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HomeState Excise UpdatesTN earned Rs 33,811 crore revenue from liquor sales

TN earned Rs 33,811 crore revenue from liquor sales

Chennai: The Tamil Nadu State Marketing Corporation Ltd (TASMAC), with its 5,402 liquor retail vending outlets, earned a sum of Rs 33,811.14 crore tax revenue for the state government last fiscal.Moving the demand for grants for his department in the Assembly, Electricity, Prohibition and Excise Minister V. Senthilbalaji said that TASMAC fetched a tax revenue of Rs 33,811.14 crore last fiscal, up from Rs.33,133.24 crore earned in FY20.

During the current fiscal, the TASMAC revenue, till July 31, stood at about Rs 7,907.61 crore.

To encourage cashless transactions, point of sale (POS) machines have been installed in all the retail outlets for payment of sales amount by electronic mode.

Senthilbalaji also said the government has set up a Rs 5 crore fund for enabling reformed illicit liquor makers to pursue a different profession.

The above news was originally posted on retail.economictimes.indiatimes.com

Aabkari Times Editorial Teamhttps://aabkaritimes.com
Aabkari Times is a monthly news magazine on Liquor, Excise and Alcohol allied industry; being published since 2009 by the expertise of retired excise dept. associates and alco-bev industry professionals as our editorial team. Our magazine contains different new alco-bev strategic and new brand launch articles as well as news on recent govt. policies, trends on alcohol industry and other important data relevant to the distilleries and industry at the mass.

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