Reading the comments all I can say again is all the commentators are kanas trying to be rajas amongst the blind.
GST fyi is a multistage tax just like VAT (I deal with this byatch monthly for clients) so get it straight k ye single point tax nahi hae dumbos.
2ndly regarding hybrid cars. Vide an SRO issued in Sept Oct 2012 the duty on import of hybrid cars was slashed by 75% (i.e a 75% exemption was given). The duty on hybrid cars of any engine class was a flat 25% got it.
This budget has actually INCREASED the duty on hybrid cars aqal k andho!!!
There are only 2 commercially available hybrid cars below 1200CC, VW Golf & a car by Kia & both of those even after the 100% exemption are more expensive than a Prius or that Honda hybrid.
Moronic budget presented by a money laundering moron defended by even bigger morons IMO.
Btw the person who called me out on the budget being business friendly bad? It is bad because it is BIG BUSINESS friendly at the cost of SME's & salaried class & various other reasons.
Btw industry pays income tax (this to the incometax wala genius) = 0. Got it! It just deducts the tax at source for employees & deposits it. Of this 64% is deposited by the service industry sector. Where are the formal manufacturing, raw material extraction, processing & other industries in this? Where is agriculture's share in this huh?
They all hire workers on daily wage basis. Pay in cash & not a single pai is paid by them in any sort of tax due to window dressing of accounts. Management accounts or or tax accounts or & there is a humongous difference in the two sets of books.
Beghairat tabqa, beghairat tabqay ki beghairat hakoomat.
I hate all the industrialists, land holders, wholesalers, retailers & the tax chor SME sector. Is mulk ki economic tabahi ki wajah ye loag haen busss! Pichlay 7-8 saal se ye sara dekh raha houn or andar hi andar kurh raha houn.
you forgot to mention a very important fact: these so called businessmen have not done a single days honest work i their lives..all their "business" is based on manipulation of regulations [raise/lower duties/ levies etc/] in order to gain unfair advantage their overseas business is only based on property dealing -bought with this money- they can, in no way, be compared to indian business houses with their overseas industry etc.
the "budget" is big farce like everything else--all the taxes will be paid by those who are already pauying taxes i.e. the poor, helpless and salaried ppl--the robber barons will have no taxes levied and the whole goals will fall far short and they will run to IMF, WB, ADB etc...