DU to introduce GST in its Commerce curriculum

07 July, 2017, 01:01 | Author: Marjorie Miles
  • Delhi University includes GST in curriculum for commerce students

In an email sent out to customers, the company says that "in order to meet new Australian tax requirements, Skype will be required to include Goods and Services Tax (GST) for customers in Australia".

He said a Congress-led government would have certainly worked towards a single rate (with three variations) and would have capped the GST at 18 per cent.

"It is a mockery of the GST", Chidambaram said.

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He said the Congress party would highlight the elements of a true GST by holding meetings and conferences to emphasise that the Congress was the original proponent of the reform.

GST, hailed as the country's biggest tax reform since Independence, replaced a thicket of federal and state levies while transforming Asia's third-largest economy into a single market.

The university is the first in line to include the tax in the curriculum as Rajesh Jha, professor at Rajdhani College and an academic council member, pointed out that the executive is most likely to sanction the inclusion.

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The former finance minister claimed that the administration and small, medium businesses are unprepared for the GST and that some more time should have been given to them to prepare themselves.

Despite 64% of Telugu people being aware of GST, the survey noted that majority are of the outlook that it is not good news to them.

According to media reports, revised tax rates wuld increase cost of a banking transaction which means customers will have to pay Rs 3 more for every Rs 100 withdrawn from ATM. Addressing the press in the past month, Chidambaram had said, "The legislation which they (government) is attempting to implement across the nation is neither the real GST which was prepared by Congress, nor the ideal GST formulated by experts".

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Asked about the perception that the GST will push up GDP growth by at least 2%, he said, "GDP is not dependent on one factor".


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