Friday 30 October 2020

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Issues | Liquor

Beer to cost Rs 4 more, IMFL Rs 20 more

 

Liquor prices in Goa, which is known for low cost booze, are set to go up marginally from the next month, owing to a substantial rise in warehousing rates as proposed in the state budget presented on Monday.

Chief Minister Manohar Parrikar increased the Value Added Tax (VAT) on Indian made foreign liquor (IMFL) and foreign liquor, including beer, from existing 20 per cent to 22 per cent.

It will translate into an increase of Rs 4 per bottle of beer and Rs 20 for foreign liquor.

Liquor traders and vendors are waiting for the companies to rework their pricing which will decide how much the end-user will have to shell out from his pocket.

Goa has 7,100 bars and 1,000 wholesale traders.

Excise Commissioner P S Reddy said the fresh tax revision would mop up revenue of Rs 225 crore during the forthcoming fiscal from existing Rs 170 crore in the current fiscal.

He, however, did not foresee any dip in liquor consumption due to price rise.

"There is no complaint about increase in VAT as we know that the chief minister will return that money in the form of other social benefit schemes," said Dattaprasad Naik, President, All Goa Liquor Traders Association (AGLTA).

The association is, however, upset over the hike in the warehousing fees to Rs 10,000 from current Rs 3,000 per year.

Terming the increase as a major hit to the business, Naik said the AGLTA would formally petition the chief minister demanding rollback.

"There are big traders and also small ones.

Big traders can bear this hike but not the small ones," he said.

He also added that the trade is already reeling under the hike in licence fees which were increased to Rs 30,000 by the erstwhile Digambar Kamat government in the last budget.


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