GST collection from coaching centres more than doubled in 5 years, RS told
The Goods and Services Tax (GST) collection from coaching centres has more than doubled in the past five years, according to data from the Ministry of Finance submitted by Minister of State for Education Sukanta Majumdar in response to a question in the Rajya Sabha on Wednesday.
The GST collection from coaching institutions stood at Rs 2,240.73 crore in 2019-20 and increased to Rs 5,517.45 crore in 2023-24, Majumdar said, referring to data from the revenue department, Ministry of Finance.
The figure in 2020-21 saw a marginal dip compared to the previous year, at Rs 2,215.24 crore. The collection rose to Rs 3,045.12 crore in 2021-22 and further increased to 4,667.03 crore in 2022-23.
Majumdar was responding to a question on whether the coaching industry “is colossal and expanding rapidly” and the “estimated worth of the coaching industry and its projected growth in the near future”.
