Alcohol out of GST for now, but beer will still get costlier

iquor has been kept outside the goods and services tax (GST) for now as it requires a constitutional amendment to bring it under the ambit of the new tax regime. However, there are expectations that the decision can impact the sector negatively. Share prices of liquor companies have already plunged up to 6 per cent in the past four sessions with IFB Agro Industries falling the most at 6.4 per cent…