New Delhi: The service tax proposals announced the new Budget will be implemented from June 1st in India such as cars, cigrattes, branded garment price will be increased.
With the imposition of 0.5 percent Krishi Kalyan Cess (KKC) from June 1, the total incidence of service tax will increase to 15 percent, thus making eating out, phone usage, air and rail travel, expensive. Finance Minister Arun Jaitley had also imposed up to 15 percent excise duty on all tobacco products.
Here are the products:
1.Gold and Silver; jewelery articles excluding silver
2. Water including mineral water, aerated water containing added sugar or sweetening matter
3. Goods and services above Rs 2 lakh in cash
4. Aluminum foil
5. Air Travel
6. Plastic bags and sacks
7. Ropeway, cable car rides
8. Imported imitation jewellery
9. Industrial solar water heater
10. Legal services
11. Lottery tickets
12. Traveling by hiring stage carriage
13. Hiring of packers & movers
14. E-reading devices
15. Instruments for VoIP (Voice over Internet Protocol)
16. Imported Golf Cars
