Revised list of tax rates on services

New Delhi Jan 19: The GST Council in the meeting held on Thursday has decided to revise the tax rates of 29 items and 53 services. The revised tax rates on services are as follows

Exemptions or Nil
# supply of services by way of providing information under RTI Act, 2005 from GST
#legal services provided to Government, Local Authority, Governmental Authority and
Government Entity
# exemption on Viability Gap Funding (VGF) for a period of 3 years from the date of commencement of RCS airport from the present period of one year
# way of transportation of goods from India to a place outside India by air,sea.
#Services provided by the Naval Insurance Group Fund by way of Life Insurance to personnel of Coast Guard under the Group Insurance Scheme of the Central Government.
# dollar-denominated services provided by financial intermediaries located in IFSC SEZ, which have been deemed to be outside India.
#services relating to admission or conduct of examination provided to all educational institutions, services by the educational institution by way of conduct of entrance examination against consideration in the form of the entrance fee.
# fumigation in a warehouse of agricultural produce
# subscription of online educational journals/periodicals by educational institutions
# renting of transport vehicles provided to a person providing services of transportation of students, faculty, and staff to an educational institution.
# services provided by and to FédérationInternationale de Football Association (FIFA)

Reduction of tax rates to 5 %
#small housekeeping service providers through ECO without ITC
# tailoring services (earlier 18 %)
#transportation of petroleum crude and petroleum products (MS, HSD, ATF) 5% from 18 % (without ITC)
#job work for manufacture of leather goods and footwear
#time charter services

Reduction of tax rates to 12 %
#construction of metro and monorail projects (construction, erection, commissioning or installation of original works) earlier 18 %
# Works Contract Services (WCS) provided by sub-contractor to the main contractor providing WCS to Central Government, State Government, Union territory, a local authority.
# transportation of petroleum crude and petroleum products (MS, HSD, ATF) with ITC.
# Common Effluent Treatment Plants services of treatment of effluents earlier 18 %
# mining or exploration services of petroleum crude and natural gas and for drilling services
#services provided by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of building used for providing (for instance, centralized cooking or distributing) mid-day meal scheme

Reduction of tax rates to 18 %
# admission to theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet
# Services given by race-course by way of license to bookmaker which is not a service by way of betting and gambling
#elephant/ camel joy rides with threshold exemption to small services providers

The Council has also clarified some rates and rationalize some exemptions.