|
S.NO |
PARTICULARS |
PRE-BUDGET |
POST-BUDGET |
|
1 |
Aviation Turbine Fuel |
25% |
4% |
|
2 |
Light Diesel Oil |
14% |
5% |
|
3 |
Industrial Lubricants |
14% |
5% |
|
4 |
Electrical Panel &
Components |
14% |
5% |
|
5 |
Materials used in
Construction of House like :
a)
Glass
b)
Glass Sheet
c) Toughened Glass |
14% |
5% |
|
6 |
Electro-forged Grading |
5% |
2% |
|
7 |
Plant and machinery used in
Captive Power Plants (Only on Declaration) |
5% |
2% |
|
8 |
Re-rolled Products |
5% |
4% |
EXEMPTION FROM TAX –
As an initiative towards Clean India, exemption of VAT on bio-toilets was announced. In order to encourage fast-track construction of affordable housing, precast and monolithic Concrete products, Flyash tiles and paver blocks are made tax-free.
|
S. NO |
PARTICULARS |
PRE-BUDGET |
POST-BUDGET |
|
1 |
Super
structure Bio-Toilets |
14% |
Exempted |
|
2 |
Precast and
monolithic Concrete products |
5% |
Exempted |
|
3 |
Flyash
Tiles |
5% |
Exempted |
|
4 |
Paver
Blocks |
5% |
Exempted |
MOBILIZATION OF RESOURCES-
VAT has been imposed on the following items :
|
S.NO |
PARTICULARS |
PRE-BUDGET |
POST-BUDGET |
|
1 |
Cloth |
Exempted |
1% |
|
2 |
Sugar |
Exempted |
1% |
EASE OF DOING BUSINESS-
1. Traders having an annual turnover of upto Rs.1 Crore, are exempted from filing quarterly returns. Earlier, traders having annual turnover of upto
Rs.60 lakhs were exempted from filing quarterly returns.
2. E-payment of taxes has been made compulsory for all tax-payers.
ENTRY TAX –
1. Inputs used in the manufacture of Bio-toilets are exempted from Entry Tax.
2. Materials like pre-cast, pre-fabricated, monolithic concrete products used for construction of House under Affordable Housing in Partnership Scheme are exempted from Entry Tax.
3. Entry Tax on Rice-bran is exempted.
4. Zinc used in pipe galvanizing will be exempted from Entry Tax.
5. Entry tax exemption has been extended to investments in plant and machinery upto Rs.5 Crores, as against the existing exemption limit of
Rs.1 Crore.
6. Entry tax on raw-materials from mines will be charged by the government from time to time at per metric tonne. It was earlier charged on the market value of goods.
7. No entry tax for sugar and cloth.
