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LIQUOR CESS
Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...- Himachal government proposes to impose Rs 10 milk cess on liquor bottles to boost income of milk producersAnnouncing the imposition of Rs 10 per cess on liquor bottles in the budget for 2023-24, Himachal Pradesh Chief Minister Sukhvinder Singh S...
- Petrol, diesel to become cheaper by Rs 5 in Assam from midnight; liquor to be cheaper by 25 pcAssam finance minister Himanta Biswa Sarma, while presenting the vote on account on Friday, said that 25 per cent additional cess on liquor...
- Budget 2021: Prices of imported alcoholic drinks may not changePrices of imported alcoholic drinks may not change in the next fiscal. While the budget has reduced basic customs duty on liquor to 50% fro...
- What budget 2021 means for FMCG sectorThe S&P BSE FMCG Index rose 1.85 per cent at the end of the Budget - pulled up by stocks such as ITC, Dabur and Tata Consumer.
- Taxed by the pandemic, Centre may go for a coronavirus cess in Budget 2021The industry has asked that no new taxes be levied as the economy is under stress in its budget recommendations. Experts also opposed the i...
- Liquor sales decline up to 60% in May-June in states with high Corona cess: ReportAfter the retail sales of liquor were resumed after six weeks of closure in May, several state governments facing shortage of financial res...
- Corona cess imposed on liquor resulted in 59% decline in sales post lockdown: CIABCMany state governments, which had noted their revenues plummet amid the lockdown to contain the Covid-19 pandemic, had increased tax on alc...
- Liquor body CIABC urges Andhra Pradesh government to reduce corona cessIn a letter to the AP Government, CIABC has stated that on May 5 the state government imposed Additional Retail Excise Tax (ARET) on all ty...
- Corona tax hangover: Liquor sales in low spiritsThe biggest drop was in Andhra Pradesh, where sales plunged 90% last month. While sales declined 70% in West Bengal and 65% in Delhi, they ...
- Liquor makers hail withdrawal of COVID cess by Delhi govt, say 5% hike in VAT reasonableLiquor makers on Sunday welcomed the Delhi government's decision to withdraw 70 per cent Special Corona duty on liquor after increasing VAT...
- Delhi government lifts 'special corona fee' on liquor from June 10, but raises VATThe 'Special Corona Fee' was imposed last month on the Maximum Retail Price of liquor bottle as the government looked to earn additional re...
- Punjab government imposes COVID cess on liquorThe move will help the state to mobilise additional revenue of Rs 145 crore in the current fiscal.
- Assam, Nagaland, Meghalaya and Arunachal Pradesh may levy COVID cess on liquorAssam finance minister, Himanta Biswa Sarma said, “We had an informal discussion with these states and we may increase the tax on liquor. T...
- Delhi government imposes 70% 'special corona fee' on liquor bottle MRPThe move will boost the government's revenue, which has been hit hard due to the coronavirus-forced lockdown, but there will be a steep ris...
- After stamp duty, Rajasthan govt imposes 20% cess on liquor for cow protectionRecently the state government had hiked stamp duty charges from 10 per cent to 20 per cent in the name of cow protection.
- Cow cess to be levied in Punjab soonPunjab government will soon a levy cess on several items, including vehicles and electricity, for welfare of cows in the state.
- Government mulling transfer of Re 1 Delhi liquor cess to wholesalersAccording to officials, if transport cess is charged from liquor wholesaler, it would not be a big cost for them.
- Kerala government approves UDF move to close down barsAnnouncing the decision at a press conference here, Chief Minister Oommen Chandy said the Cabinet would formally ratify the decision in its...
- Commodities like petroleum, liquor should be brought under GSTStates should be allowed to impose extra taxes if these commodities are brought under GST
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