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Excise minister seeks 70-point VAT cut on liquor
Hindustan Times Ranchi
|April 13, 2025
Jharkhand excise minister Yogendra Prasad Mahato has proposed a 70 percentage point cut in the current 75% VAT on liquor, sparking the possibility of reduced prices of high-value branded foreign liquors, people familiar with the development said on Saturday.
JAMSHEDPUR: Jharkhand excise minister Yogendra Prasad Mahato has proposed a 70 percentage point cut in the current 75% VAT on liquor, sparking the possibility of reduced prices of high-value branded foreign liquors, people familiar with the development said on Saturday.
"I have sent our proposal to the state Cabinet to reduce the 75% VAT on liquor by 70 percentage points. So, in effect, the VAT will be only 5%, resulting in cheaper liquor prices in the state. It will push demand and boost sales volumes once our proposal is approved by the Cabinet," Mahato told HT on Saturday.
Dit verhaal komt uit de April 13, 2025-editie van Hindustan Times Ranchi.
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