Capt Imposes COVID Cess on Liquor But Gives Relief to Transport Sector

(Chd,Pb)Capt Govt Imposes COVID Cess on Liquor but gives Relief to Transport Sector
The Punjab government has raised additional excise duty and additional assessed fee on liquor in the range of Rs 2 to Rs 50 depending upon the type of liquor.
The move will help the state to mobilise additional revenue of Rs 145 crore in the current fiscal.
The state is facing a revenue shortfall of Rs 26,000 crore, which is 30 per cent of the total budget revenue estimates, for the financial year 2020-21, necessitating some tough measures to generate additional revenue, the chief minister Capt Amarinder Singh said.
The proceeds of the additional levy shall be utilised entirely for COVID19-related expenditure, Singh said.
Punjab government on Monday slashed tax on per kilometer travel for non-AC buses.
Chief Minister ordered a reduction in tax rate from Rs 2.80 to Rs 2.69 per km per vehicle per day