Wednesday, June 29, 2022
IndiaLiquor Price Likely Hike Soon Meghalaya Govt decided to increase tax

Liquor Price Likely Hike Soon Meghalaya Govt decided to increase tax

Liquor Price Hike: This state government has decided to increase the tax from 1 to 9%. This decision has been taken to bring more revenue.

Liquor Price Hike: The Meghalaya government has decided to increase the tax on Indian Made Foreign Liquor (IMFL) from 1 to 9%. Chief Minister Conrad Kongkal Sangma said on Wednesday,”This decision was taken to bring in more revenue for the state.”

Sangma said, “The cabinet has approved the re-categorization of IMFL brands existing in the state. In order to change the prices in neighboring states and generate more revenue, we have decided to declassify individual brands and increase the prices of some of them. has decided.”

He said that due to the change in the prices and categories of liquor, the state government is expected to get additional revenue of up to Rs 25 crore annually.

Cabinet seeks waiver of upfront fee of Rs 1 lakh per MW in lieu of allocation of 50 MW Wah Umiam Stage-I and 100 MW Wah Umiam Stage-II hydroelectric projects of North Eastern Electric Power Corporation Limited (NEEPCO) in Umiev river basin in the state also approved.

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The Chief Minister said that he has also approved a proposal of the Personnel Department to allow the Chief Secretary to be the appointing authority for the posts of Superintendent, Under Secretary and Deputy Secretary in the Secretariat. The Chief Secretary replaces the Governor as the appointing authority.

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