New Delhi: Union minister Rajiv Pratap Rudy on Friday said the goods and services tax (GST) rollout will boost hiring across sectors by 11% by creating an integrated national market which will promote domestic demand and drive job creation.
Rudy said India was on the cusp of an economic revolution with the rollout of the GST, to be effective from Friday midnight. The Ministry of Skill Development and Entrepreneurship on Friday announced a training programme to certify GST practitioners under its flagship scheme Pradhan Mantri Kaushal Vikas Yojana to make the country’s passage to the new tax regime smooth and glitch free.
“We are also happy to know that crucial subjects like education and skill development services have been granted exemption from GST, as per the decision of the GST council. It will be a step towards improving the quality of vocational training, reduction in cost of the training and incentivising training providers," Rudy said in a statement.
According to the Ministry of Skill Development and Entrepreneurship, the course will equip candidates with relevant skills to benefit from job opportunities generated by the GST.
“The tax reform is expected to fuel demand for professionals in various segments of the economy as mid-and small-sized companies are likely to outsource similar activities to third party account firms," the ministry said.
The training programme has begun in Delhi, Bangalore and Bhopal.