GST Rate for Services (GST Service Rate Chart PDF 2017)

Schedule of GST Rate for Services in India for 2017 have been provided as Item Wise list and available in PDF Download. The Rates of GST is different for Goods and Services. All GST Rate for Services in India was approved by the GST Council yesterday. You should understand that, these GST Rate for Services will be changed every year based on the feedback from the suppliers and the representatives of the State Governments of India. Services under GST include Coaching Classes Services, Medical Services, Professional Services etc. The Rate of GST is different in each case.

Schedule of GST Rate for Services

  1. 5% Rate – Transport Services, Taxi Services and more
  2. 12% Rate – Construction Services and more
  3. 18% Rate – Circus, Restaurant Services etc
  4. 28% Rate – Hotel Accommodation Services and more

Download GST Rate for Services Schedule in PDF

Below we have provided the total list of GST Rate for Services in PDF format and divided into the each tax slab rate.

GST Rate for Services in PDF

GST Transport Services Rates

Business class air travel will attract 12% GST while economy tickets will face 5%, bringing down the cost of travel for the latter. In the case of railways, AC rail travel will face 5% GST with the facility of input credit of services, while sleeper, metro ticket and seasonal passes will remain exempt. Railway freight will face 5% tax with input tax credit for services.

GST Restaurant Services Rates

In the case of restaurants, non-AC establishments and those that don’t serve liquor will attract 12% GST. Smaller restaurants with less than Rs 50 lakh annual turnover can avail of the composition scheme with 5% GST. This is a simplified system meant for small businesses.

GST Rentin Services Rate

Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff of Rs 2500 and above, but less than Rs 5000  per room per day, will also attract a GST rate of 18 percent.

GST Rate for Services are Standard Across

The above mentioned GST Rate for Services appply to all the following States such as  Andhra Pradesh (AP), Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha (Orissa), Punjab, Rajasthan, Sikkim, Tamil Nadu (TN), Telangana, Tripura, Uttar Pradesh  (UP East & UP West), Uttarakhand, West Bengal(WB).

About Service Sector in India and impact on GST Rates

The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.

The Indian services sector which includes financial, banking, insurance, non-financial/business, outsourcing, research and development, courier and technical test analysis, has attracted the highest amount of FDI equity inflows in the period April 2000-December 2016, amounting to about $58.345 billion which is about 17.99 per cent of the total foreign inflows, according to the Department of Industrial Policy and Promotion (DIPP).

The Indian digital classifieds industry is expected to grow three-fold to reach $1.2 billion by 2020, driven by growth in horizontal classifieds like online services, real estate and automobiles

The services sector is the key driver of India’s economic growth. The GST Rate on Services sector contributed around 66.1 per cent of its Gross Value Added growth in 2015-16, thereby becoming an important net foreign exchange earner and the most attractive sector for FDI (Foreign Direct Investment) inflows.! As per the first advance estimates of the Central Statistics Office (CSO), the services sector is expected to grow at 8.8 per cent in 2016-17.

International Finance Corporation (IFC) said that GST Services Rate, the investment arm of World Bank, plans to invest around US$ 10 million Bengaluru-based online freight-booking service provider Zinka Logistics, which will be used to expand Zinka’s service offerings and further technology development.

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Conclusion: GST Rate for Services

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According to a report by leading research firm Market Research Store, the Indian telecommunication services market is expected to grow by 10.3 per cent year-on-year to reach $103.9 billion by 2020.