For Quick Alerts
For Daily Alerts
GST rates 2017: Your Ola ride will be cheaper, check this table
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.
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 |
OneIndia News
Comments
Story first published: Saturday, May 20, 2017, 11:06 [IST]