Ministry of Skill Urges Finance Ministry to Lower GST Rate on Manpower Services
Skill Ministry urges manpower services as merit services that way the GST rate can be lowered from 18% to 5%, Indian Staffing Federation supports this proposal
By Kavi Priya - On November 24, 2024 11:08 am - 2 mins read
The Ministry of Skill Development and Entrepreneurship (MoSD) has proposed classifying manpower services as “merit services” under the Goods and Services Tax (GST) regime. If accepted, this could reduce the GST rate on these services from 18% to 5% making them more affordable for businesses and potentially transforming the labor market. According to The Hindu,…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
