The Rajasekhara Reddy government seems to have come to the conclusion that the best way to get revenues to the exchequer is make people drink more and more; and pay more.
On Tuesday, the Chief Minister issued orders increasing the “trade margin” (an indirect increase in sales tax) on beer and IMFL from two per cent to nine per cent. The government is expected to get an additional revenue of Rs 300 crore from this little increase.
What is interesting is that the AP Beverages Corporation Limited, which does liquor trading, has announced that the additional revenue will go to the Chief Minsiter’s Relief Fund, so that people who die of consuming excess liquor can be given compensation! Good idea, isn’t it?
Wednesday 1 July 2009
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