NEW DELHI May 19 India has finalised four tax
rates that will apply to services including telecoms, insurance,
hotels and restaurants under a new sales tax which should be
rolled out on July 1, Finance Minister Arun Jaitley said on
The tax rates will be 5, 12, 18 and 28 percent - in line
with those applying to goods, .
Telecoms and financial services will be taxed at a standard
rate of 18 percent while transport services will be taxed at 5
percent, Jaitley told reporters after a meeting of the GST
Council in Srinagar, summer capital of Jammu and Kashmir state.
(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by