Mr. Rustom Kerawalla, Edupreneur, and Chairman Ampersand Group.

Sharing his expectations from the upcoming Union Budget, Mr. Rustom Kerawalla, Edupreneur and Chairman, Ampersand Group, said, “We hope that the Honourable Finance Minister will consider two significant changes in Union Budget 2020. The first one is to make GST applicable to school fees and other receivables of the school. In the current regime, GST credit for purchase of various materials and services is not being set off and becomes a cost which is passed on to the parents. The second important reform is to get the ‘Education and related services’ classified under the definition of priority sector lending. This change will enable the much needed access to lower interest rates, longer tenure of loans and other benefits for fueling the growth of Education sector in India in line with Agriculture, MSME and others.”