Ahead of Yoga Day, GST relief sought for yoga training institutions
With only two days left for International Yoga Day, MP for Mysuru Yaduveer Krishnadatta Chamaraja Wadiyar on Thursday appealed to the Union government to reduce the Goods and Services Tax (GST) levied on yoga training institutions.
In a meeting with Union Finance Minister Nirmala Sitharaman in New Delhi, Mr. Yaduveer submitted a memorandum, requesting for a review and reduction of the 18% GST currently imposed on yoga schools.
He said that such institutions, many of which are small and community-based, were facing financial challenges due to their classification under the same GST slab as commercial fitness centres and gyms.
'Yoga is deeply embedded in Indian culture and has achieved global recognition. Today, it is a way of life,' Mr. Yaduveer said.
He said Mysuru is described as the 'Yoga Capital of the World', and stressed on the role of Prime Minister Narendra Modi in promoting yoga on the global stage, leading to the declaration of June 21 as International Day of Yoga.
With the countdown to Yoga Day under way, Mr. Yaduveer urged the Finance Minister to provide much-needed relief to yoga institutions.
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