Jobs & GST: Staffing industry pushes for lower tax; pitches 5% slab to aid formal hiring

The Indian Staffing Federation urges the finance ministry to lower the GST rate on employment services from 18% to 5%. ISF argues this reduction would boost formal job creation, enhance competitiveness in sectors like healthcare and retail, and align with national employment goals. They believe the fiscal impact would be minimal while promoting formalization and expanding the tax base.