Hon’ble Finance Minister Smt Nirmala Sitharaman and Chief Economic Advisor Shri V. Anantha Nageswaran presented the Economic Survey 2023-2024 that published, ‘The rising employment of flexi workers through staffing companies can be a channel for ensuring social security for informal workers, as briefed in Box VIII.4 ‘- page 298 (Graphs from Indian Staffing Federation Research).

ISF met with Shri Pankaj Chaudhary, Minister of State, Ministry of Finance, Government of India, to discuss the implications of reduced GST rate for staffing industry. The discussion encompassed the importance of GST Rate reduction to allow more companies to consider adopting formal employment practices and enable industries to shift from Informal structured employment models.

ISF had a fruitful discussion on GST Reduction for ISF and Staffing Industry Impact with Hon’ble Finance Minister along with Joint Secretary- Finance, Planning and State Excise, and GST Commissioner Maharashtra. Indian Staffing Federation (ISF) presented the case for reducing the Goods and Services Tax (GST) from 18% to 5% for employment industry.

ISF leadership had a fruitful discussion with the Secretary (L&E), GoI, last week at Shram Shakti Bhawan. The discussion entailed the following:• Facilitating the matter of GST rate reduction from 18% to 5% for the employment industry

Indian Staffing Federation met with Hon’ble CEA and presented the Indian Staffing Federation’s Report on Flexi Staffing Industry Employment Growth – Sectoral and State Analysis- 2025. The discussions entailed a comprehensive overview of India’s flexible (flexi) staffing sector under the tripartite model (workers, staffing companies, and clients) in line with ISF’s contribution towards facilitating formal employment through staffing industry and advocacy for GST rate reduction.ISF apprised Hon’ble CEA on the recommendation letter from Deputy CM Maharashtra to Hon’ble FM, GoI on GST matter, terming it as “constructive step towards fostering formal employment and improving industry competitiveness.” Hon’ble CEA suggested that the staffing industry should monitor the implications of new tax regime and thereafter ISF to re-evaluate their ask to the Government.

Indian Staffig Federation has been highlighting the issue of F Aadhar seedigfor generation of UAN to the EPFo officlas for long. There are situations where there is mismatch of other information, such as Name being spelt wrongly or DOB not updated correctly in the Aadhaar database, as against the declaration provided by the employees at the time of taking up employment or shifting from one employer to another. Many job seekers do not remember their old UAN