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In fact, the consumption of alcohol only soared even as fuel sales plummeted post the measure by the state government with an eye on revenue.
A bottle of liquor under Rs 1,000 will cost Rs 10 more than the budgetary hike of Rs 20.
Raising the rebate limit to Rs 7 lakh is expected to incentivise people to shift to the new tax regime and reduce their tax burden.
The tax on foreign liquor goes up to 251% with the latest hike.
Both excise minister M B Rajesh and finance minister K N Balagopal said the decision was taken to provide Kerala-based liquor manufacturers with a level playing field.
The price of liquor will go up when the Bill is signed by the Governor after it is passed by the Assembly. The prevailing rate of tax on liquor is 247%. This will go up to 251%.
The govt decided to waive the sales tax on liquor manufactured in the state. The retail price is being increased to offset the annual loss of Rs 150 crore caused by the tax waiver.
Kerala's Finance Minister K N Balagopal has termed the cesses and additional duties "unconstitutional".
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