Budget Causes Luxury Bags And Goods To Become Expensive, Government Announces | Paisa Live

Starting January 1, 2025, the prices of luxury bags and goods are set to skyrocket due to announcements made in the recent budget. The government has implemented new regulations stating that all luxury goods priced above ₹10 lakh will be subject to TCS (Tax Collected at Source). This change is expected to significantly impact the market for high-end items. To get a comprehensive understanding of these new policies and how they might affect you, watch the video until the end. This update aims to generate additional revenue and regulate the purchase of expensive luxury items, ensuring that higher taxes are collected at the point of sale.