The Delhi University to include the historic Goods and Service Tax (GST), as a part of their curriculum in selective academic courses. A groundbreaking initiative aiming towards economic reforms in the country, GST was implemented across the Nation on July 1. One of the biggest tax reform turned India, Asia’s 3rd largest economy into a single market.
Meanwhile, as the GST rolled out, in a meeting this week, the varsity’s academic council approved the inclusion of GST in the curriculum of commerce programmes such as B Com (Hons), B Com (Prog) and BA (Prog).
It has also recommended this to the university’s executive council.
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The aim of this course is to help commerce student understand the newly introduced tax reform which is also the most striking since India’s independence. The “one nation one tax” section will be taught from this academic session as the council wants changes in the course contents of B Com (Hons) in accordance with recent developments on GST.
Significantly, most top colleges in Delhi are in agreement with the proposed amendment. “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, reported India Today.
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The tax will be taught to students in B Com (Hons) in third and fifth semesters while B Com (Prog) students of the fifth and sixth semester will have a paper on GST and Customs law. If approved by the executive council, it will also be taught to BA (Prog) students in the third and fourth semester.
