Poors are crying: Tax on Gold 3%, Tax on beedi (desi cigarette) 28%!There is no end to the misery of the poor! Finance Minister Mr. Arun Jaitley has announced that gold will be taxed at 3% under the new Goods and Services Tax (GST) regime. Rough diamonds will be levied a nominal tax of 0.25%.
The poors can't even imagine purchasing gold or diamond. They get some sort of satisfaction by smoking a simple beedi after hard labour throughout the day. But what is the decision about beedi? The Finance Minister has announced that the tendu leaf (with which beedi is made) will be taxed at 18% and beedis will be levied tax at the rate of 28% in the new tax regime.
Why so much tax is being levied on beedis? Not only poors, but I feel Engineering and Science students will also be adversely affected by this decision. I still remember that we used to smoke 'college beedis' (very small beedis) during the interval between two long periods during my college days and university days.