amish

Star gazer
Regulars
#5
And bill is passed in Rajya Sabha!

Tax on necessary items (eg. textile) will increase from 5% to 18%

Tax on not-so-necessary (eg. cars) will decrease from 30% to 18%

Overall tax would increase on end-user.
 

amish

Star gazer
Regulars
#7
That 1% that they decreased to get congress support will also be added next year! :D

(Because that time it wont require 3/4th majority just cabinet approval wud be enough)

PS: Sensex would JUMP tomorrow like 400-500 points! (crazy people)
 

Sushubh

Administrator
#8
So service tax on telecom bills etc would now be 18% instead of 15%?
 

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