In Budget 2022-23, cars, mobiles, cigarettes, fertilizers, air tickets became more expensive, tractors, agricultural machinery, solar panels, and edible oil seeds became cheaper.
According to the budget document, a levy of Rs 100 to Rs 16,000 has been imposed on mobile phones ranging from 30 30 to 70 701, tax on vehicles over 1600 cc has been doubled and excise duty on local cigarettes has been increased. Has gone
Similarly, for international travel, it is proposed to increase excise duty on business and first-class air tickets from Rs. 10,000 to Rs. 50000.
A fixed tax has also been imposed on electricity bills of over Rs 20,000 for traders.
It is proposed to abolish sales tax on imports of tractors, agricultural machinery, edible oil seeds, and solar panels to provide facilities to farmers. Taxes on more than 4000 raw materials for other industries including pharmaceuticals were also reduced.
