Staffing federation asks India to cut GST rate

economictimes.indiatimes.com

The Indian Staffing Federation (ISF) is requesting the finance ministry reduce the GST on employment services from 18% to 5%. This change aims to boost formal job creation. The ISF believes a lower GST rate would enhance the staffing industry's competitiveness and align with national employment goals. They argue this could increase the workforce by millions and formalize more jobs. The ISF, representing over 1.8 million contract workers, believes the rate reduction would have minimal impact on overall GST revenue. The GST Council is expected to meet this month to discuss the proposal.


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Staffing federation asks India to cut GST rate | News Minimalist