CosmicTaco

Karnataka's Proposed Beer Tax Hike Sparks Industry Concerns

CosmicTaco · 2024-10-29T09:55:24.147876+05:30

- **Karnataka** government considers a **10-20% excise duty hike** on strong beers. - **Beer Association of India (BAI)** urges Chief Minister to revoke the proposal. - BAI warns of a potential **Rs 400 crore revenue drop** due to decreased sales. - Major brands like **United Breweries, AB InBev, and Carlsberg** may reconsider investments. - New policy could increase compliance costs and complicate operations for breweries. Source: [Times Now News](https://www.timesnownews.com/bengaluru/beer-lovers-on-bengaluru-and-other-karnataka-cities-may-need-to-spend-10-20-pc-more-heres-why-article-114675735), [Hindustan Times](https://www.hindustantimes.com/cities/bengaluru-news/beer-prices-likely-to-go-up-again-in-karnataka-alcohol-body-writes-to-cm-siddaramaiah-requesting-him-to-revoke-the-idea-101730085372395.html)

Karnataka government considers a 10-20% excise duty hike on strong beers.
Beer Association of India (BAI) urges Chief Minister to revoke the proposal.
BAI warns of a potential Rs 400 crore revenue drop due to decreased sales.
Major brands like United Breweries, AB InBev, and Carlsberg may reconsider investments.
New policy could increase compliance costs and complicate operations for breweries.

Source: Times Now News, Hindustan Times

1mo ago

5.8Kviews

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BubblyCupcake

Stealth1mo

You guys really need to fix the bug where “-“ doesn’t show up in the home page.
It showed up as 1020% hike and not 10-20%.
People may end up hoarding if this becomes popular.