Decision to hike liquor prices by 25% in Meghalaya, effective midnight of May 8, 2020, taken to generate additional excise revenue amid COVID-19 crisis, says govt
Shillong: The Meghalaya government on Friday announced that there will be a hike of 25% on the maximum retail price for liquor effective midnight of May 8, 2020.
The government informed that the step has been taken in order to generate additional excise revenue to meet the unexpected financial burden/expenditure arising out of the COVID-19 situation in the state.
In a statement, it said, “It is anticipated that the increase of price of liquor will generate additional revenue to the tune of Rs 120-130 crores approximately. Currently for the last financial year of 19-20 the revenue generated has been Rs 260 crores from Excise apart from VAT on liquor.”
Liiquor stores reopened on Monday after the Central government made several relaxations. The government’s move to hike the alcohol prices follows similar moves by several other states including Delhi, Andhra Pradesh, West Bengal, Uttar Pradesh and Karnataka.