Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. The GST Council has classified goods and services under different tax slabs, and Non-Alcoholic Beverages are one such category. In this article, we will discuss the levy of GST on Non-Alcoholic Beverages in detail.
Non-Alcoholic Beverages are drinks that do not contain any alcohol. These beverages are consumed for their taste, thirst quenching, and nutritional benefits. Some of the examples of Non-Alcoholic Beverages are:
The GST on Non-Alcoholic Beverages is levied at different rates based on various factors such as the type of drink, packaging, and its ingredients. The GST rates for Non-Alcoholic Beverages are classified into four categories:
Let's discuss each category in detail.
Non-Alcoholic Beverages that are exempted from GST are:
Non-Alcoholic Beverages that attract a nil GST rate are:
Non-Alcoholic Beverages that attract a 5% GST rate are:
Non-Alcoholic Beverages that attract a 12% GST rate are:
The levying of GST on Non-Alcoholic Beverages is an essential component of the taxation system in India. The GST Council ensures that the tax rates are reasonable and in line with the objective of promoting non-alcoholic beverages' consumption. Small and Medium Business owners and Startup founders dealing with Non-Alcoholic Beverages must be aware of the GST rates to comply with the taxation rules and regulations.
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