Delhi government decided to add a 70% corona tax on liquor sale. The tax will be applied to the MRP (maximum retail price) of each bottle. The decision was taken on Monday and it will be implemented from Tuesday. The government wants to increase its revenue with liquor sale.
70% on liquor sale in Delhi
The Delhi CM Arvind Kejriwal chaired a cabinet meeting on Monday morning to discuss ways to harvest liquor sale to boost revenue of the state that is down by more than 100% in comparison to last year. Delhi’s revenue in April 2019 was Rs. 3,500 crore but it plunged to Rs. 300 crore in April 2020.
The CM discussed the corona tax model with his cabinet colleagues and ordered charging 70% for per bottle from the buyers. After the renewed price, a bottle that costs Rs. 1,000 on MRP will now cost Rs. 1,700 due to the tax. The additional tax will help boost the revenue in the coming days.
Liquor sale in Delhi
Delhi government has authorized agencies to sell liquor in the capital. These agencies are DTTDC, DSIDC, DSCSC and DCCWS. And they are allowed to issue licenses to private firms to sell … Read the rest