UBL to pay 18% GST on profit received from breweries, rules AAR

United Breweries (UBL), which makes beer under the Kingfisher brand, is liable to pay an 18% GST on ‘surplus profit’ received from beer manufacturing units contracted by it to make and sell alcohol beverage under its brand name, a ruling passed by Authority of Advanced Ruling (AAR) in Karnataka said. The order is likely to dent the profit of UBL as the tax would be inadmissible as input tax credit…