Alcohol Prices to Increase in Goa by April 2022!

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

Share this post on social media

Related Articles

News

News

UAE Unveils Tourist Visa of 5 Years!

News

News

Cloudburst in Himachal, Roads to Kinnaur Blocked

News

News

FASTags In India Are Now Going To Be A Mandatory Requirement For Your Vehicles

News

News

India’s Fastest Train EVER - Train 18, Opening Soon

News

News

This Contactless Pani Puri Vending Machine In Gujarat Is Something You've Never Seen Before

News

News

Taxi Strike In Goa - Here's All You Need To Know

News

News

India's First Sky Cycling Park at 9300 ft. to Open Soon in Manali

News

News

The Peso, Argentina's Currency has Crashed and Traveling to Argentina has Never Been Cheaper!

News

News

The 83 Year Old Worli Sea-Face Walkway To Be Remade

News

News

Uber Sets Foot In The Sea: UberBOAT Services To Start In Mumbai From February 1st

News

News

Bhutan Will Soon Permit Regional Tourists Through Its Five Border Towns

News

News

The Much-Awaited National Skiing Competition in Auli

News

News

Assam Is All Set To Start The Longest River Ropeway From April 2019

News

News

Chhatrapati Shivaji International Airport Named Best Airport By Size And Region!

News

News

Air India, Indigo Drop Rescheduling/Cancellation Charges On Flights To/From Colombo In Wake Of Attacks

News

News

Flights Starting at INR 999 - Indigo's Anniversary Sale to Cure Your Travel Woes

News

News

Sri Lanka Opens Visa-On-Arrival For Indians - Start Planning Now!

News

News

Rishikesh's Iconic Lakshman Jhula Shut Forever - Find Out Why!

News

News

You Might Never Get to Camp at Chandratal Lake in Spiti - Read to Know Why!

News

News

What does Yellow Weather Mean for Himachal Pradesh and Your Travel Plans?

News

News

Direct Flights India To Vietnam - Your Next Vacation Just Got Cheaper

News

News

Travel Warning: Terror Threats Impact Travel To Amarnath

News

News

Trains Cancelled and Diverted Due To Mumbai Rains

News

News

Taj Mahal Entry To Be Restricted. Find Out More

News

News

Manali-Leh Highway Blocked - Massive Landslide Brings Traffic to Standstill

News

News

Flights to Australia Starting At INR 6399, Air Asia Australia Sale Live Now!

News

News

Delhi Airport Terminal 2 Introduces the Best Solution - Read More To Find Out What

News

News

Travel Warning: Highways Blocked in Himachal Pradesh Due To Landslides

News

News

Udaipur and Gujarat Under Terrorism Alert - Read More To Find Out

News

News

India's Musical Retreat Is Here! The 10th Edition of Bacardi Nh7 Weekender Is Back. Here's What to Expect!

Comments on this post