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
4.6 -0.0
Consumer Sentiments Index
Base September-December 2015
96.3 +0.7
Consumer Expectations Index
Base September-December 2015
95.7 +0.9
Current Economic Conditions Index
Base September-December 2015
97.3 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Dec 16 Mar 17 Jun 17 Sep 17
New projects 2.33 3.83 2.07 1.03
Completed projects 1.01 1.94 1.16 1.00
Stalled projects 1.14 0.73 2.67 0.67
Revived projects 0.18 0.67 0.30 0.29
Implementation stalled projects 0.83 0.33 0.68 0.62
Updated on: 15 Dec 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Dec 16 Mar 17 Jun 17 Sep 17
All listed Companies
 Income 6.2 10.2 9.8 8.2
 Expenses 6.3 11.9 10.0 9.4
 Net profit 40.2 16.0 -19.6 -18.1
 PAT margin (%) 6.0 6.0 5.3 5.6
 Count of Cos. 4,509 4,444 4,325 4,156
Non-financial Companies
 Income 5.9 11.8 10.4 8.1
 Expenses 7.2 15.6 10.6 8.0
 Net profit 24.5 -2.3 -25.0 -5.4
 PAT margin (%) 6.2 6.2 5.2 6.4
 Net fixed assets 6.9 9.3
 Current assets 2.7 80.1
 Current liabilities 8.8 10.2
 Borrowings 4.8 10.5
 Reserves & surplus 6.3 5.3
 Count of Cos. 3,484 3,440 3,358 3,226
Numbers are net of P&E
Updated on: 15 Dec 2017 8:20PM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.2 1.1 6.7
 Expenses 9.9 5.2 1.2 6.9
 Net profit -2.3 1.4 -13.1 20.6
 PAT margin (%) 3.2 3.2 2.9 6.4
 Assets 12.3 9.4 9.7 8.6
 Net worth 9.6 8.7 10.6 7.9
 RONW (%) 6.2 6.1 5.1 9.2
 Count of Cos. 24,045 23,818 20,791 4,756
Non-financial Companies
 Income 9.7 4.3 0.1 6.7
 Expenses 9.3 4.5 -0.6 7.5
 Net profit -2.7 -5.8 11.6 14.6
 PAT margin (%) 2.2 2.1 2.6 6.3
 Net fixed assets 11.6 13.3 15.5 7.3
 Net worth 8.1 7.1 11.0 6.3
 RONW (%) 5.1 4.9 5.4 10.3
 Debt / Equity (times) 1.1 1.1 1.1 0.7
 Interest cover (times) 2.0 1.9 2.0 3.4
 Net working capital cycle (days) 69 67 66 49
 Count of Cos. 19,288 19,270 17,281 3,624
Numbers are net of P&E
Updated on: 04 Dec 2017 11:59AM

Data added for HPI at Assessment prices and HPI at Market prices