Tuesday, 23 May 2017

Industrial alcohol to be taxed at 18% under GST regime

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The Indian Government has said that potable rpt potable alcohol has been kept out of the Goods and Services tax (GST) regime but industrial alcohol, including ethanol, will be taxed at 18 per cent once the new regime rolls out from scheduled July 1. The Government has kept potable alcohol or alcohol for human consumption along crude oil, natural gas, aviation fuel, diesel and petrol out of the ambit of GST with states retaining the right to impose taxes on it.

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