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of <h1>GST Council Sets Rates: 5% on Vessel Transport, 18% on Mid-Priced Rooms, 28% on Luxury Rooms, 12-28% on Lotteries.</h1> The GST Council, in its 17th meeting, decided on specific GST rates for services and lotteries. Transport of goods by vessels will have a 5% GST rate with input tax credit (ITC). Accommodation services are taxed at 18% for rooms priced between Rs. 2500 and Rs. 7500, and 28% for rooms priced Rs. 7500 and above, both with full ITC. Food and drinks in air-conditioned restaurants in 5-star hotels will attract an 18% GST with full ITC. Lotteries run by state governments will have a 12% GST, while those authorized by states will face a 28% GST.
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