🇮🇳 India
4d ago
Karnataka govt issues draft on alcohol-by-volume tax regime
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Bengaluru: In a move that could significantly alter the pricing landscape of the spirits industry, the state government has issued a draft notification to implement a tax system based on the actual alcohol content in beverages. If finalised, Karnataka will become the first state in India to adopt the Alcohol-in-Beverage (AIB) taxation model, a practice common in the West. Wine Merchants Association General Secretary B Govindraj Hegde said that the proposed shift from the current MRP-li
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