The Goods and Services Tax (GST) council on Thursday fixed tax rates on 1211 items, most of which will likely become cheaper as the new rates will be lower than the current effective levies.The tax rates will be 5, 12, 18 and 28 % - in line with those applying to goods.
The all-powerful GST Council today finalised tax rates for services under the Goods and Service Tax (GST) regime, scheduled to kick-in from July 1. Healthcare and education would be exempt from GST.
Telecoms and financial services will be taxed at a standard rate of 18 percent while transport services will be taxed at 5 percent, Jaitley told reporters after a meeting of the GST Council in Srinagar, summer capital of Jammu and Kashmir state.Here’s how prices of goods could move after the new GST rates kick-in from July 1, 2017:
Click Here https://www.marketmagnify.com/freetrial.php or Just Give a Missed Call @7879881122.
No comments:
Post a Comment