Karnani FNB Specialities LLP {AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL}
Karnani FNB Specialities LLP {AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL} :Date of Order : 09-02-2023simplified explanation of the rulings by the Authority for Advance Rulings (AAR) in West Bengal regarding Input Tax Credit (ITC) reversal related to the sale of alcoholic liquor for human consumption under GST:
Classification of Alcoholic Liquor for Human Consumption
Nature of Supply: Alcoholic liquor for human consumption is classified as goods under GST. However, its sale is considered a non-taxable supply because GST is not levied on...
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