In the wake of tax reform in the country, the Union Human Resource Development minister Prakash Javadekar is calling out to Maharaja Sayajirao University in Vadodara, Gujarat to include Goods and Services Tax (GST) as a course.
To be fair, tax courses from the pre-GST regime are quite obsolete today, and hence, this suggestion by the union minister comes in good light as the course will be beneficial for tax and finance professional who would be required to understand the topic.
An ‘outreach programme’ has been organised by the Central GST And Central Excise Department to spread awareness about the new tax regime. Javadekar further expressed that the tax is “a step in the direction of economic development of the country”.
The tax came into the picture of India on July 1. The union minister also mentions, “There has been a seamless transition to Goods and Services Tax after it was rolled out on July 1.”
Given the current state, it is very important to develop a thorough understanding among the youth about GST as observed by a number of universities including the University of Delhi and the University of Pune which has planned to include GST in the curriculum of B Com (Hons), B Com and B A Programme.
GST and Customs Law is now added to the syllabus of sixth semester for DU students enrolled in the B.Com (Hons) course, while students of B Com will study it in the fifth semester and BA programme students will come across the topic in papers 3 and 4.