What's Costly and What's Cheap? 10 Takeaways from Budget 2016

Mobile Phone Call Charges

Do get ready to spend more on phone calls or phone bills as service tax on the same shots up to 14pct from the existing 12.36pct. This is approximately going to bring a 1.5pct hike in your phone expense irrespective of the region or connection provider.

Brands Get a Boost

The excise duty levied on readymade products priced 1000 or more shot up and this is expected to alter market price by 2-5pct. To quote Jaitley on this, “I propose to change the excise duty on readymade garments and made up articles of textiles with a retail sale price of 1000 and above from nil without input tax credit or 6pct/12.5pct.”  Allowance of 100pct FDI on branded domestic food products boosts scope for global brands to come in and growth of more local food brands.

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