The GST Council would again meet on June 3.
Telecom and financial services, Jaitley said, would attract GST at 18 per cent, and race clubs, betting and cinema halls at 28% per cent. E-commerce players like Flipkart, Snapdeal will have to deduct 1% TCS (tax collected at source) while making payments to suppliers, said Revenue Secretary Hasmukh Adhia.
Maharashtra Finance Minister Sudhir Mungantiwar had earlier told Business Standard that services currently exempt would continue to be exempt under GST. The Council was yet to decide on the tax bracket for gold under GST, Kerala Finance Minister Thomas Isaac had said.
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