GST on Gold to be Finalized on 4th June

New Delhi: Cost of healthcare services and education in India are set to become cheaper once GST comes into force from July 1.

Healthcare and educational services have been exempted from the purview of the Goods and Services Tax (GST). The decision was taken in a meeting of GST Council led by Finance Minister Mr. Arun Jaitley in which the tax bracket for gold was not finalised.

Kerala Finance Minister Mr. Thomas Isaac said that no consensus could be reached on the rate to apply on gold, and that the next meeting of the GST Council has been fixed for June 4.

"We could not come to a decision in this meeting on the rate to apply on gold," Issac said.

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