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Showing posts from June, 2017

Alcohol has been kept out of the purview of GST... read more about its impact...?

According to Mr. Dev Bhushan Kalra, Chartered Accountant, author of book    “Not Everything On G.S.T Just Definitions ”,   the  alcohol for human consumption has been kept out of the purview of Good Services Tax due to two major reasons. First, a constitutional amendment would be needed to be made for the same. Second, it is one of the most revenue generating activity in the States.  To understand the impact of GST on alcohol, we need to differentiate between the internal and the external factors that may drive the price of alcohol with the onset of GST. The internal factors are the supply chain and the existing laws that govern the manufacture and sale of alcohol. Since GST as on date has kept alcohol output out, hence the existing law provisions will apply. Thus no or little change would accrue as this is what is happening today (before GST). What is interesting is that the inputs for the same are now in the purview. This is what the external factors a...

Healing process starts once you take away the alcohol & bring people together: Suneel Vatsyayan,

Healing process starts once you take away the alcohol & bring people together: Suneel Vatsyayan , Founder NADA India Foundation # UdtaBihar  #NCDs @ncdalliance  #ncdalliance  Udta Bihar: Huge spike in substance abuse, alcohol bootlegging year after ban The India Today investigation discovered Bihar might just be going the Udta Punjab way, with alcohol prohibition opening new floodgates to addiction. http://indiatoday.intoday.in/story/india-today-exclusive-investigation-udta-bihar-black-marketing-alcohol-drugs-ban/1/968459.html