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LIQUOR TAXATION
Kerala liquor policy to be decided after talks with coalition parties, says Kerala Revenue Minister A P Anil KumarKerala Revenue Minister A P Anil Kumar stated that any policy on tax cuts for low-alcohol beverages will be decided after internal UDF disc...- Global liquor companies chase Indian state dues of $400 millionAlcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies s...
- Alcohol-in-beverage: Karnataka leads India’s next liquor tax experimentKarnataka becomes India's first state to adopt an Alcohol-in-Beverage excise duty structure. This new policy, effective May 11, deregulates...
- United Spirits Q4 Results: Profit jumps 27% on demand for premium liquorKarnataka, one of India's highest-tax alcohol markets, said in March it will scrap government price controls and shift to strength-based e...
- New policy will benefit premium brands, hurt local ones, distillers tell Karnataka CM SiddaramaiahLocal alcohol manufacturers in Karnataka have urged Chief Minister Siddaramaiah to review the proposed liquor tax system, saying it favours...
- Karnataka liquor taxation: Distillers to meet CM, seek review of new alcobev tax structureAlcoholic beverage manufacturers in Bengaluru are seeking a review of proposed excise duty rules, fearing a European model's negative impac...
- Karnataka's liquor deregulation: Why United Spirits, United Breweries & Allied Blenders are Dalal Street's new favouritesKarnataka is poised for a significant policy shift in its liquor sector, moving towards deregulation. This move is expected to benefit majo...
- United Spirits, other liquor stocks slide up to 6% after Maharashtra hikes excise dutiesShares of liquor companies declined after the Maharashtra government approved changes to liquor taxation and regulation to boost excise rev...
- High taxation rates crippling liquor trade: ISWAI"The Indian alcobev industry is in deep crisis due to inflation on one hand and high taxation rates. In this context, it is needed to decre...
- 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...
- Punjab government imposes COVID cess on liquorThe move will help the state to mobilise additional revenue of Rs 145 crore in the current fiscal.
- Home delivery of liquor to start in Punjab from May 7The timing of delivery of liquor will be decided by the respective assistant excise and taxation commissioners in consultation with deputy ...
- UBS cuts price target on United Spirits by 9%The current valuation of United Spirits is not pricing in potential negative surprises.
- Aadhaar, invoice made mandatory for liquor vends in HaryanaMoreover, no liquor sale will be allowed in around 200 villages on the request of panchayats in the state.
- SC ban on liquor sale along highways not applicable to marriage palaces: Punjab AGthe apex court had banned liquor vends within 500 metres of national and state highways; This order was also applicable to bars, pubs and r...
- Punjab government explores ways to allow liquor at weddingsHospitality industry is waking up to the dent posed by the ban. The ban has affected almost 80-85 per cent hospitality businesses in Punjab...
- 93% of alcohol consumed in India is hard liquor, beer and wine far behindThe consumption of beer stood at only 7 per cent leaving wine consumption with a statistically negligible figure of 0.1 per cent.
- Haryana to suffer Rs 1,340 cr loss due to shifting of liquor vendsHaryana Excise and Taxation department today said it will suffer financial loss of Rs 1,340 crore because of shifting of liquor vends from ...
- Desi liquor brands with foreign names flood poll-bound PunjabDollar Rum and Cash Whisky are doing spirited business, but no less popular are brands like Khasa Mota Santra, Binnes (sic) Raspberry and F...
- State Finance Ministers to hold GST meet in Shillong on November 18-19At its last meeting on October 21, several states had opposed the inclusion of petroleum products and liquor in the proposed indirected tax...
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