What is the GST rate for wine in India?

Is GST applicable on wine?

28% GST RATE;

Beer, wine, rum, brandy, whisky, vinegar etc. fall under HSN code chapter 22 of GST commodity tariff schedule. The details about GST rate changes on sale of Beer, wine, rum, brandy, whisky, vinegar etc.

What is the rate of GST on alcohol in India?

Currently, alcohol for human consumption or potable alcohol is out of the ambit of GST and states are free to levy taxes on them. However, industrial alcohol is within the Goods and Services Tax (GST).

What is the tax on wine in India?

However, post-GST, they are taxed at 18%. Hence, even with no major changes in the VAT rates charged on beer or liquor, the cost of beer and liquor had increased due to the increase in input taxes.

Does alcohol have GST in India?

Currently, alcohol for human consumption or potable alcohol is out of the ambit of GST and states are free to levy taxes on them. However, industrial alcohol is within the Goods and Services Tax (GST).

Do you pay GST on alcohol?

In addition to these, the 10% Goods & Services Tax (GST) is applied to all retail alcohol sales (15). Under this system, different products – wine, spirits, beer, ciders and fortified wines – are taxed differently.

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Is tobacco exempted from GST?

Tobacco is taxed at the highest slab of GST at 28 percent, being ‘sin goods’ and further attracting levies of additional duties like NCCD. The imposition of additional compensation cess on tobacco products by virtue of the Compensation to States Act, 2017, is already in effect in the GST regime.

Which state has highest tax on liquor in India?

The northern state of Uttar Pradesh made the highest estimated revenue from excise duty on alcohol at about 315 billion Indian rupees across India in financial year 2020. Karnataka ranked second that year, followed by Maharashtra.

How much is the duty on wine?

Wine Duty and VAT

£2.23 per 75cl bottle of still wine.

Which country has highest tax on petrol?

India has the highest taxes on fuel in the world.

What is the tax on Whisky in India?

While the budget has reduced basic customs duty on liquor to 50% from 150%, it would be offset by the agricultural infrastructure cess of 100% imposed on tipple. The new cess is only applicable on hard spirits such as Scotch, whisky, rum and vodka, and not on foreign beer which at present attracts 110% tax.