New Delhi: A lot of work still needs to be done in GST-free goods, especially the services sector, Revenue Secretary Tarun Bajaj said on Tuesday. To address CII interactive session, Bajaj Said that the effort is to remove the “rough edges” GST In two to three years.
On rationalization of GST rates, the Secretary said that a Group of Ministers is considering it. “We will have to wait for some time,” he said. Discounts still remain, with a large number on the services side, Bajaj said, adding that “work needs to be done to bring it down”.
On whether 5% GST on non-ICU hospital rooms above Rs 5,000 is against affordable healthcare, Bajaj said the percentage of rooms in hospitals that charge more than Rs 5,000 is “modest”.
Bajaj said, “If I can spend Rs 5,000 on a room, I can pay Rs 250 for GST. I see no reason for such a message that 5% GST will affect affordable healthcare. Used to be.”
The secretary said that the 28% slab in GST contributes 16% to the gross GST revenue, while a major chunk of 65% comes from the 18% slab.
The slabs of 5% and 12% contribute 10% and 8% to the total gross GST revenue.
On rationalization of GST rates, the Secretary said that a Group of Ministers is considering it. “We will have to wait for some time,” he said. Discounts still remain, with a large number on the services side, Bajaj said, adding that “work needs to be done to bring it down”.
On whether 5% GST on non-ICU hospital rooms above Rs 5,000 is against affordable healthcare, Bajaj said the percentage of rooms in hospitals that charge more than Rs 5,000 is “modest”.
Bajaj said, “If I can spend Rs 5,000 on a room, I can pay Rs 250 for GST. I see no reason for such a message that 5% GST will affect affordable healthcare. Used to be.”
The secretary said that the 28% slab in GST contributes 16% to the gross GST revenue, while a major chunk of 65% comes from the 18% slab.
The slabs of 5% and 12% contribute 10% and 8% to the total gross GST revenue.