ISWAI urges K’taka govt to consider tax rationalisation on premium AlcoBev products
PTI, Jun 24, 2022, 2:03 PM IST
Image for representation
The International Spirits & Wines Association of India (ISWAI), the apex body of the premium AlcoBev sector, on Friday urged the Karnataka government to consider rationalisation of additional excise duty on premium products.
The current taxation structure in the state has resulted in India-Made Foreign Liquor (IMFL) consumption being skewed towards the cheap segment due to the significant MRP differences between the cheap and the premium AlcoBev products where ”cheaper brands are far cheaper, and the premium brands are far costlier than in other states,” it claimed.
Karnataka is one of the largest AlcoBev-consuming states in India, however, the overall excise revenue generation is not in line with the consumption and states which have lower consumption are generating comparatively higher revenues, ISWAI claimed in a statement.
”Despite favourable conditions (in the state), 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,” ISWAI CEO Nita Kapoor said.
She said another pain point is the ”obsolete slab structuring” which was last expanded six years ago and needs a revision.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Karnataka Transport Minister Ramalinga Reddy justifies bus fare hike
SC junks Karnataka Congress MLA plea over ‘vague’ allegations against him
Minister Jarkiholi hosts dinner for Karnataka CM, cabinet colleagues giving rise to speculations
Gangolli: Protest against namaz in panchayat office
Mangaluru: Illegal flexes and banners return to city streets
MUST WATCH
Latest Additions
Karnataka Transport Minister Ramalinga Reddy justifies bus fare hike
Tom Holland on avoiding red carpet walk with Zendaya: It’s her moment
China plays down reports of huge flu outbreak; says country safe for travel
SC junks Karnataka Congress MLA plea over ‘vague’ allegations against him
Blinkit 10-minute ambulance service: Goyal advises firm to follow law of land
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.