The GST Council clarified that it cannot tax alcohol because it is a state matter: Chairman of Som Distilleries

GST Council

During the GST Council Meeting, it was decided that corporate guarantees offered by a company’s director would be exempt from Goods and Services Tax (GST). However, if a holding company gives a corporate guarantee, the parent company will levy GST at the rate of 18% on the full guaranteed amount.   On Saturday, the Goods … Read more