Vat on liquor


Practising CA

Hi All,

My query is w.r.t VAT on liquor...does sale of liquor in an event attract VAT? Basically it's a one or max to max 2 times sale in a year when the event takes place....Licence is taken to sell the liquor in the event. Any lead will be highly appreciated.

 

 
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KVO Merau Kutchh

Yes, it is liable to VAT, if the supply is above exemption limit.

 
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Practising CA

So value of supply will be considered only of Liquor or overall value of supply of Service plus Liquor?

 

 
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KVO Merau Kutchh

Here it will be all the taxable supply under VAT would be considered.

 
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Practising CA

Thank you very much.

 


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