The Ministry of Skills Development and Entrepreneurship in India has proposed several changes to tax rules and the Companies Act 2013 before the Union Budget. These changes aim to create a larger employable workforce and take advantage of the demographic dividend.Consider employment services under “merit services” with a reduced GST rate of 5%.Exclude housekeeping services provided by e-commerce companies from Section 9(5) of the CGST Act.Exempt certain essential services provided to skilling institutes from taxes.Extend tax exemption to services provided by skilling institutions to students, faculty, and staff.
Source: a2ztaxcorp.com
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