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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 | 9:46 PM

Earlier in the day, a business delegation headed by Ms Chutima Bunyapraphasara, Deputy Minister of Commerce, Thailand, met Minister Rama Rao on the sidelines of BioAsia 2018.

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Biocon to set R&D unit in Telangana

23 Feb 2018 | 9:28 PM

Hyderabad, Feb 23 (UNI) One of the largest biopharmaceutical companies in the country Biocon, based in Bangalore, will be expanding current presence in Hyderabad on APIs (Active Pharmaceutical Ingredients) / Intermediates to add 500 new jobs.

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Turtle launches new flagship store at Sodepur

23 Feb 2018 | 9:05 PM

Kolkata, Feb 23(UNI) Turtle, one of India’s leading men’s lifestyle brands, launched their
Exclusive Flagship outlet at Station Rd, Sodepur in North 24 parganas district today.

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Finance Ministry inks agreement with NBCC for housing project

Finance Ministry inks agreement with NBCC for housing project

23 Feb 2018 | 7:40 PM

New Delhi, Feb 23 (UNI) The department of economic affairs and National Buildings Construction Corporation (NBCC) on Friday inked an agreement for construction of housing project for Indian Economic Service (IES) Officers.

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Micromax launches Ayurveda Series of ACs

23 Feb 2018 | 7:30 PM

New Delhi, Feb 23 (UNI) Consumer electronics brand Micromax Informatics on Friday announced the launch of three new air conditioners under its ‘Ayurveda Series.

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