Delhi University has decided to include GST in its curriculum of various UG courses. Check the courses in which indirect taxes will be replaced by GST.
The education system evolves and grows with the dynamic forces. With the rollout of GST, it was sure for the education system to include the same in the textbooks. The first one to make a move in this direction is Delhi University. The university announced approval of the historic unifying tax in the syllabus of different undergraduate courses.
Narendra Modi government enforced Goods and Services Tax (GST) across India from July 1, 2017. Since independence, GST has come as one of the biggest tax reforms in the country. The newly implemented tax colligates a range of state and central taxes, which will make club Asia’s largest economy into a single market.
Delhi University Makes GST Part of UG Programmes
DU is planning to include GST in the syllabus of B.Com, B.Com (Hons) and some BA programmes. The varsity organized a meeting after implementation of GST and decided to replace modules on indirect taxes with GST.
To ensure that students get a good understanding of ‘one nation one tax’ concept, this will be made an integral part of the curriculum. B.Com (Hons) students will be taught GST and Custom Laws as the second paper in the sixth semester. B.Com students will study GST in the fifth semester as a second paper while for BA Programme students who have Taxation as an optional subject GST will be taught in two papers: Paper 3 and Paper 4.
What will students learn?
To ensure that students get comprehensive knowledge of the new tax reform, they will first by taught the constitutional framework of indirect taxes like powers of union and state governments, the concept of VAT, state compensation mechanism. Before moving on to rationale and structure of GST, students will also be taught about the drawbacks of the indirect taxes, which compelled the government to think about this new tax reform. Apart from GST council, GST network, and registration details, the new curriculum might also include levy and collection of GST.
All the top colleges of the varsity have welcomed the decision of including GST in B.Com, B.Com (Hons) and BA syllabus. It will help students learn the intricacies of the new economic structure and the economic benefits the country will have with GST.
Benefit of including GST in curriculum
Including GST in the syllabus will be commerce students properly understand the newly implemented tax reform. Though there are so many guides on GST, getting a thorough understanding of the tax reform is not possible with them. Students will be taught "one nation one tax" section from academic session 2017-18. The council is also planning to change B.Com (Hons) course content to match it with the latest development on GST.