Mobile phones and accessories are now taxed at 15%. Gold and silver at 6%, platinum at 6.4%. Cancer treatment medicines exempted.
Shrimp and fish feed taxed at 5%. Solar panels, critical minerals, and seafood exempted from tax. EVs and leather goods are also cheaper.
Telecom equipment tax increased to 15% from 10%. Plastic products and ammonium nitrate also see tax hikes.
Govt aims to simplify and rationalize GST structure, affecting the prices of various goods to ensure better compliance and efficiency.
Union Budget 2024's tax reforms impact everyday items. Know what's cheaper and what's costlier to manage your finances better.