4 slab Service Tax Structure
- The GST Council headed by Finance Minister Jaitley has finalised a 4 slab service tax structure at the reates of 5, 12, 18, and 28 % as against the single rate of 15 % levied on all taxable services.
- Healthcare and Education will be exempt from the GST on services.
- Finance Minister Arun Jaitley said that the net effect of the GST will not be inflationary.
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