GST: Telecom, biz-class airfare costly; edu, healthcare exempt

26 Mai, 2017, 13:32 | Author: Marc Bacque

The council had earlier decided a five-slab structure of 0%, 5%, 12%, 18% and 28%.

"Levying GST at the demerit rate of 28% for 5-star hotels could be a dampener for tourism, especially in cases of business travel in a State where the recipient does not have registration", Sachin Menon, national head, Indirect Tax, KPMG in India, said.

Five per cent rate will also apply to cab aggregators like Ola and Uber, which now pay 6 per cent tax.

Jaitley on Friday said, "Cinema halls are now paying a service tax of 15 per cent plus a state entertainment tax that ranges from 28 per cent to about 100 per cent".

Five per cent rate will also apply to cab aggregators like Ola and Uber, which now pay 6 per cent tax. Travelling on metro, local train and religious travel including Haj yatra will all continue to be exempt from GST, Revenue Secretary Hashmukh Adhia said.

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Notwithstanding the effective tax cut on cinema halls under GST due to subsuming of entertainment taxes, movie ticket prices may not change after GST rollout in July. After GST is inducted, telephone bills will be classified in 18% and 12% tax bracket respectively.

COAI, a global leader of innovative mobile communications infrastructure, products and services, said that telecom sector is disappointed to the GST rate announced at 18 per cent as it will further stress the already bleeding sector. Restaurants with R50 lakh or below turnover will go under the 5 per cent composition, he said. "However, the benefits of GST on business practises and company strategies will be seen only in the medium term of 1-3 years", its research wing said.

E-commerce players like Flipkart, Snapdeal will have to deduct 1 per cent TCS (tax collected at source) while making payments to suppliers.

There will be no tax on lottery.

Foodgrain, milk, cereal, toiletries and a bulk of consumer items will become cheaper once the GST regime kicks in on July 1. "We are in a state of readiness".

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