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
5.0 +0.0
Consumer Sentiments Index
Base September-December 2015
94.9 0.0
Consumer Expectations Index
Base September-December 2015
94.8 0.0
Current Economic Conditions Index
Base September-December 2015
95.0 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 17 Sep 17 Dec 17 Mar 18
New projects 2.36 1.34 1.30 2.33
Completed projects 0.87 1.21 1.05 1.26
Stalled projects 2.67 0.69 0.95 3.35
Revived projects 0.23 0.34 0.22 0.18
Implementation stalled projects 0.77 0.78 0.59 1.05
Updated on: 20 May 2018 12:20PM
Quarterly Financials of Listed Companies
(% change) Jun 17 Sep 17 Dec 17 Mar 18
All listed Companies
 Income 9.6 7.9 11.9 10.9
 Expenses 9.9 9.0 12.9 19.0
 Net profit -19.8 -18.1 -14.0 -65.1
 PAT margin (%) 5.3 5.5 4.9 3.0
 Count of Cos. 4,493 4,480 4,443 904
Non-financial Companies
 Income 10.2 8.2 13.2 12.8
 Expenses 10.5 8.1 12.4 14.4
 Net profit -25.1 -6.0 12.6 0.7
 PAT margin (%) 5.2 6.2 6.4 9.5
 Net fixed assets 9.2 18.6
 Current assets 78.6 9.3
 Current liabilities 11.0 12.7
 Borrowings 10.4 -4.1
 Reserves & surplus 5.2 9.2
 Count of Cos. 3,471 3,455 3,441 713
Numbers are net of P&E
Updated on: 20 May 2018 12:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.5 1.7 5.3 1.6
 Expenses 5.6 1.9 5.4 0.7
 Net profit -0.1 -9.6 24.1 7.4
 PAT margin (%) 3.1 2.8 3.5 9.0
 Assets 9.5 10.1 7.0 3.5
 Net worth 8.5 11.5 6.3 3.1
 RONW (%) 5.8 4.9 5.9 14.9
 Count of Cos. 25,724 23,767 20,926 23
Non-financial Companies
 Income 4.8 0.9 5.0 1.6
 Expenses 5.0 0.2 5.4 0.7
 Net profit -8.4 19.7 18.6 8.2
 PAT margin (%) 2.0 2.5 3.0 8.2
 Net fixed assets 13.4 17.2 5.9 5.1
 Net worth 7.0 12.2 4.8 3.3
 RONW (%) 4.7 5.2 6.0 14.0
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 14.4
 Net working capital cycle (days) 66 65 62 35
 Count of Cos. 20,974 19,895 17,449 21
Numbers are net of P&E
Updated on: 03 May 2018 2:18PM

Time series available from 1990 onwards