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Mar 17, 2018
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Enabling provision: Govt to get Rs 12,000 cr a year if ENA in GST
The imminent inclusion of extra neutral alcohol (ENA) used for liquor production within the ambit of the goods and services tax (GST) will give a considerable boost to government revenue, besides assimilating a largely cash-based (and corruption-prone) sector into the formal economy, analysts said. Officials reckon that an 18% tax on ENA for potable alcohol could yield a revenue of Rs 1,000 crore a month, shareable between the Centre and state governments.
Source -
http://www.financialexpress.com
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