Fostering scientific temper and Lunar success: A case for rationalizing GST on education & training services

In the global quest for excellence, India’s strides in scientific and technological advancements have drawn international attention. As the nation strives to ascend to new heights, fostering scientific temper and knowledge acumen becomes paramount.

A significant leap towards this goal lies in the rationalization of the Goods and Services Tax (GST) rate on education and training services, with a special focus on scientific and technological education.

The current rate of 18% should be revisited and reduced to 5%, facilitating broader knowledge dissemination and innovation across the country.

There is a growing movement to rationalize the GST rate on education and training services. Proponents of rationalization argue that the current rate is too high and discourages people from investing in education and training.

They also argue that a lower GST rate would make education more affordable and accessible to everyone, regardless of their income level.

Opponents of rationalization argue that lowering the GST rate would reduce government revenue. They also argue that a lower GST rate would not necessarily lead to an increase in enrollment in education and training programs.

The debate over GST rationalization is likely to continue for some time. The government will need to weigh the economic and social benefits of rationalization against the potential loss of revenue.