Service tax may move up from 15% to 18% under GST
Thursday, April 13, 2017, 2:56 PM
Services sector is likely to attract a higher tax rate of 18% from the current 15% under the Goods and Services Tax (GST) regime, thus making services "slightly" more expensive, Revenue Secretary Hasmukh Adhia has said. "Yes, for the services sector the standard rate may move to 18%," Adhia told. Those exempted at present -- like healthcare, education and agriculture -- are likely to remain so.