The finance minister had announced a "luxury tax" of 1 per cent to be levied on all cars priced over Rs. 10 lakh from June 1.
This extra tax will be collected by the seller of the car and will be applicable on the ex-showroom price.
However, this extra payment could be set off against the total tax liability of the buyer.
Apart from this, services will become costlier from June 1 which means you will have to shell out more for dinning out, travelling, making phones calls buying insurance...
Get Ready To Pay More- Luxury tax and Krishi kalyan
This extra tax will be collected by the seller of the car and will be applicable on the ex-showroom price.
However, this extra payment could be set off against the total tax liability of the buyer.
Apart from this, services will become costlier from June 1 which means you will have to shell out more for dinning out, travelling, making phones calls buying insurance...
Get Ready To Pay More- Luxury tax and Krishi kalyan