UoM adds GST as subject to UG, PG courses
According to the university notification issued on August 28, as per the decision taken by the Board of Studies (BoS-UG and PG) which were approved by the university academic council, the GST subject will be taught in both BCom and MCom courses. The Union government rolled out GST from July 1.
According to the decision approved by the academic council, for BCom students, GST will be taught in V and VI semesters. In Semester V, corporate tax planning and introduction to GST paper has been introduced under elective group B. For BCom VI semester students, KVAT, central sales act, central excise act subjects were replaced with GST and customers duty.
B Nagaraju, head of the commerce department, said, “GST has become part of the university syllabus. It will ensure that our students will be updated about the new tax regime. We have replaced syllabus-related old tax systems with GST,” he said.
He added that to ensure that faculty too get updated on GST issues, a workshop has been organised by the faculty on September 15 where an open discussion will be held on various issues.
The varsity decision to update the syllabus according to the changing tax structure has been appreciated by industry experts who feel it will prepare students to cope with present-day challenges. “Updating the syllabus is always the key to make students industry-ready. The Commerce faculty must be appreciated for introducing GST in the syllabus so quickly,” said Sarvesh Kumar, a tax consultant in the city.