New Delhi, Feb 1: Finance Minister Arun Jaitley today presented the Union Budget 2018 in Lok Sabha. The Budget 2018 was different from the 88 previous Budgets because of the Goods and Services Tax (GST) which was imposed on July 1 last year. Usually, a common man avidly waits for the Budget to know what gets costlier or cheaper but there was no suspense left due to the GST.



ItemFrom (Per Cent)To (Per Cent)
Cashew nuts in shell52.5
Ball screws, linear motion guides, CNC systems for manufacture of all types of CNC machine tools7.52.5
Solar tempered glass or solar tempered5NIL
Raw materials, parts or accessories for the manufacture of Cochlear Implants2.5NIL
Other articles of stone containing magnesite, dolomite or chromite107.5
Bricks, blocks, tiles and other ceramic goods of siliceous fossil meals or of similar siliceous earths107.5
Motor spirit commonly known as petrolRs. 6.48 per litreRs 4.48per litre
High speed diesel oilRs. 8.33 per litreRs. 6.33 per litre


ItemFrom (Per Cent)To (Per Cent)
Orange fruit juice3035
Other fruit juices and vegetable juices3050
Cranberry juice1050
Miscellaneous Food preparations (other than soya protein)3050
Perfumes and toilet waters1020
Beauty or make-up preparations and preparations for the care of the skin (other than medicaments), including sunscreen or suntan preparations; manicure or pedicure preparations1020
Preparations for use on the hair1020
Preparations for oral or dental hygiene, including denture fixative pastes and powders; yarn used to clean between the teeth (dental floss), in individual retail packages1020
Pre-shave, shaving or after-shave preparations, personal deodorants, bath preparations, depilatories and other perfumery, cosmetic or toilet preparations, not elsewhere specified or included, prepared room deodorizers, whether or not perfumed or having disinfectant properties1020
Automobile and automobile parts
Specified parts/accessories of motor vehicles, motor cars, motor cycles7.5/1015
CKD imports of motor vehicle, motor cars, motor cycles1015
CBU imports of motor vehicles2025
Truck and Bus radial tyres1015
Silk Fabrics1020
Foot Wear1020
Parts of footwear1015
Cut and polished colored gemstones2.55
Diamonds including lab grown diamonds-semi processed, halfcut or broken; non-industrial diamonds including lab-grown diamonds (other than rough diamonds), including cut and polished diamonds2.55
Artificial Jewellery1520
Cellular mobile phones1520
Specified parts and accessories of cellular mobile phones7.5/ 1015
PCBA of charger/adapter and moulded plastics of charger/adapter of cellular mobile phonesNIL10
Smart watches/wearable devices1020
LCD/LED/OLED panels and other parts of LCD/LED/OLED TVs7.5/1015
Specified parts for manufacture of LCD/LED TV panelsNIL10
Preform of silica for use in the manufacture of telecommunication grade optical fibres or optical fibre cablesNIL5
Seats and parts of seats [except aircraft seats and parts thereof],  Other furniture and parts1020
Mattresses supports; articles of bedding and similar furnishing1020
Lamps and lighting fitting, illuminated signs, illuminated name plates and the like [except solar lanterns or solar lamps]1020
Wrist watches, pocket watches and other watches, including stop watches1020
Clocks with watch movements1020
Other clocks, including alarm clocks1020
Tricycles, scooters, pedal cars and similar wheeled toys; dolls’ carriages; dolls; other toys; puzzles of all kinds1020
Video game consoles and machines, articles for funfair,  table or parlor games and automatic bowling alley equipment1020
Festive, carnival or other entertainment articles1020
Articles and equipment for sports or outdoor games, swimming pools and paddling pools [other than articles and equipment for general physical exercise, gymnastics or athletics]1020
Fishing rods, fishing-hooks and other line fishing tackle; fish landing nets, butter fly nets and similar nets; decoy birds and similar hunting or shooting requisites1020
Roundabouts, swings, shooting galleries and other fairground amusements; travelling circuses, traveling menageries and travelling theatres1020
Candles, tapers and the like1025
Kites,  Sunglasses1020
Date, sealing or numbering stamps, and the like1020
Cigarette lighters and other lighters, whether or not mechanical or electrical, and parts thereof other than flints and wicks1020
Scent sprays and similar toilet sprays, and mounts and heads therefor; powder-puffs and pads for the application of cosmetic or toilet preparations1020
Crude edible vegetable oils like Ground nut oil, Olive oil, Cotton seed oil, Safflower seed oil,  Saffola oil, Coconut oil, Palm Kernel/Babassu oil, Linseed oil, Maize corn oil, Castor oil, Sesame oil, other fixed vegetable fats and oils.12.530
Refined edible vegetable oils, like Ground nut oil, Olive oil, Cotton seed oil, Safflower seed oil, Saffola oil, Coconut oil, Palm Kernel/Babassu oil, Linseed oil, Maize corn oil, Castor oil, Sesame oil, other fixed vegetable fats and oils, edible margarine of vegetable origin, Sal fat2035
Refractory bricks, blocks, tiles and similar refractory ceramic constructional goods, other than those of siliceous fossil meals or similar siliceous earths57.5
Other refractory ceramic goods57.5
Levy of Social Welfare Surcharge on imported goods [other than those mentioned at S. No. 3 to 6 below] to finance education, housing and social security10% of the aggregate duties of customs
Silver (including silver plated with gold or platinum), unwrought or in semimanufactured form, or in powder form3% of the aggregat e duties of Customs
Levy of Road and Infrastructure Cess on imported motor spirit commonly known as petrol and high speed diesel oilRs 8/litre

Last year, Jaitley had presented a budget of Rs 21,47,000 crore, 8.6% higher than the last year’s financial roll out at Rs 19,78,060 crore. In the Budget 2017-18, the finance minister had refrained from making major alterations in indirect taxes, keeping in sight the implementation of the GST on July 1, 2017. Prices for a few items such as gutkha, tobacco, cigarette, paan masala, and cigar soared up. In fact, excise duty was also raised from 4.2 per cent to 8.3 on all tobacco-based products.

The cheaper items included e-tickets as service tax on them was waived off, Customs duty on LNG reduced from 5 per cent to 2.5 per cent and was waived off on solar-powered glass panels.

This year, for Budget 2018, not much was expected on the lists of items that get cheaper or costlier as now the GST Council decides tax rates for goods and services. In the previous Budget, Arun Jaitley had dropped indirect tax proposals making way for the GST. This year, the Budget 2018 for the fiscal year 2018-19 was not the “waited for” event for the masses. As before, people waited for what gets cheaper and what gets costlier for them, which has been dropped off because of GST.