GST council accommodates nearly 500 services under four slabs

Over 500 services had been slotted in a slab of 5 per cent, 12 per cent, 18 per cent, and 28 per cent. Categories that are out of tax includes health care and education.
  
The rates of six categories of products, including bidis, gold, agriculture implements, textile, footwear and bio-diesel will be decided in next round of meeting probably on June 3 in New Delhi.

Transportation through road, air and railway will come in 5 per cent tax slab. Five-star hotels, gambling, race, club betting and cinema are put in the highest bracket of 28 per cent. Hotel with tariff between Rs 1,000 and Rs 2,500 will be taxed at 12 per cent and those tariff between Rs 2,500 and Rs 5,000 will come under 18 per cent and above Rs 5,000 will fall under 28 per cent slab. And hotels below Rs 1000 tariff are exempted.
 
For non-air conditioned restaurants tax levied is 12 per cent while air-conditioned restaurants will be under 18 per cent tax bracket.  Restaurants with a turnover of up to Rs 50 lakh have the option of taking advantage of composite rate of 5 per cent.

Services which are currently taxed at 15 per cent will be fitted into 18 per cent slab. While financial services, insurance and telecom will be taxed at 18 per cent, for e-commerce companies 1 per cent against a provision of up to 2 per cent