BREAKING | Assam may hike liquor prices to compensate VAT reduction on petrol-diesel

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During the Covid19 first wave, prices of liquor in the state had gone up after the state government then slapped 25% COVID-19 cess on liquor
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BREAKING | Assam may hike liquor prices to compensate VAT reduction
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Guwahati: Prices of liquor likely to go up in Assam as state government has been contemplating to hike excise duty to compensate loss from VAT reduction on petrol-diesel.

Earlier on November 3, state government announced a reduction in VAT on petrol and diesel by Rs 7 per litre, hours after the Centre slashed excise duty on fuel.

During the Covid19 first wave, prices of liquor in the state had gone up after the state government then slapped 25% COVID-19 cess on liquor.

However, later ahead of the state polls, the state government rolled back the order bringing the price of liquor to its previous rates.

Sources said that the state excise department has been asked to evaluate the possibilities of hiking the excise duty on liquor recently so that the VAT reduced in petrol and diesel could be compensated.

However, no official order has been out yet.

Read More : Rocketing price of petrol? No worries! Assam man designs 4-seater scooter

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