Government earned Rs 4,792 crore GST on education services in FY24; check which services are exempt
Educational services such as services provided by schools are exempted from GST. Pankaj Chaudhary, minister of state in the Ministry of Finance said in Lok Sabha on November 25, 2024, that the government collected Rs 4792.40 crores as Goods and Services Tax (GST) on education services which are not exempt under GST in FY 2023-24.
The government collects 18% GST on commercial educational services such as coaching and training. The Service Accounting Code (SAC) for such services is 9992 on which 18% GST rate is levied. How much GST has the government earned from educational services?
The minister said in a response to a question by Dr. D Ravi Kumar: The data for GST collected on education services, which are not exempted, such as commercial training and coaching, for the past three years is tabulated below:
Educational services exempt from GST as per GST Council recommendations The minister answered a query raised by Dr. D Ravi Kumar and said: GST rates and exemptions are prescribed on the basis of the recommendations of the GST Council, which is a constitutional body comprising of members from both the Union and State/UT Governments.
