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Education, healthcare services out of GST purview: Jaitley

Education, healthcare services out of GST purview: Jaitley

New Delhi/Srinagar, May 19 (UNI) Terming that the proposed Goods and Service Tax (GST) consumer-friendly, Finance Minister Arun Jaitley today said healthcare and education sector have been kept out of its ambit. In its meeting, the GST Council has fixed four tax slabs for the services sector – five per cent, 12 per cent, 18 per cent and 28 per cent. Announcing the GST rates for services sector, Mr Jaitley said, 'The GST rates have hardly been increased. They have been either kept at the existing rate or reduced.' The restaurants having turnover of Rs 50 lakh will be taxed at five per cent while AC and non-AC restaurants to be charged at 12 per cent and 18 per cent, respectively under new regime. The luxury hotels to be taxed at 28 per cent, he said. For transport services, the GST Council has fixed the rate at five per cent. Hotels and lodges with a tariff of Rs 1,000 has been exempted from any tax. UNI ASH AE 1637

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23 Feb 2018 | 5:35 PM

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23 Feb 2018 | 5:34 PM

All sectoral indices ended the session on a postive note with BSE
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Sensex recovers by 322.65 pts on brisk buying across board amidst

23 Feb 2018 | 5:32 PM

Mumbai, Feb 22 (UNI) The BSE Sensex recovered on Friday by 322.

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Octo Telematics analyses 186 bn miles of IoT generated driving data

23 Feb 2018 | 5:13 PM

New Delhi, Feb 23 (UNI) Insurance telematics major Octo Telematics on Friday announced to introduce innovations for insurance by aggregating 186 billion miles of driving data from connected cars and using Cloudera Enterprise to predict and model driver risk.

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HCL announces new solution to tap 5G market

23 Feb 2018 | 5:12 PM

New Delhi, Feb 23 (UNI) Information Technology major HCL Technologies (HCL) on Friday announced a fully configurable, flexible 5G and mobile backhaul solution for Xilinx all programmable Zynq UltraScale+ MPSoC devices.

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