GST EFFECTS ON LIQUOR: BEST GST SOFTWARE

Now here in this post we explain you to about GST effects on liquor business. Some key points regarding liquor business are listed below:

ALCOHOL/LIQUOR EXEMPTED FROM GST:  As for now there is no GST on liquor but it is estimated that may be price of beer will rise soon but liquor is exempted from GST.

• “We have to register ourselves with GST at each and every location we operate in. Our input materials at present attract excise duty, sales tax, VAT at between 12 per cent and 15 per cent, whereas under GST, this is likely to be at 18 per cent. So, there is a clear increase in tax on most of input materials by between 3 per cent and 6 per cent,” Ramamurthy said.

• This was also said that most of the time bottles used are second hand bottles means there be no tax as the bottles not comes from the manufacturers or factories,it comes from local as sales tax must be attracted that should be discussed in a meeting of GST council.

• “Today freight is subject to service tax at full 15 percent, what it is now. Tomorrow it will become 18 per cent. There is a big impact. We estimate that the impact on United Breweries could be anything between Rs 100-160 crore depending on how it pans out,” he said.

As a conclusion lets hope for the best but still there is no GST on liquor at present but in future the change will implemented on all of the liquor business.

शराब पर जीएसटी का प्रभाव: सर्वश्रेष्ठ जीएसटी सॉफ़्टवेयर

Some GST related software in the market available choose according to your business from here:

GST BILLING SOFTWARE                   GST RETAIL SOFTWARE


GST ACCOUNTING SOFTWARE        BEST GST SOFTWARE

GST INVENTORY SOFTWARE        GST TRANSPORT SOFTWARE