Nation Current Affairs 17 Jul 2019 Kadapa: Varsities fa ...

Kadapa: Varsities face GST burden

DECCAN CHRONICLE. | NAGESHWARA RAO BALLEDA
Published Jul 17, 2019, 3:29 am IST
Updated Jul 17, 2019, 3:29 am IST
The universities are paying crores of rupees in the form of GST.
Only the Yogi Vemana University has been paying an estimated cost of Rs 71 lakhs as GST per annum.
 Only the Yogi Vemana University has been paying an estimated cost of Rs 71 lakhs as GST per annum.

KADAPA: The Universities in the state have proposed to have a meeting on the Goods and Service Tax (GST). Vice-chancellors of all the universities in the state held a meeting with the state higher education officials and the education minister expressed concern about GST on June 23.

The vice-chancellor of Padmavathi Mahila University, Tirupati, raised the issue of GST imposed by the Central government turning into a big concern for them. The university is hiring a private building for their use. The GST, along with rent, becomes a huge amount to pay.

 

Meanwhile, the V-Cs of other universities also expressed their concern on the issue.

The universities are paying crores of rupees in the form of GST. For transportation, hostel bills, out sourcing, medical aid, stationery and other services, departmental projects, examinations expenditure etc, GST is paid against bills.  The fees have also become higher from April 2017 when the GST was implemented.

Before this, the tax was only 12 per cent on fees but when the GST was implemented it became 18 per cent.

Only the Yogi Vemana University has been paying an estimated cost of Rs 71 lakhs as GST per annum. Minister heard all the issues raised by the vice-chancellors and will hold a special meeting on GST soon.

 

The vice-chancellors advised them to write a letter to the Central government. 

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