| Sl No | Particulars | 1. EXCISE DUTY (in Rs) |
|---|---|---|
| 3 | WINE i) Less than 14 v/v ii) 14 v/v & above | 5.00 5.00 |
| 4 | BEERManufatured in Brewery Beer Manufactured in Micro Brewery | 10.00 50% of the annual installed Capacity at the rate of Rs.10.00 per bulk litre |
| 5 | LAB | 10.00 per BL |
| 6 | IMPORT FEE ON FOREIGN LIQUOR | No Excise Duty |
What is the new excise duty on Indian-made liquor in Karnataka?
BENGALURU: The Karnataka government on Wednesday announced an increase in additional excise duty (AED) on Indian-made liquor (IML) in the range of 17%-25% across all slabs, seeking to rake in nearly Rs 3,000 in additional revenue in the current financial year. The hike is in addition to 6% AED that kicked in on Tuesday.
Why is the consumption of premium alcohol products declining in India?
"Despite these favourable conditions, the premium alcohol products have seen a consistent decline in consumption in the last 4-5 years. This is primarily because Karnataka has the highest tax rates.
Is Karnataka’s premium segment declining?
The Karnataka premium segment is only around 6.8 per cent of the total industry, and is declining year-on-year, while the comparable figures for other states are at least 10 per cent, with Telangana and Odisha constituting as high as 54 per cent and 22 per cent respectively.
Which tax is applicable on alcohol?
However, post-GST, they are taxed at 18%. Hence, even with no major changes in the VAT rates charged on beer or liquor, the cost of beer and liquor had increased due to the increase in input taxes.
Is alcohol expensive in Karnataka?
Karnataka: The Karnataka government hiked excise duty on liquor by 11% in addition to the 6% that was announced in the budget. With this, liquor will become costlier in Karnataka.
What is the tax on beer in Bangalore?
18% GST RATE; GST HSN chapter code 2207 Ethyl alcohol and other spirits, denatured, of any strength.
What is the tax on liquor in India?
Alcohol which is not meant for consumption but utilised in industries, attracts an 18% GST tax.
What is the price of 8 pm Whisky in Karnataka?
Buy 8PM Premium Black Whisky Online at Best Price of Rs 720 - bigbasket.
What is the price of MC Whisky in Karnataka?
Mcdowell no 1 Whisky Price in BangaloreWhisky NameVolumePrice in INRMcdowells No 1 Whisky750 mlRs 560
Is there GST on alcohol?
GST is not applicable for purchase of beer or liquor in India. However, the State Governments shall continue to levy VAT and excise duty on liquor and beer.
What is the GST on Whisky?
HSN Code and GST Rate for Beverages, Spirits and VinegarHSN CodeHSN Item DescriptionGST Rate in Percentage2208 30 19Other18Other:2208 30 91Bourbon whiskey182208 30 92Scotch18135 more rows
Is alcohol exempted from GST?
GST is not levied on liquor for human consumption. However, VAT is applicable on total supply value.
Which state has highest tax on alcohol?
Nationally, Maharashtra charges the highest rate but draws only a portion of its revenue from its sales. Tamil Nadu, like Kerala, earn a large part of its revenue from the sale of liquor. It has imposed VAT, excise duty, and a special fee on foreign liquor.
Which state has highest alcohol tax in India?
The northern state of Uttar Pradesh made the highest estimated revenue from excise duty on alcohol at about 315 billion Indian rupees across India in financial year 2020.
Which state has cheapest alcohol in India?
However it will still mean Goa is the cheapest state in India for alcohol.
How much money does Uttar Pradesh make from liquor?
In 2019, Uttar Pradesh made a whopping Rs 25,000 crore from liquor.
When does liquor expire in Uttar Pradesh?
Many states have an annual contract system which expires at the end of March, and from April 1 new entities ake over.
What is the importance of liquor sales?
Liquor sale is crucial for states. States earn a large part of their revenue from the sale of liquor. The states such as Tamil Nadu impose value added tax (VAT) apart from a special fee charged on imported foreign liquor. The transportation of liquor and registration of liquor brands are the secondary sources of revenue from alcohol.
What is SOTR in tax?
SOTR, a share in central taxes as per finance commissions recommendations, SONTR (States' own Non-Tax Revenue) and grants from the centre are the sources of revenue for the state government. The average share (FY18 to FY20 (BE))of SOTR in revenue receipts is around 46 per cent and it's the same in central taxes.