Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: list of goods taxed at 4% :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: cpt
Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

State asks excise dept to review alcohol tax
February, 25th 2014

Bowing to mounting pressure from the hospitality and liquor industries, the Maharashtra government has asked the excise department to review the proposed 50 per cent tax hike on alcohol, sources in the department said.

Mumbai Mirror had reported on February 12 that the state government had proposed a 50 per cent increase in the licence fee for permit rooms and liquor stores, following a review. Though the state policy mandates a 10 per cent annual hike, the state had not touched the licence fee for the last three years. The decision was taken following a meeting between the chief minister and the deputy CM.

Consequently, the annual licence fee was to go up from Rs 3,66,000 to Rs 5,44,000 for permit rooms and from Rs 95,000 to Rs 1,50,000 for liquor stores, leading to protests from the industry.

Several hospitality associations approached the government pleading that the proposal was regressive and that it would sound the death knell for the industry in the state. Bowing to their demands, the state government has now sought the opinion of all departments concerned.

"The government has approached the excise commissioner, too, asking whether the fee should be reduced," said a senior department official who did not want to be named. "a decision will be taken soon."

Dr Sanjay Mukherjee, excise commissioner, refused to comment. Others in the department said even they were flooded with pleas from the industry. "This decision was made by the government," said an official. "Our department had little to do with it. But we are also flooded with petitions demanding a rethink."

Gurbaxish Singh Kohli, vice president, Hotel and Restaurant Association-Western India, claimed taxes levied by Maharashtra was the highest in country.

"The industry cannot bear any more burdens," he said. "If the proposed hike comes into effect, many hotels will shut down. As it is, customers have been complaining of high costs. Any more increase and they will stop visiting permit rooms. This does not mean they will stop consuming alcohol; it will merely result in customers opting to drink at home or shifting to spurious liquor or country liquor."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions