GST council finalises tax on services, exempts education, healthcare
The all-powerful goods and service tax (GST) Council on Friday finalised tax rates for services under the GST regime, scheduled to kick-in from 1 July.
Healthcare and education would be exempted from GST.
Kerala finance minister Thomas Issac said there will be four rates for services at 5, 12, 18 and 28%, similar to tax slabs for goods.
The tax rate on gold has not been finalised yet, he said, adding that the Council will meet again on 3 June.