Liquor Price: The Kerala government on Wednesday announced a four percent increase in the sales tax on liquor in the state. This decision of the state government will also affect the retail prices of Indian Made Foreign Liquor (IMFL).
Thiruvananthapuram: The Kerala government on Wednesday announced a four per cent increase in the sales tax on liquor in the state. This decision of the state government will also affect the retail prices of Indian Made Foreign Liquor (IMFL).
Tax increased on sale of foreign liquor
In the cabinet meeting chaired by Chief Minister Pinarayi Vijayan, it has also been decided to withdraw the five percent turnover tax (TOT) imposed on distilleries producing and selling foreign liquor in the state. The meeting also decided to increase the tax on the sale of foreign liquor to four per cent, imposed under the Kerala General Sales Tax Act, 1963.
There will be an increase in the price of foreign liquor
According to a statement issued here by the Chief Minister’s Office (CMO), liquor wholesaler Kerala State Beverages Corporation has also been approved to increase its storage margin by one per cent. The statement said, “At present there will be no change in the price of foreign liquor purchased from corporation distilleries.” After this decision of the state government, the price of foreign liquor will be increased by two percent.
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