GST RATES AND CLASSIFICATION FOR CERTAIN SERVICES

GST rates for services are divided into four categories: 5%, 12%, 18%, and 28%.

Services such as transportation, healthcare, and education are exempt from GST.

Services such as hotels, restaurants, and movie tickets fall under the 5% GST category.

Services such as telecom, financial services, and IT fall under the 18% GST category.

Services such as luxury hotels, amusement parks, and race clubs fall under the 28% GST category.

The GST rate for services provided by banks and insurance companies is 18%.

The GST rate for services provided by e-commerce operators is 1%.