GST Council Meet: Tax Rate On Molasses Slashed To 5 Percent, Alcohol For Consumption Exempted

New Delhi: The GST rate on molasses has been slashed to 5 percent from the earlier 28 percent while alcohol for human consumption was exempted from levy during GST Council meeting in the national capital on Saturday.

Extra neutral alcohol (ENA) for industrial use will continue to be taxed under the Goods and Services Tax (GST) slab while potable alcohol for human consumption will be exempted from levy, Chhattisgarh Deputy Chief Minister T S Singh Deo told news agency PTI.

“ENA (potable alcohol) for human consumption will be exempt from GST and the same will be communicated to the Supreme Court,” Deo, who is a member of the GST Council, told reporters after the 52nd GST Council meeting.