What Tax rate of VAT for Selling Alcohol in restaurants and what is the TAXATION?
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Quick Summary
This discussion explores the VAT rates applicable to selling alcohol in restaurants, particularly in the context of the UK. It touches upon how liquor costs have been impacted by tax changes, even with GST not directly applying to alcohol. The conversation also highlights that tax rates can vary significantly depending on the specific state or region, with Maharashtra mentioned as an example.
Costing of Liquor In spite of GST not being levied on liquor, the prices of liquor continue to rise after the rollout of Goods and Services Tax. This is because the inputs used to manufacture liquor were taxed at 12-15% under the VAT regime before GST.