<p> The GST Council's decision to exempt ENA (potable alcohol) for human consumption from tax is a relief to the industry as it will bring stability, CIABC said on Saturday.</p>.<p>Confederation of Indian Alcoholic Beverage Companies (CIABC), the apex body for liquor firms, said the industry has been pleading with the council to bring finality to the matter.</p>.<p>'The GST Council's decision is a big relief to the industry, it will bring stability and settle nerves all over,' Vinod Giri, Director General at CIABC, said.</p>.GST Council decides to levy 18% GST on corporate guarantee for subsidiaries.<p>Chhattisgarh Deputy Chief Minister TS Singh Deo, who is a member of the GST Council, said extra neutral alcohol (ENA) for industrial use will continue to attract Goods and Services Tax (GST).</p>.<p>'ENA (potable alcohol) for human consumption will be exempt from GST and the same will be communicated to the Supreme Court,' Deo told reporters after the 52nd GST Council meeting.</p>.<p>ENA is a high-strength potable alcohol used as the primary ingredient for making alcoholic beverages after dilution with water.</p>.<p>'Ideally the industry would have liked all of the alcohol, including the finished product, to be under GST to bring parity in taxation across states.</p>.<p>'However, we know there are complexities involved in that but as long as alcoholic beverages are kept outside GST, putting ENA under GST and leaving the industry with a stranded cost would have made little sense, especially as companies do not have the freedom to pass on this tax in most states,' Giri said.</p>.<p>So far, in the absence of clarity from the GST Council, courts have taken conflicting positions on the matter, which has further compounded the uncertainties, he added.</p>.<p>He also hailed the GST Council's decision to reduce GST on molasses to 5 per cent, from 28 per cent. </p>
<p> The GST Council's decision to exempt ENA (potable alcohol) for human consumption from tax is a relief to the industry as it will bring stability, CIABC said on Saturday.</p>.<p>Confederation of Indian Alcoholic Beverage Companies (CIABC), the apex body for liquor firms, said the industry has been pleading with the council to bring finality to the matter.</p>.<p>'The GST Council's decision is a big relief to the industry, it will bring stability and settle nerves all over,' Vinod Giri, Director General at CIABC, said.</p>.GST Council decides to levy 18% GST on corporate guarantee for subsidiaries.<p>Chhattisgarh Deputy Chief Minister TS Singh Deo, who is a member of the GST Council, said extra neutral alcohol (ENA) for industrial use will continue to attract Goods and Services Tax (GST).</p>.<p>'ENA (potable alcohol) for human consumption will be exempt from GST and the same will be communicated to the Supreme Court,' Deo told reporters after the 52nd GST Council meeting.</p>.<p>ENA is a high-strength potable alcohol used as the primary ingredient for making alcoholic beverages after dilution with water.</p>.<p>'Ideally the industry would have liked all of the alcohol, including the finished product, to be under GST to bring parity in taxation across states.</p>.<p>'However, we know there are complexities involved in that but as long as alcoholic beverages are kept outside GST, putting ENA under GST and leaving the industry with a stranded cost would have made little sense, especially as companies do not have the freedom to pass on this tax in most states,' Giri said.</p>.<p>So far, in the absence of clarity from the GST Council, courts have taken conflicting positions on the matter, which has further compounded the uncertainties, he added.</p>.<p>He also hailed the GST Council's decision to reduce GST on molasses to 5 per cent, from 28 per cent. </p>