Educational Services

GST on educational services: Govt earned Rs 4,792 cr GST from commercial training, coaching centres 

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GST on educational services: Govt earned Rs 4,792 cr GST from commercial training, coaching centres 

GST charges: Pankaj Chaudhary, minister of state in the Ministry of Finance, disclosed that the government garnered Rs 4,792.4 crores from Goods and Services Tax (GST) applied to education services during the financial year 2023-24. These services are non-exempt under GST, with a 18% tax rate levied on them under Service Accounting Code (SAC) 9992. Answering … Read more

Manufacturing, services log 8.27 per cent attrition in Q3: Report

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Manufacturing, services log 8.27 per cent attrition in Q3: Report

The average attrition rate across manufacturing and services industries increased sequentially to 8.27 per cent in the October-December quarter, a report said on Monday. With a continuance of the ‘Great Churn’, attrition across industries witnessed a 0.46 percentage point increase from an average of 7.81 per cent in the second quarter to 8.27 per cent … Read more