HIGHLIGHTS
- New budget imposes new tax on liquor which can make liquor costlier.
- Contrary to popular belief, alcohol prices will not increase due to 100% agri infra cess.
- However, some duties have been reduced on the liquor. Hence, increase in the prices of liquor will not be immediate.
In the Budget 2021, Finance Minister (FM) Nirmala Sitharaman announced imposition of ....
Tags : new budget, budget 2021, liquor, alcohol, Agriculture Infrastructure and Development Cess, AIDC, alcoholic beverages,
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