GST On Alcohol

The world's largest brewer AB InBev has evinced keenness for a Rs 400 crore investment to enhance and expand its brewery operations in Karnataka, according to the State's Large and Medium Industries Minister M B Patil. A Karnataka delegation led by Patil held discussions with executives of AB InBev on Wednesday at the World Economic Forum annual meeting in Davos, the Minister's office said in a statement. The company has a state-of-the-art brewery in Mysuru and a Global Capability Centre here. Meanwhile, HP Enterprise which currently employs 8,000 individuals in Karnataka out of its 15,000-strong workforce across India stated that the two new state-of-the-art buildings at Mahadevpura here would be unveiled soon. "This location is set to become the largest concentration of HP facilities globally, nearly double the size of its next biggest site, the statement said.

Beer consumption has witnessed a slowdown due to frequent changes in taxation, impacting the pricing of the alcoholic beverage, according to the industry

Metro passengers are requested to maintain proper decorum while travelling, the DMRC said

The projected revenue from alcohol estimated at the time of presenting the Budget constituted around 20 per cent of the state's expected own tax revenue and 15 per cent of its total receipts.

At 40 per cent, Punjab has the worst debt to gross domestic product ratio (GDP) among larger states

The state government has decided to announce a relief package for farmers who were not able to market their produce

Punjab would like to help the Centre in any way possible to deal with the coronavirus disease (Covid-19) pandemic, said state Finance Minister Manpreet Singh Badal

Raising liquor taxes - which bring in nearly 25 percent of revenue - is the most likely option as state governments are unlikely to borrow and worsen their debt to GDP ratios

Additional solicitor-general says extra-neutral alcohol liable to new tax

VAT as applicable in states should be charged separately on alcohol served at restaurants