What becomes expensive?
– 0.5 per cent Krishi Kalyan Cess on all taxable services with effect from 1st June, 2016 which will increase all services bills like – telephone, restaurant, school fees etc
-Increase in price for luxury cars – The budget has imposed a tax collected at source of 1 % on purchase of luxury cars exceeding value of INR 10 lakhs. Further, an Infrastructure cess has been levied as below
-1 per cent: Petrol/LPG/CNG driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1200cc
– 2.5 per cent: Diesel driven motor vehicles of length not exceeding 4m and engine capacity not exceeding 1500cc
– 4 per cent: Other higher engine capacity motor vehicles and SUVs and bigger sedans
– Tobacco and Tobacco Products
– Branded readymade garments and made up articles of textiles of retail sale price of Rs 1000 or more
– Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavored
-Precious metals & Jewellery
– Aluminum foil
– Air Travel
– Plastic bags and sacks
– Ropeway, cable car rides
– Imported imitation jewellery
– Industrial solar water heater
– Legal services
– Lottery tickets
– Traveling by hiring stage carriage
– Hiring of packers & movers
– E-reading devices
– Instruments for VoIP (Voice over Internet Protocol)
– Imported Golf Cars
– Gold bars
What becomes cheaper?
– Footwear
– Solar lamp
– Router, broadband modems and set top boxes, Digital video recorder and CCTV cameras
– Hybrid electric vehicles
– Sterilised dialyser
– Low cost houses with less than 60 sq mt carpet area
– Hiring of folk artists for performance
– Refrigerated containers
– Pension plans
– Microwave ovens
– Sanitary pads
– Braille paper