Calls for Reduced Tax Rate to Boost Employment Services Sector
Monday, 15 July 2024, 05:25
Lower Tax Rate Proposal and Implications
The GST Council is facing demands to decrease the tax rate for employment services to 5%.
Enhancing Workforce Development
The Ministry suggests incorporating skilling programs into the Income Tax Act's Section 10(23C) for better workforce development.
Potential Impact on Job Creation
These proposed changes may foster job creation and skill-building initiatives nationwide.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.