Extra Neutral Alcohol

The GST Council meeting in Delhi on September 9 is likely to suggest a solution to the pending cases on Extra Neutral Alcohol, an important ingredient used for making spirits and alcoholic beverages. Prior to October 2023, there were discrepancies in how ENA was taxed — whether through VAT, GST, or no tax at all.

MC Exclusive: Council likely to exempt extra neutral alcohol from GST for interim period

The taxability of ENA, which is used in the manufacture of liquor as well as for industrial and commercial purposes, has been under deliberation since 2017.

Potential GST levy on Extra Neutral Alcohol to weigh on margins for the end market

According to market research company IMARC, ENA market in India has been growing at CAGR (2010-17) of 6% with the current production volume capacity at 3 billion litres (2017).

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USL buys additional 19.99% stake in Sovereign Distilleries

Liquor manufacturer United Spirits Ltd (USL) today said it has acquired additional 19.99% stake in Karnataka-based Sovereign Distilleries Ltd (SDL) for an undisclosed amount.

United Spirits buys 41.54% stake in Sovereign Distilleries

United Spirits Saturday said it has acquired a 41.54% stake in unlisted Sovereign Distilleries, to increase its distillation capacity.