Two rates for services under GST? Council may examine proposal

Some services could get cheaper, while some others costlier with the Goods and Services Tax (GST) Council likely to examine the option of placing services under two tax slabs—12 and 18 percent. The move will likely even out the overall price impact on consumers who now pay tax of 15 percent on all services, except for 17 categories on the 'negative' list that are exempted. A two-tiered servic…