacture back to states, potentially enabling state VATs and raising issues of legislative competence, classification, refunds and input tax credit implications. en-us Fri, 13 Oct 2023 10:22:20 +0530 Fri, 13 Oct 2023 10:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11948 The GST Council recommended excluding Extra Neutral Alcohol (ENA) used in manufacture of alcoholic liquor for human consumption from GST and reducing GST on molasses from 28% to 5%. ENA for industrial use will attract 18% GST and a separate tariff code for industrial rectified spirit has been created. The exclusion will transfer taxing competence over ENA for beverage manufacture back to states, potentially enabling state VATs and raising issues of legislative competence, classification, refunds and input tax credit implications. Articles Goods and Services Tax - GST Fri, 13 Oct 2023 10:22:20 +0530 https://www.taxtmi.com/article/detailed?id=11948