UoM adds GST as subject to UG, PG courses

Sep 7, 2017

Mysuru: A common complaint about state universities is that they don’t update their syllabi to be in sync with changing trends so that their students are ready for the workplace. But the University of Mysuru is an exception. Following the introduction of the Goods and Services Tax in the country, the varsity has introduced GST as a subject, both at the undergraduate and post-graduate levels from this academic year.

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. 

 Similarly, at MCom level, in business taxation paper, GST has been introduced. Students need to study GST and Customs Duty in paper I which include four modules.

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.