Lucknow University first institute in UP to start GST course
Lucknow University’s faculty of commerce will start a six-month certificate course on Goods and Services Tax (GST) from this academic sessioneducation Updated: Jul 13, 2017 12:53 IST
Lucknow: Lucknow University (LU) will start a six-month certificate course on Goods and Services Tax (GST) from this academic session. The faculty of commerce has been asked to initiate the certificate course.
The dean, faculty of commerce, was asked to initiate the six-month course, LU vice chancellor, Prof SP Singh, said on Saturday. With this LU has become the first state university to launch it.
Forms will be available from the first week of August 2017. It will be a 4-credit course and include 2 credits on skill development/training and 2 credits for theory.
The decision to start the GST course was taken at the vice chancellor’s conference held on Thursday. It was decided to include GST in the commerce and management curriculum to create a workforce of GST-trained professionals.
“It was important to add GST in the syllabus to help students understand the new tax regime. The GST has been rolled out in India from July 1, 2017. The state government was of the opinion that the GST would be a strong driver of growth,” Prof Singh said.
The VC said GST is the biggest indirect tax reform providing a uniform and simplified way of indirect taxation in India. This means goods and services will be subject to a uniform tax rate. GST is applicable throughout the country, replacing a number of other indirect taxes like VAT, service tax, etc.
Similarly, Delhi University is planning to include the Goods and Services Tax (GST) in its curriculum for its BA, BCom and BCom (Hons) students.
A proposal for this been cleared by the university’s academic council and is awaiting a nod from the executive council, officials said.
LU will also be organising two seminars on GST. The key speakers for the seminar will be tax officers, chartered accountants and consultants. The events will be open to faculty members, students, traders, businessmen and others keen to know more about GST and are likely to be held in the third or fourth week of July.
Modalities of the certificate course are being worked out and all details will be shared later, LU spokesperson NK Pandey said.
“It is ultimately the common man who is affected by the implementation of any new tax. The common man has to understand and get ready for the implications. The common man includes not only the final consumer of goods but all the small traders and service providers who will be affected by the GST,” said Pandey
LU is starting the course because of the huge impact of GST on the common citizens of India .Keeping in mind the citizens’ ignorance or misplaced knowledge about GST, it becomes an important duty of the university to educate common citizens as part of University’s extension programme, Pandey said.
Launching the course is aimed at producing GST experts, and the seminars will help educate the common people, he added. Looking at the sudden growing need for experts on GST, LU expects candidates doing the certificate courses to get immediate employment opportunities, Pandey said.