GST- Tax on services finalized; education, healthcare exempted


The GST Council has decided that health and education would be kept out of the new regime.

Service tax rates have been kept similar to that of goods: 5%, 12%, 18% and 28%.

In hospitality, five-star hotels will levy 28% tax, AC restaurants 18%, while those with Rs. 1,000-2,500 tariff will charge 12%.

Transport services will charge 5% cess, while entertainment will charge 18%.

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