Economy

Healthcare, education exempted from GST

Nearly 300 hospitals that are members of the Federation of Healthcare Associations have demanded settlement of dues.

Nearly 300 hospitals that are members of the Federation of Healthcare Associations have demanded settlement of dues.   | Photo Credit: M.A. Sriram

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The new GST regime is all set to be rolled out on July 1.

The Goods and Services Tax (GST) Council on Friday exempted healthcare and education from the tax, which is scheduled to kick-start from July 1, Finance Minister Arun Jaitley said on Friday. The tax rate on gold has not been finalised yet. The Council will meet again on June 3.

While the cinema entertainment tax has been fixed at 28%, 18% tax will be levied on mobile and financial services, Mr. Jaitley said. "Most services exempted from the tax will continue to be exempted under the GST."

Travelling on the metro and local train will be exempted. Also on the exemption list is religious travel like Haj.

 

On Thursday, the Council agreed on the fitment of almost all commodities in the various tax slabs under the new indirect regime.

Click here for the full list of GST rates for goods

Click here for the full list of GST Compensation Cess Rates for different supplies

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(With inputs from PTI)

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Printable version | Jan 22, 2020 8:16:27 PM | https://www.thehindu.com/business/Economy/healthcare-education-exempted-from-gst/article18507649.ece

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