“The high rate of GST for online education and online assessments makes it expensive, thereby restricting its access to only the elite. Therefore, considering the need of the hour, the government should reduce the existing rate of GST from 18 per cent to 5 per cent in the Union Budget for 2021 for online assessments and education. This step will not only enable access to online education and online examination systems at a lower cost but also provide a fillip to ed-tech companies,” Manish Mohta, MD – Learning Spiral said.
