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ARTICLE · 02 JUNE 2017

GST Rates On Services Announced

The GST Council in its meeting in Srinagar on 19 May 2017 has considered and finalised GST rates to be applicable for different types of services.

IndiaTax

The GST Council in its meeting in Srinagar on 19 May 2017 has considered and finalised GST rates to be applicable for different types of services. Outlined below are the GST rates of key services:

Major services other than those covered under reverse charge

Sr. no.

Particulars

Effective rate of tax as per the current legislation

Effective rate of tax under GST

Availability of ITC* under the GST regime

1

Renting of immovable property

15%

18%

Available

2

Telecommunication

15%

18%

Available

3

Supply of food/drinks in outdoor catering

15%

18%

Available

4

Transfer of the rights to use goods

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