Dear Professional friends,
The GST Council on 19th May, 2017 has finalised tax rates for Services. Those services already exempted from tax, such as healthcare and education, will continue to enjoy the concession.
The GST Council has finalised the four-slab structure for taxation of services (5%, 12%, 18% and 28%) with a standard rate of 18% that will apply to most of them.
The services have been categorised into six digit codes having Sections, Headings, Group and Service Tariff Codes.
Please find as attached:
1) List of Services under Reverse Charge
2) Schedule of GST rates for services