Reduce or Abandon GST for Skill Development Training Programs!
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Training partners are one of the key stakeholders in the skill development value chain, and they are concerned about what will be the impact of Goods and Services Tax (GST) on Skill Development Training Programs. The article raises general concern that we can try to mitigate the complexities and apparent ambiguities with the rolling of GST for skill development training programs.
We request the Prime Minister, Finance Minister, and Ministry of Skill Development to remove or reduce the GST for the Skill Development Training. The relaxing or levying off the GST will be a privilege for the service sectors to progress in their business. It will also help the youth of the country, to learn additional skills and apply for the best jobs in the industry.
In addition to it, it is evident that parents bear the expenses and fee of the students until they are grown-up and independent. It also implies that parents already are paying the taxes in many forms and imposing GST can feel a burden to the limited income of a middle-class household.
This relaxation can help them in providing additional skills to their children. It can be a game changer in India’s economic activity for the creating job opportunities and give a boost to the education sector.
Hopefully, there will be a framework of GST and tax structure that can work favorably for fledgling training industry in India which is a backbone of Skill India Mission.
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