The GST Council on Friday finalised tax rates for services under the GST regime, scheduled to be rolled out from July 1.

There will be four rates for services at 5%, 12%, a standard rate of 18% and luxury rate of 28%.

Healthcare and education will be exempted from GST.

GST bill is going to be consumer friendly. Healthcare and education to be exempted: FM * A set of services were exempted at present. Most have been grandfathered and those exemptions will continue, says Arun Jaitley.

Source: India Samvad