Liquor
Highlights
- Drinking alcohol has now become expensive in the northeastern state of Meghalaya
- Approval to increase tax rates on IMFL from one to nine percent
- State approves reclassification of available IMFL brands
Drinking alcohol has now become expensive in the northeastern state of Meghalaya. The state cabinet has approved an increase in tax rates on Indian Made Foreign Liquor (IMFL) from one to nine per cent. Let us inform that earlier in Telangana also the state government had increased the prices of liquor. Due to which the liquor here became more than 100 rupees expensive.
After the cabinet meeting held on Wednesday, Chief Minister Conrad K Sangma said that the decision has been taken to ensure higher revenue for the state. Sangma said, the cabinet has approved the reclassification of IMFL brands available in the state.
Government earned Rs 25 crore
According to Sangma, to change the prices in the neighboring states and to ensure more revenue, we have decided to increase the prices of some of the various brands. He said that due to the change in the rates and categories of liquor, the state government is expected to get additional revenue of up to Rs 25 crore annually.
In Telangana, liquor became costlier by 25% in one stroke
The Telangana government has increased the prices of liquor by 20-25 per cent to increase the revenue. The prices of all brands of liquor were hiked and this is expected to help the government generate additional revenue of Rs 6,000 crore to Rs 7,000 crore annually. The state had earned Rs 30,000 crore from the sale of liquor in 2021-22 with a tax income of Rs 12,000 crore. The authorities have increased the price of 1,000 ml of liquor by Rs 120.
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