Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Retail POS System Market Huge Growth by 2023 to 2030 with Leading Players | Square, Lightspeed, Shopify

    September 22, 2023

    Cloud POS Market Size 2023 is Bound To Make An Impact Business Trend, Sales Potential, Opportunities with Strategic Growth 2029

    September 21, 2023

    Union Unveils Restaurant POS for iPhone Solution for Placing Orders and Processing Payments Tableside Without Card Readers

    September 20, 2023
    Facebook Twitter Instagram
    Your POS TechYour POS Tech
    • Point Of Sale [POS]
    Your POS TechYour POS Tech
    Home»Point Of Sale [POH]»PoS machines to track liquor sales at vends in Punjab
    Point Of Sale [POH]

    PoS machines to track liquor sales at vends in Punjab

    yourpostechBy yourpostechMay 3, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    All liquor vends in Punjab will have point of sale (PoS) machines to record sale patterns and market trends, and prevent manipulation of selling prices. The state excise department believes the machines will play a key role in further increasing the excise revenues, which jumped by 41% in the 2022-23 financial year. The machines will cost vend owners INR2,500 ($34), and the pilot project will start with vends in Patiala, Mohali and Fatehgarh Sahib from Q2 of the financial year.
    Soon, all 6,327 liquor vends in Punjab will have point of sale (PoS) machines. The state excise department has mooted the proposal and said that installation of these machines would help it record sale patterns, market trends and control the possibility of manipulation of selling price by the vends owners.

    The department said the machines will play a key role in further increasing the excise revenues. The excise revenues witnessed a jump of 41% in the 2022-23 financial against the earnings of ₹6,254.74 crore in 2021-22. The state pocketed ₹8,841.4 crore, a jump of ₹2,587 crore.

    “In the current fiscal, the department has set a target of ₹9,700 crore of revenue from the sale of liquor (excise). Next year, we are predicting that the revenue growth will plateau. So, to further increase the revenue, the department is looking to monitor the sale of each and every bottle,” said an officer in the state department on the condition of anonymity.

    “It is a mandate of the government to shift to digital transaction mode, so why not in the liquor trade,” said a senior official of the department. The machine will cost the vend owners ₹2,500, and the department is looking to start the pilot project with vends in the districts of Patiala, Mohali and Fatehgarh Sahib from the second quarter of the financial year.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleR.F. Technologies Adds Panasonic Point-of-Sale Solutions
    Next Article Texas grocer selects NCR for POS
    yourpostech
    • Website

    Related Posts

    Retail POS System Market Huge Growth by 2023 to 2030 with Leading Players | Square, Lightspeed, Shopify

    September 22, 2023

    Cloud POS Market Size 2023 is Bound To Make An Impact Business Trend, Sales Potential, Opportunities with Strategic Growth 2029

    September 21, 2023

    Union Unveils Restaurant POS for iPhone Solution for Placing Orders and Processing Payments Tableside Without Card Readers

    September 20, 2023

    5 POS tech issues you need to avoid

    September 19, 2023

    Leave A Reply Cancel Reply

    Our Picks

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    We provide a wide range of customized, integrated B2B and B2C digital marketing services solutions that are ideal for your business.

    We're accepting new partnerships right now.

    Email Us: info@yourmartech.com
    Contact: +1-530-518-1420

    Our Brands
    • Your Martech
    • Your HR Tech
    • Your Fin Tech
    • Your Revenue
    • Your Bio Tech
    • Your Info Tech
    • Your Health Tech
    SUBSCRIBE NOW
    Loading
    LinkedIn
    • Privacy Policy
    © 2022 Vigarbiz Inc. Designed by Vigarbiz Media.

    Type above and press Enter to search. Press Esc to cancel.

    Your Postech