Alcohol Prices to Increase in Goa by April 2020!

As per the news reports, Pramod Sawant, Chief Minister of Goa has announced in his maiden budget that taxes on liquor and several other things will increase from 1st April 2020. The State Government is expected to yield additional revenue of INR 250 Crores to INR 300 Crores, which would further be used to complete the ongoing infrastructure works in the state.

What Will be Expensive from 1st April 2020?

As told to media by the Chief Minister, the government has made a minimal hike in the taxes to avoid burden on the common man. He said that fees, excise duty and stamp duty had been hiked, the land prices have also been revised and court fees have been increased. Hike in excise duty has also been imposed on Indian Foreign Liquor (IMFL), which will get applied to blended whisky, beer and rum. Excise duty on Feni, a local drink of Goa, has also been increased, causing its price to increase by nearly INR 100 to INR 200 as per the retail selling price. However, despite an increase in taxes on liquor, prices in Goa continue to remain cheaper as compared to other states.

Why Have the Prices Been Hiked?

As stated by the Chief Minister, the increase in prices of liquor is aimed to fix the tax leakages and enhance the efficiency of tax collections in the state. This decision was taken since Goa has a limited tax base for augmenting revenue collections. Further, the government has also proposed to place a unique hologram label on each liquor bottle to mark its authenticity and avoid black marketing of liquor in the state.

What are your views on the decision taken by the Goa's Government? Drop them in the comments below!

This post was published by Ashutosh Chandra

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