States are expected to hike taxes on liquor -- one of the top three revenue sources -- as they need to plug the fiscal hole arising from bearing the burden of farm-loan repayments. Any rise in tax will impact alcohol demand as companies will have to pass the additional levy to consumers, according to Edelweiss Securities Ltd.
from Times of India http://bit.ly/2LN1Odh
Thursday, January 3, 2019
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