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        Case ID :

        Budget 2016: Cheaper V/S dearer

        February 29, 2016

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        Following is a list of items that will turn costlier:

        • Cars
        • Cigarettes, cigar, tobacco, paper rolled beedis and gutaka
        • All services like bill payments, eating out, air travel
        • Ready made garments and branded apparel of more than ₹ 1,000
        • Gold and Silver; jewellery articles excluding silver
        •  Water including mineral water, aerated water containing added sugar or sweetening matter
        •  Goods and services above ₹ 2 lakh in cash
        • Aluminium 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

        Following is a list items that will turn cheaper:

        • Footwear
        • Solar lamp
        • Router, broadband modems and set top boxes, Digital video recorder and CCTV cameras
        •  Hybrid electric vehicles
        •  Steriliseddialyser
        •  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.
         
        Price changes under Budget 2016: targeted tax and duty shifts make selected goods and services costlier or cheaper. Budget 2016 adjusts duties and levies to make specified consumer and luxury items costlier-including motor vehicles, tobacco, various services, high-end apparel, precious metals and certain imported goods-while granting concessions or reductions to lower the cost of identified items such as footwear, solar lamps, communication and entertainment equipment, hybrid vehicles, low-cost housing, selected medical supplies, pension plans and accessibility products.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Price changes under Budget 2016: targeted tax and duty shifts make selected goods and services costlier or cheaper.

                                Budget 2016 adjusts duties and levies to make specified consumer and luxury items costlier-including motor vehicles, tobacco, various services, high-end apparel, precious metals and certain imported goods-while granting concessions or reductions to lower the cost of identified items such as footwear, solar lamps, communication and entertainment equipment, hybrid vehicles, low-cost housing, selected medical supplies, pension plans and accessibility products.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
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