Liquor Price: GST or VAT on Extra Neutral Alcohol? All You Need to Know

New Delhi : Liquor is one of the major sources of revenue for Indian government. In India, states are empowered to levy VAT on alcohol for human consumption which roughly makes liquor a quarter of their revenues. The revenue that liquor generates for states is the precise reason why alcohol for human consumption has been consciously reserved out of GST. However, it is only alcohol for human consum…