The Delhi University is planning 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 B.A (Prog). However, the proposal is awaiting a nod from the executive council.
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.
Students used to study taxation in three streams — B.Com (Hons), B.Com and B.A Programme commerce-based papers. According to the new proposal, GST will replace the content on other indirect taxes. According to the proposal, students of B.Com (Hons) in the sixth semester will be studying GST and Customs Law as a second paper. Students of B.Com will study it in the fifth semester as a second paper with the same title. In the B.A Programme, students will be studying GST in two papers (paper 3 and paper 4). It will be compulsory only for those B.A Programme students who have Taxation as an optional subject. All the papers will carry 100 marks and it will be compulsory for students of B.Com, B.Com (Hons) and B.A Programme, who choose Taxation as optional (subject).
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. The colleges across the university are awaiting a formal notification from the university and are all set to include it in the curriculum from this academic session onward.
Professor Rajesh Jha, who is an Executive Council member, said the proposal will most likely be cleared in the upcoming EC meeting, scheduled on July 14.