Karnataka To Adopt Global Taxation Standard, Deregulate Alcohol Pricing
Chief Minister says that starting April 2026, the taxes will be levied based on the actual alcohol content of beverages
Food & Beverage.
National
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States
Tamil Nadu Liquor Prices To Increase From 1 February
- by BW Retail World Bureau
- January 30, 2024
Tamil Nadu State Marketing Corporation (TASMAC) on Monday announced that the excise tax on liquor is to be increased which is to be reflected on liquor prices in Tamil Nadu from 1 February. According to a release from TASMC Administration, “the excise tax on liquors is to be increased and therefore, liquor prices are to […]
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Coca-Cola India Expands Into Alcohol Market With Lemon-Dou
- by BW Retail World Bureau
- December 11, 2023
Coca-Cola India has launched Lemon-Dou, its inaugural alcoholic ready-to-drink beverage, marking the company’s foray into alcohol. Initial tests for Lemon-Dou are underway in Goa and select areas of Maharashtra. The beverage, a part of Coca-Cola’s global portfolio and called ‘Chuhai’ in Japan, blends shochu, akin to brandy and vodka, with lime flavors, extending the company’s […]
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Government
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States
To Remain Competitive, Alcohol Brands Need To Navigate Changing Tax Landscape: Experts
- by Amisha Sharma
- October 13, 2023
The Goods and Services Tax (GST) Council last week said that it has decided not to impose a tax on Extra Neutral Alcohol (ENA) at the national level, however, it’s now up to the states whether to tax ENA or not. ENA is an important ingredient used in making alcoholic drinks for human consumption. The […]
Government
News
GST Council Cedes Tax Right On Extra Neutral Alcohol To States
- by BW Retail World Bureau
- October 9, 2023
Union Finance Minister Nirmala Sitharaman on Saturday said that the Goods and Services Tax (GST) Council has decided to exempt Extra Neutral Alcohol (ENA), a key raw material for manufacturing alcoholic liquor for human consumption, from the GST, giving states the exclusive right to tax the item. Sitharaman, while briefing the media after the 52nd […]
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Alcohol Ecommerce Still In Its Early Stages In India
- by Amisha Sharma
- August 8, 2023
In the global market, ecommerce sales for alcohol typically make up about 2 to 3 per cent. China being one of the leads and has reached around 10 per cent, showcasing significant growth. However, in India, ecommerce for alcohol is still very far from it, said Atul Kumar Singh, Co-Founder & MD, Lone Wolf in […]