Chander S Jeena
Regional Director, Reconnaissance International
Tuesday, November 5, 2024
Categories
Technology
Sustainable and Phygital Innovation Driving Tax Stamps in India
India is the largest market in the world for liquor tax stamps, given that 27 states consume 30-35 billion tax stamps annually. While tax stamps at a global level are mainly used on tobacco products as part of a federal scheme, the situation is different in India, where almost all stamps in circulation are used on alcoholic beverages at the individual state level – and no stamps are used at all on tobacco products.
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