Consultant picture
BENGALURU: The lockdown in April and the imposition of a hefty extra tax on liquor in Could had a huge effect on one of many state authorities’s largest income sources — liquor gross sales.
The sale of liquor in state dropped by 33% to 100 lakh circumstances within the April-June quarter, in comparison with 152 lakh circumstances offered in the identical interval final yr. Every case accommodates 8.5 litres of liquor. The autumn in gross sales resulted within the state amassing Rs 3,846 crore in excise within the quarter, a drop of Rs 1,913 crore in comparison with the year-ago quarter.
The federal government had bought Rs 5,750 crore from liquor gross sales final yr. The budgetary goal for this fiscal is Rs 22,700 crore. Whereas excise officers stated the dip in income and gross sales is basically because of the 40-day lockdown imposed by the Karnataka authorities, liquor distributors say it was additionally on account of the hike in excise responsibility.
Govt seeking to mop up Rs 3,000cr in income
Govindraj Hegde, president, Karnataka Wine Store House owners Affiliation, stated, “This has proved counterproductive as many individuals, primarily the poor, are discovering it too extremely priced, particularly in these instances of misery.”
The federal government had elevated extra excise responsibility on all manufacturers of Indianmade liquor by 23% to 31% within the first week of Could to rake in additional income. This enhance ought to have resulted in a corresponding hike in income assortment in Could and June if gross sales had returned to pre-Covid ranges. However the extent of fall in income within the quarter means that it didn’t.
The state authorities is banking on the sector to gather a minimum of Rs 2,000 crore to Rs 3,000 crore of extra income to make up for the deficit it expects from different main income sources which have been badly hit by the Covid-19 pandemic.
Excise division officers, nevertheless, attributed the subdued liquor gross sales in Could and June to continued restrictions on the liquor commerce — non-opening of bars and eating places, pubs, golf equipment and different eating companies the place liquor is served.
“As of now, solely retail wine retailers and bars are allowed to present takeaway companies. These account for less than 50% of the liquor enterprise,” stated an excise division official. With Covid-19 circumstances growing and other people fearing to step out of their homes, liquor gross sales are prone to fall additional within the coming days.
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