What is the GST on alcohol in India?

What is the GST on liquor in India?

Alcohol is currently outside the purview of GST.

What is the GST rate for wine in India?

HSN Code and GST Rate for Beverages, Spirits and Vinegar

HSN Code HSN Item Description GST Rate in Percentage
2204 22 20 Sherry and other white wines 18
2240 22 90 Other 18
2204 29 Other:
2204 29 10 Port and other red wines 18

Is GST charged on liquor?

Currently, alcohol for human consumption or potable alcohol is out of the ambit of GST and states are free to levy taxes on them. However, industrial alcohol is within the Goods and Services Tax (GST).

Do you pay GST on alcohol?

In addition to these, the 10% Goods & Services Tax (GST) is applied to all retail alcohol sales (15). Under this system, different products – wine, spirits, beer, ciders and fortified wines – are taxed differently.

Why is there no GST on alcohol?

Alcohol was not brought under the purview of GST regime primarily due to two reasons: To ensure that the State Governments continue to have a strong inflow of revenue (other than what they get from GST). It’s estimated that taxes on liquor and beer fetch the state governments nearly INR 90,000 crores annually.

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Is there GST on wine?

The amount of WET payable is 29% of the whole sale of wine whereas GST is 10% of your purchases and sales of goods. … Grape wine and grape wine products (Including sparkling and some fortified wine). • Fruit wines and vegetable wines.

Do we pay GST on fuel?

In addition all fuels are subject to 10% Goods and Services Tax (GST). The federal government increased the fuel excise tax with effect from 10 November 2014 by restoring CPI indexation to the tax every six months, on 1 February and 1 August.

Is drinking water GST-free?

A supply of water is GST-free.

Which state has highest tax on liquor in India?

The northern state of Uttar Pradesh made the highest estimated revenue from excise duty on alcohol at about 315 billion Indian rupees across India in financial year 2020. Karnataka ranked second that year, followed by Maharashtra.