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 )
(24583 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.
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