1. Alcoholic Liquor for human consumption is subject to
(a) CGST
(b) SGST
(c) IGST
(d) None of the above
Answers
Answered by
3
Answer:
Thus there is no GST on alcoholic liquor for human consumption but these goods would be subject to existing State levies. Ethyl alcohol and other spirits, denatured, of any strength is liable to GST at the rate of 18 percent.
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Alcoholic Liquor for human consumption is subject to (D) none of the above given options.
Role of alcohol in society:
- The consumption of alcohol has an very important social role in many cultures and relegion. Most of the countries have laws which regulates the production, sale, and consumption of alcoholic beverages to a certain point .
- Regulations may also require the labeling of the percentage alcohol content in the bottles (as ABV or proof) and proper use of a warning label.
- in many states, contribution done by alcohol is upto 20 to 25% of state revenue (state excise).However, the point to be noted that manufacture of liquor which is meant for human consumption is subject to state excise duties and not Central Excise Duty under the Central Excise Act, 1944.
Alcoholism and alcohol abuse may be more in line with your habits than you are inclined to think. If someone you love and care is drinking more than they should, they may be in denial at this point .so , Educate yourself on some of the misconceptions that are surrounding alcohol abuse
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