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GST rates 2017: Your Ola ride will be cheaper, check this table

By Vicky

| Published: Saturday, May 20, 2017, 11:06 [IST]

The Goods and Service Tax (GST) has been a key announcement. It has caught the attention of the markets considering its implications on earnings of companies. A large number of items have been kept under the 18 per cent tax slab by the government.

GST rates 2017: Your Ola ride will be cheaper, check this table

Eating out at small restaurants and dhabas, hiring a cab or staying in a non-5 star hotel will be cheaper under the new Goods and Services Tax regime. Sectors such as education, public health and transport would be exempt.

Here we provide you with a table for your convenience where you can easily check what will cost more and what would be cheaper.

Service	GST rate	High and low
Education	0%	No change
Health	0%	No change
Transport
Cabs like Ola, Uber	5%	Lower
Metro, local train	0%	No change
Non-AC train	0%	No change
AC train	5%	Lower
Air economy class	5%	Lower
Air business class	10%	Lower
Entertainment and leisure
Cinema	28%	Lower
Eateries
Dhabas (With annual sales under Rs50 lakh)	5%	Lower
Non-AC restaurant	12%	Lower
AC restaurants, bars	18%	Lower
5-star hotels	28%	Higher
Hotels with tariff
Up to Rs 1,000/day	0%	Lower
Rs 1,000-2,000/day	12%	Lower
Rs 2,000-5,000/day	18%	Higher
Above Rs 5,000/day	28%	Higher
Telecom	18%	Higher
Financial services	18%	Higher