Major coaching institutes have made representations to the Union Finance Minister Nirmala Sitharaman either to remove 18% GST or to reduce it at the lowest GST rate.
The claim has been made that demand of removing or reducing the GST rate would directly benefit lakhs of parents and students in the country and also underlined the adverse impact of such a high rate of the goods and services tax (GST) currently on coaching centres.
While supporting the claim, it has been added that every year around 50 lakh students appear for the entrance examinations for the admission to the engineering and medical colleges in the country and approx to 25 lakh of them join coaching institutes in order to prepare themselves for the examination.
While considering the representations, Finance minister responded positively and requested to make representations of the coaching institutes to convey their demands from their respective states to their finance ministers.
Sitharaman told that if finance ministers of each state raise the issue of GST on coaching, the GST Council would consider over it positively.
The coaching centre representatives which were led by parliamentarian Punam Mahajan contained representatives from various coaching institutes from the states of Rajasthan, Maharashtra, Hyderabad, Bengaluru and Madhya Pradesh.