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India Plans To More Than Double Taxes On Zero-Alcohol Beers: Exclusive
The proposal will be taken up in the GST Council’s next meeting; the date is yet to be finalised.
04 Nov 2019, 01:43 PM IST
India plans to increase taxes on non-alcoholic beer sold by AB InBev and Heineken NV, bringing them on a par with carbonated beverages and bring in a potential revenue of Rs 250 crore, according to a proposal.The government will seek to increase tax on drinks such as Budweiser 0.0 and Heineken 0.0 to 28 percent from 18 percent, and levy an additional 12 percent compensation cess, according to the proposal—BloombergQuint has reviewed ...
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