GoM Proposes GST Cut on Educational Materials, Hike for High-Value Apparel

In the same GoM meeting, a proposal to reduce GST on educational materials while increasing GST on high-value apparel was made. The proposal reflects a government focus on making educational resources more affordable while increasing tax revenues from luxury goods. The proposal is still under review, but it highlights the government's intention to support education while ensuring revenue from non-essential, high-value items.