GST Council approves exemption of extra neutral alcohol from Goods and Services Tax: Report

GST Council approves exemption of extra neutral alcohol from Goods and Services Tax: Report

GST Council approves exemption of extra neutral alcohol (ENA) from GST for manufacture of alcoholic liquors.

GST Council approves exemption of extra neutral alcohol from Goods and Services Tax: Report

The GST Council on 7 October approved exemption of extra neutral alcohol (ENA) from GST when supplied for the manufacture of alcoholic liquors, CNBC-TV18 has reported. As per the report, both grain-based and molasses-based ENA will be exempted from GST

The report further added that the council also agreed to exempt ENA from VAT when supplied for industrial purposes.

Sournce : livemint

Tags :
Automation, Blog, EPFO, ESIC, Eway-Einvoice, GST, Income Tax, MSME, Office, ROC, Tax Updates, TDS, TradeMark, Uncategorized