Here’s the list of GST rate for services; 28% for luxury hotel services, healthcare exempted

Indian Finance Minister Arun Jaitley announced tax rates under the Goods and Services Tax (GST) regime. While announcing the slabs in Srinagar, Jaitley said the GST Council completely adopted rates for services.

“Four tax slabs for services-5%, 12%, 18% (standard rate), 28% (luxury services),” said Jaitley. He said the net effect of the GST will not be inflationary.

On Thursday, the Indian government, which aims to rollout GST from Jul 1, had finalised tax slabs for goods that ranged between 5-28%. The rates were fixed for more than 1200 items. Out of these, GST rates on all except six categories were decided.

Today, Jaitley listed out the tax slabs for services. Here’s a look for different categories