TAXATION ON Permit room restaurant
Shahrukh Khan (Tax Consultant) (24 Points)
14 April 2021
What Tax rate of VAT for Selling Alcohol in restaurants and what is the TAXATION?
4 Replies
Ankit Neema
(2742 Points)
Replied 18 April 2021
What's your State , because it vary from state to state
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 April 2021
Costing of Liquor
In spite of GST not being levied on liquor, the prices of liquor continue to rise after the rollout of Goods and Services Tax. This is because the inputs used to manufacture liquor were taxed at 12-15% under the VAT regime before GST.
In spite of GST not being levied on liquor, the prices of liquor continue to rise after the rollout of Goods and Services Tax. This is because the inputs used to manufacture liquor were taxed at 12-15% under the VAT regime before GST.
Recent Topics
- Retrospective effect of Section 12A.
- TDS on rent above Rs.5000 pm
- DONATION REG
- A builder or Developer has to receive completion c
- TDS paid 5% instead of 2%
- Whether deduction u/s 43B available post conversio
- B2B Invoice Ammendment
- Foreign bank charges
- Net worth certificate for Joint Owners
- Investment Strategy to avoid Capital Gain in case
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
