Household budget: Cars, branded clothes, air travel to cost more

Planning to buy a car, jewellery or branded clothes? Do it now. From April 1, the prices of these goods might see an increase. Indian stock market astrology prediction

Similarly, aerated drinks, mineral water, travel packages, coaching classes and beauty parlour services might also cost more, as the Budget has proposed increasing service tax and cess on such items.  Himanshu Tiwari Astrologer Blog
 
"There is an estimated net rise in tax revenue by almost Rs 20,000 crore," said Rajeev Dimri, leader-indirect tax, BMR & Associates LLP. "This will come from the multiple cesses and will add to the cost of transaction for consumers."  Sensex Astrology 

A new cess called the Krishi Kalyan Cess (KKC) has been introduced on all taxable services at 0.5 per cent. This will effectively increase the service tax rate to 15 per cent. "But, this is not uniform and one has to see what the exemptions are," said M S Mani, senior director, Deloitte in India.

For instance, in case of tour operators, the abatement on service tax was either 60 per cent or 75 per cent, which has now been rationalised at 70 per cent. So the rates might go up in some cases and come down in others. Personal Numerology

Similarly, the abatement on service tax in case of residential units under construction has been rationalised at 70 per cent. Earlier it was 75 per cent for houses with carpet area of more than 2,000 sq ft or costing more than Rs 1 crore. It was 70 per cent for houses less than 2,000 sq ft or less than Rs 1 crore.  Stock Market Trading Tips