Twitter Not Amused As Umbrellas Become More Expensive, Diamonds Cheaper
NDTV
Duty on umbrellas is being raised to 20 per cent
Finance Minister Nirmala Sitharaman in her Union Budget 2022 speech announced several changes to customs duty that will, in turn, affect the prices of different commodities. While concessions in the customs duty levied on mobile phone parts and other electronics will mean a reduction in their prices, cut and polished diamonds and other gemstones are also set to become cheaper. At the same time, one commodity is all set to become more expensive. The duty on umbrellas is being raised to 20 per cent, which means that umbrellas -- lifesavers in sun and rain -- are all set to become costlier. The highlight of the budget was 20% duty increase on Umbrella ????????#Budget2022#BudgetSession2022 Wat a disgraceful budget. Nothing for middle class. Tax on umbrella ? Really??? What is the total Turnover of Umbrella's In INDIA ?What is the reason for hike in Tax on Umbrella's ? #BudgetSession2022 Looks like it's not a flashy budget overall , the middle class can't even shade themselves under an umbrella as the it will get costlier as well ! Customs duty slashed on diamond jewellery (for the rich) while tax on umbrella, agri machinery increased (used by common people)Shows the priority of this govt #Budget2020 Of course Tax exemption for diamond but more tax for umbrella ????????♂️????????♂️ Easier to buy diamonds, essential good. Why we need umbrella when we are traveling in car you know ???? Diamond hua sasta Aur Umbrella Mehanga, Kyunki Baarish toh Kabhi-Kabhi aati hai and Diamonds are forever.
The move to raise duty on umbrellas both puzzled and amused social media users. Take a look at some reactions to the "umbrella tax":
