Taxability of profit on sale of liquor by church
This query is : Resolved
20 January 2020
Church have purchased liquor for human consumption to serve this as a tirtham and sale it to its Branches for some profit then whether this profit is taxable as income and also GST implication on this sale of liquor and serving as a tirtham?
20 January 2020
Yes profit is taxable under income tax as liquor is sold for human consumption treated as business activities not related to church activities.
VAT applicable on such sale not GST.
VAT applicable on such sale not GST.
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