For Quick Alerts
For Daily Alerts

Beer Will Get Costlier In Karnataka


In the Karnataka State budget presentation on Friday, chief minister HD Kumaraswamy proposed a hike in excise duty on draught beer and beer produced in microbreweries after a number of measures introduced for farmers and mutts in the state.

Beer Will Get Costlier In Karnataka

In the 2019-10 budget, Kumaraswamy set aside a total of Rs 110 crore for schemes related to the 38 mutts in the state and Rs 400 crore for minority communities.

Meanwhile, to increase sources of income, he hiked the excise duty on draught beer and beer produced at microbreweries. The additional excise duty on beer will be increased to 175 percent from 150 percent, while on draught beer it will be 150 percent from 115 percent.

As for the beer manufactured in microbreweries, the excise has been doubled to Rs 10 per bottle from Rs 5 and additional excise to Rs 25 from Rs 12.5 per bottle.

This is chief minister Kumaraswamy's second budget presentation in the current coalition government in the state of Karnataka. He holds a finance portfolio. The total size of the budget was Rs 2.34 lakh crore, where he proposed an allocation of Rs 12,650 crore budget for the Congress-JDS coalition government's flagship crop loan waiver scheme.

Read more about: excise duty
Story first published: Saturday, February 9, 2019, 12:45 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more