Government earned GST of Rs 4,792 crore on education services in FY24
Tue, Nov 26, 2024 7:16 PM

Government earned GST of Rs 4,792 crore on education services in FY24

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Pankaj Chaudhary, minister of state in the ministry of finance said in Lok Sabha on November 25, 2024, that the government collected Rs 4792.4 crores as Goods and Services Tax (GST) on education services which are not exempt under GST in FY 2023-24. The Service Accounting Code (SAC) for this is 9992 on which 18% GST rate is levied.

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