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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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Rupee depreciates by 33 paise to close at 66 12 against USD, 13-mnth low

20 Apr 2018 | 5:41 PM

Mumbai, Apr 20 (UNI) The rupee on Friday depreciated by another 33 paise for the fifth consecutive
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MRPL wins BML Munjal award for Business Excellence

20 Apr 2018 | 5:34 PM

New Delhi, Apr 20 (UNI) : Mangalore Refinery & Petrochemicals Limited (MRPL) won the prestigious BML Munjal Award for Business Excellence through Learning and Development.

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MARKET-GUJ-BULLION

20 Apr 2018 | 5:27 PM

Ahmedabad, April 20 (UNI) The Ahmedabad Bullion market showed a
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MARKET-GUJ-GRAIN

20 Apr 2018 | 5:27 PM

Ahmedabad, April 20 (UNI) The Ahmedabad grain market ruled steady
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MARKET-GUJ-SUGAR

20 Apr 2018 | 5:25 PM

Ahmedabad, April 20 (UNI) The Ahmedabad Sugar market ruled firm here
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