What will the mini budget affect?
The government’s mini-budget comes with a single aim: raising more money, Rs170 bn of it.
Although we are still a few hours away from the bill officially being tabled, we do know that the General Sales Tax (GST) will go up from 17% to 18% and the Federal Excise Duty (FED) will also see a hike.
The government charges GST on hundreds of different consumers products that fall under the following categories. And all of them will cost a littler higher from tomorrow.
From food to cigarettes and from perfumes to household appliances, here are the things that are about to get more expensive. Perhaps, your retailer has already jacked up prices, so ask before you make a decision!
• Fruit juices and vegetable juices.
• Ice Cream
• Aerated waters or beverages
• Syrups and squashes
• Cigarettes.
• Toilet soap
• Detergents
• Shampoo
• Toothpaste
• Shaving cream
• Perfumery and cosmetics
• Tea
• Powder drinks
• Milky drinks
• Toilet paper and tissue paper
• Spices sold in retail packing bearing brand names and trade marks
• Shoe polish and shoe cream
• Fertilizers
• Cement sold in retail packing
• Mineral/bottled water
• Household electrical goods, including air conditioners, refrigerators, deep freezers, televisions, recorders and players, electric bulbs, tube-lights, electric fans, electric irons, washing machines and telephone sets
• Household gas appliances, including cooking range, ovens, geysers and gas heaters.
• Foam or spring mattresses and other foam products for household use
• Paints, distempers, enamels, pigments, colours, varnishes, gums, resins, dyes, glazes, thinners, blacks, cellulose lacquers and polishes sold in retail packing
• Lubricating oils, brake fluids, transmission fluid, and other vehicular fluids sold in retail packing.
• Storage batteries excluding those sold to automotive manufacturers or assemblers
• Tyres and tubes excluding those sold to automotive manufacturers or assemblers
• Motorcycles
• Auto rickshaws
• Biscuits in retail packing with brand name
• Tiles
• Auto-parts, in retail packing, excluding those sold to automotive manufacturers or assemblers.
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