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TS Beverages Corpn to go
The State government has reportedly taken a decision to abolish the Telangana State Beverages Corporation Limited (TSBCL), the official body to supply liquor to all licensed wine shops and bars, and nationalise wholesale liquor trade under the new Excise policy which is to come into force from October this year.
- IT Department’s notice to pay dues acts as a spur to abolish TSBCL
- Income Tax officials have reportedly confiscated 1,300 cr Central funds meant for welfare and development activities
- The State may nationalise whole liquor trade under new Excise policy to come into force from October
Hyderabad: The State government has reportedly taken a decision to abolish the Telangana State Beverages Corporation Limited (TSBCL), the official body to supply liquor to all licensed wine shops and bars, and nationalise wholesale liquor trade under the new Excise policy which is to come into force from October this year.
It may be recalled here that the Income Tax Department served notices on the TSBCL and APBCL four months ago for payment of dues to tune of Rs 1,400 crore. The TS government contended that the APBCL should pay the dues. The APBCL argued that the TSBCL should be held responsible for evading the tax because all the transactions were carried out through the APBCL head office in Hyderabad when the State remained united.
A senior official of the Excise and Prohibition Department told The Hans India that in the recent high-level review meeting on the new Excise policy, State Excise Minister T Padma Rao expressed concern over the Income Tax (IT) Department diverting Rs 1,300 crore Central funds meant for Telangana State to its account as part of clearing the dues owed by the APBCL.
The IT Department did not even inform the State government about it, the official said. The Central funds were intended for welfare and development activities. This made the government to review the situation and it was felt that continuation of liquor trade under the purview of corporation was not good because it was the second highest revenue generating sources after Commercial Taxes.
The Excise Department mooted a proposal to scrap the TSBCL altogether to avoid embarrassment of IT Department serving notices on it in future, the official said.
By:Patan Afzal Babu
