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 […]
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 […]
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 […]
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 […]
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 […]
