Kerala: Milk price to go up by Rs 6, liquor by 2%

The retail price of Indian Made Foreign Liquor (IMFL) in the state is set to rise by 2% with the state cabinet deciding on Wednesday to increase the sales tax on liquor by 4%. The decision to increase the sales tax was taken to make up for the revenue loss suffered by the government following its decision to discontinue the turnover tax of 5% slapped on liquor manufacturers in the state.

Kerala: Milk price to go up by Rs 6, liquor by 2%
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The retail price of Indian Made Foreign Liquor (IMFL) in the state is set to rise by 2% with the state cabinet deciding on Wednesday to increase the sales tax on liquor by 4%. The decision to increase the sales tax was taken to make up for the revenue loss suffered by the government following its decision to discontinue the turnover tax of 5% slapped on liquor manufacturers in the state.