Centre, states taxmen to decide services rate in GST this week

Tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the Goods and Services Tax (GST) regime from July 1. While the GST Council had previously decided on a four- tier rate structure of 5, 12, 18 and 28 percent, its fitment committee will hold its first meeting this week on slotting different se…