Healthcare & education exempted from GST

Telecom, financial service to be taxed at 28%

by Janhavi Behere

The GST council decided on a four-slab structure for services under the GST. Services will be taxed at five per cent, 12 per cent, 18 per cent and 28 per cent. Finance minister Arun Jaitley has stated that tax rate for most services has been maintained at current levels or has been lowered. Services that are currently exempted such as traveling on metro, local trains and religious travel will continue to remain outside the ambit of GST. The council has still not decided the tax rate for gold, bidis and cigarettes. The next GST meeting has been scheduled to take place on 3 June 2017.

Tax rate for services
Services Tax rate (%)
Healthcare Exempted
Education Exempted
E-commerce 1(TDS)
Cab aggregators like Ola, Uber 5
Railways, economy air travel 5
Business class air travel 12
Restaurants  
  Turnover <5 mln 5
  Non-AC 12
  AC that serve liquor 18
Hotels  
  Tariff <1,000 Exempted
  Tariff 1,000-2,000 12
  Tariff 2,500-5,000 18
  Luxury hotel 28
Telecom 18
Financial 18
Race club betting 28
Cinema 28

References
1. http://www.hindustantimes.com/business-news/gst-council-finalises-tax-on-services-exempts-education-healthcare/story-If0ykwp3WsVfet66TG9PmK.html
2. http://economictimes.indiatimes.com/news/economy/policy/services-wont-pinch-much-healthcare-and-education-exempted-from-gst-list/articleshow/58749069.cms
CMIE STATISTICS
Unemployment Rate
Per cent
3.6 -0.1
Consumer Sentiments Index
Base September-December 2015
95.8 -0.2
Consumer Expectations Index
Base September-December 2015
96.8 0.0
Current Economic Conditions Index
Base September-December 2015
94.1 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 16 Dec 16 Mar 17 Jun 17
New projects 2.37 1.46 2.92 1.64
Completed projects 2.23 0.94 1.81 1.10
Stalled projects 0.65 1.01 0.35 2.45
Revived projects 0.91 0.17 0.62 0.29
Implementation stalled projects 0.37 0.81 0.33 0.64
Updated on: 17 Aug 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 16 Dec 16 Mar 17 Jun 17
All listed Companies
 Income 2.1 6.2 10.3 10.2
 Expenses 1.9 6.4 11.9 10.2
 Net profit 14.6 40.3 17.9 -16.1
 PAT margin (%) 6.9 6.1 6.1 6.0
 Count of Cos. 4,495 4,496 4,398 2,707
Non-financial Companies
 Income 0.6 6.0 11.8 10.8
 Expenses -0.2 7.3 15.5 10.7
 Net profit 26.6 24.6 -1.1 -20.6
 PAT margin (%) 6.9 6.2 6.3 6.1
 Net fixed assets -9.2 7.6
 Current assets 8.1 2.2
 Current liabilities 11.6 8.6
 Borrowings 3.1 4.9
 Reserves & surplus 8.4 6.5
 Count of Cos. 3,481 3,486 3,419 1,975
Numbers are net of P&E
Updated on: 17 Aug 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.6 10.0 4.9 1.0
 Expenses 12.8 9.8 5.0 1.2
 Net profit 0.9 -2.3 1.3 -15.2
 PAT margin (%) 3.5 3.2 3.2 3.0
 Assets 14.3 12.3 9.3 8.8
 Net worth 9.6 9.6 8.8 7.6
 RONW (%) 6.8 6.2 6.1 5.3
 Count of Cos. 25,384 22,944 22,236 18,452
Non-financial Companies
 Income 11.9 9.7 4.1 0.0
 Expenses 12.2 9.3 4.2 -0.6
 Net profit -8.6 -2.6 -6.1 6.3
 PAT margin (%) 2.4 2.2 2.2 2.7
 Net fixed assets 12.9 11.6 13.0 13.9
 Net worth 7.8 8.6 7.4 6.9
 RONW (%) 5.5 5.1 4.9 5.6
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 2.0 1.9 2.0
 Net working capital cycle (days) 72 69 67 67
 Count of Cos. 19,804 18,286 17,814 15,125
Numbers are net of P&E
Updated on: 04 Aug 2017 3:37PM

Time-series available since 1992-93