Telecom, Business Class Airfare Costly; Education, Healthcare Exempt

Education and healthcare will continue to be exempted from tax in the upcoming GST regime that will see service tax incidence go up on telecom, business class air travel, insurance and sale of newspaper space for advertisement. Transport services will be taxed at 5 per cent leading to a small drop in economy class air travel which currently attracts 6 per cent service tax. Non AC train travel, inc…