After colleges and universities in Pune now, DU introduces GST (Goods and Service Tax), the biggest tax reform in India since Independence in its official curriculum of all the commerce programs.
The proposal to add GST in various commerce courses such as BCom (Hons), BCom (Prog) and BA (Prog) was approved by the academic council.
GST was introduced in the nation on July 1 by PM Narendra Modi which has replaced all the indirect taxes in the nation with the aim of creating common market.
Reasons to add GST to the curriculum
Through this move the students of the university will be made aware of the concept of one nation one tax and will learn about the working and provisions of the new tax reform. These changes will be incorporated from this academic session and necessary changes in the present curriculum will be made to include GST into the curriculum.
"So far, goods and services tax was not included in the curriculum. Going by the status quo, it is important that students understand the tax well. We are awaiting a formal notification from the university and will include it in the curriculum for this academic year," said Reena Chadha, professor at Shri Ram College of Commerce.
The new contents of the curriculum
- Framework of indirect taxes before the GST
- Rationale and structure of GST
- GST council
- GST network
- Registration and state compensation mechanism