Tuesday, July 16, 2024

Liquor prices go up in Assam to compensate for tax losses on fuel

Liquor prices go up in Assam to compensate for tax losses on fuel

Guwahati, Dec 10 (SocialNews.XYZ) The Assam government from Friday hiked the rates of excise duty on liquor by 15 per cent to compensate the tax losses due to reduction of Value Added Tax on petrol and diesel, officials said.

An Excise Department official said that the tax would be higher for costly liquor in Assam while no tax has been proposed for wine, beer and cheap brands in view of the high existing levy and to protect the local industries.

Assam has 1,234 liquor and wine retail outlets with 318 in Guwahati alone. The number of bars in the state is 996.

The Assam government collected Rs 2,033 crore revenue on excise in 2020-21 fiscal and the department targeted to collect excise revenue of Rs 2,400 crore during the current financial year (2021-22), the official said.

Meanwhile, during the first wave of Covid-19, alcohol prices in the state had gone up after the government decided to include a 25 per cent cess on liquor, in order to meet huge healthcare expenses caused by the pandemic. However, the cess was lifted subsequently.

Source: IANS

The above news was originally posted on www.socialnews.xyz

Hot this week

Move Over Scotch, Indian Malts are Here to Stay

Mumbai: Sales of Scotch and premium imported Japanese, Irish,...

World of Brands set to launch craft beer brand in Karnataka

AlcoBev startup World of Brands (WoB) looks to expand its domestic...

Suntory Establishes Indian Subsidiary to Boost Business Growth

Japanese multinational brewing and distilling company Suntory announced on...

सुपर ड्राई बीयर का होगा वैश्विक विस्तार

जापानी कंपनी असाही ग्रुप होल्डिंग्स ने वर्ष २०३० तक...

Topics

Move Over Scotch, Indian Malts are Here to Stay

Mumbai: Sales of Scotch and premium imported Japanese, Irish,...

World of Brands set to launch craft beer brand in Karnataka

AlcoBev startup World of Brands (WoB) looks to expand its domestic...

Suntory Establishes Indian Subsidiary to Boost Business Growth

Japanese multinational brewing and distilling company Suntory announced on...

सुपर ड्राई बीयर का होगा वैश्विक विस्तार

जापानी कंपनी असाही ग्रुप होल्डिंग्स ने वर्ष २०३० तक...

साल में हुआ सबसे कम वाइन उत्पादन

पिछले साल दुनियाभर के वाइन उत्पादन में १० फीसदी...

2 Liquor Shops to be opened at Delhi Airport T1 and T3 terminals soon

NEW DELHI: Indira Gandhi International Airport in Delhi is...

Monika Alcobev Introduces Onegin Vodka, a Luxurious Russian Wheat Vodka to the Indian Market

MUMBAI, India, June 12, 2024 /PRNewswire/ -- Monika Alcobev, a leading...
spot_img

Related Articles

Popular Categories

spot_imgspot_img