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Liquor prices revised in State
The State Cabinet has approved rate revision of the Indian Made Foreign Liquor(IMFL) range sold through TASMAC shops, and the increase in price for hard-liquor (Brandy, Rum, Whiskey, Vodka, Gin) bottle (180 ml) would be between Rs 12 to Rs 25. A similar increase will be made for soft-liquor – beer and wine, as well.
By
migrator
migrator
Chennai
Sources said the revision was done in accordance with impending requests from the suppliers whose manufacturing costs have escalated following GST rollout.
The move would benefit the supplier whose procurement price would increase, TASMAC which markets the liquor, and the state which has tax purview over liquor. While an estimated annual revenue of Rs 5,000 is expected to go into the coffers of the exchequer. The state had earlier revised the liquor price in 2014.
In 2016-17, the liquor sale revenue was pegged at Rs 26,995 crore which includes excise revenue of Rs 6,248 crore and VAT (sales tax) Rs 20, 747 crore. The nod comes at a time when the state is reeling under severe financial crisis.
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