Three major alcoholic beverage industry associations have asked the Telangana government to clear pending dues of Rs 3,725 crore before enforcing a new payment mechanism that deducts early payment discounts. They warned that prioritising recent supplies while leaving older receivables unsettled could expose companies to financial risks and audit scrutiny.
The Telangana State Beverages Corporation Limited (TGBCL ) is collecting 2 percent Tax Collected at Source (TCS) from liquor shop owners, ignoring certificates issued by the Income Tax Department that allow lower rates.
Brewers and beverage companies have urged the Telangana Government to clear pending dues of Rs 3,400 crore. With payment delays stretching up to 90 days, suppliers warn of a possible supply hit while demanding timely settlement and reduction of excise duty
