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Union Budget 2013: SUVs, Smartphones, Cigarettes To Cost More

Thursday, February 28, 2013
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Eating out at air conditioned restaurants will also become more expensive with the Finance Minister bringing it under the purview of service tax. At present, service tax of 12 per cent does not apply to A/C restaurants that do not serve liquor. “The distinction is artificial, and I propose to levy service tax on all air conditioned restaurants,” he said.

Homes and flats with a carpet area of 2,000 sq ft or more or of a value of Rs.1 crore will also become more expensive as the rate of abatement for this class of buildings has been reduced from 75 per cent to 70 per cent.

Silk clothes made using imported raw materials will become expensive as customs duty on raw silk of all grades has been increased to 15 per cent from 5 per cent. Set top boxes will also become costlier with basic customs duty on the item has been increased 10 per cent from 5 per cent.

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Source: PTI
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