Why does liquor matter to state excise & what should they do during such a crisis?
Excise revenue from alcoholic beverages has always been an important source of own tax revenue for states in India. According to Reserve Bank of India study (State Finances: A Study of Budgets of 20192-) state excise duty on alcohol accounts for around 10-15% of own tax revenue of most states.
Post GST implementation, its significance has increased as revenue from state excise (from alcoholic beverages) and stamp duty and registration fees (mainly levied on sale of property) are now the major sources where state governments have autonomy to levy taxes. If one were to exclude SGST (rates of which are decided in the GST Council) from states’ own revenues, the share of state excise and stamps and registration fees in states’ own revenues has increased significantly, from around 20% to 40%, in the post-GST regime.
Smuggling is always a concern for revenue authorities, how can they handle this during such a crisis?
A technology-enabled home delivery solution can help enforce social distancing, but one needs to ensure that what the consumer is getting is genuine and safe
Diese Geschichte stammt aus der June 2020-Ausgabe von Ambrosia.
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Diese Geschichte stammt aus der June 2020-Ausgabe von Ambrosia.
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