GST council finalises tax on services, exempts education, healthcare

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Srinagar: 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.

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