Skill Ministry Seeks Lower GST for Manpower Supply to Boost Formalisation and Revenue

• Skill Development and Entrepreneurship Ministry seeks ‘merit services’ status for manpower services for lower GST rate
• Indian Staffing Federation supports the proposal, stating it will formalize the sector and increase GST revenue
• Budget representation to be submitted to Finance Ministry for consideration
• Lowering GST rate for employment services could aid in formalization of jobs and reduce compliance burden
• Organized contract staffing companies play a crucial role in providing benefits to workers
• Employment services should be categorized based on their impact on human lives and economic growth
• Jobseekers often enter informal employment due to lack of opportunity and access to skilling ecosystem or education.

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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