The complexity of various taxes inspired the Indian government to devise a simple tax structure to which everyone can adhere to. Be it service class or business class. Collective efforts of officials from various departments gave birth GST. And to spread its awareness, Central GST and Central Excise Department officials joined hands in organizing an ‘outreach programme’ to understand the new tax regime and clear the misconceptions encircling it. During this special session, HRD Minister-Mr. Javadekar was the Chief Guest who was of the opinion that this tax has been designed for making India economically strong.
With taxes becoming the main topic of conversation, Union Human Resource Development Minister-Mr. Prakash Javadekar opined that Goods and Services Tax (GST) course be introduced at Maharaja Sayajirao University in Vadodara, Gujarat.
The Union Minister was of the view that such a course would prove to be a boon for Tax and Finance professionals who would have to get the GST basics right.
GST Need Of The Hour
With doubts clearing the air, there has been a huge transformation to Goods and Services Tax after its July 1 launch. Now, more and more people are readily adhering to this new tax form and at the same time many universities are following suit, to make the youth understand the importance of GST and what transformation it will bring for India. They include the University of Delhi which has planned to include GST in the curriculum of B.Com (Hons), B.Com and BA programme. DU students of B.Com (Hons) will be studying GST and Customs Law in the sixth semester 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 so that they can know and deliver GST in the right format, taking India to a new economy high.