Guru Nanak Dev University GNDU GST Impact has planned to revise syllabus for commerce students after the implementation of Good and Services Tax.
Guru Nanak Dev University (GNDU) has planned to revise syllabus of commerce students post the implementation of Good and Services Tax (GST). As per a report Dr Jaspal Singh, Head of the Commerce Department, GNDU stated that the changes in the syallabus will be made for the present semester. As per the officials, the university authorities are planning to look into subjects related to taxation. However, the final decision regarding the content of the syllabus will be taken after getting more clarity on the new tax regime.
As of now it is being contemplated that the subjects related to taxation will include GST. The final call regarding the content of the syllabus will be taken after getting more clarity on the new Good and Services tax regime. It is also expected that Guru Nanak Dev University (GNDU) will also revise the syllabus of Bachelors of Commerce (semester V) in view of implementation of the Goods and Services Tax (GST). Another important point to note is that the final call regarding the content of the syllabus will be taken after getting more clarity on the new tax regime. The subject on indirect taxation will be replaced with cost accountancy.
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017,following the passage of Constitution 122nd Amendment Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Guru Nanak Dev University is the first University of the region which introduced on-line admissions to its courses, on-line counselling for State Level Admissions and Credit Based Evaluation System. The University has risen to 16th rank in the top 50 universities of the country as per survey and has achieved 11th Position, out of the 500 universities.