Studying indirect taxes at a point when the country has replaced most taxes by one single tax does not make sense.
Over three months after the Goods and Services Tax (GST) was introduced in the country, the University of Mumbai is still to include it in the syllabus at the undergraduate and post-graduate level.
Students of Commerce under the University of Mumbai will not be taught about the new taxation structure this year as the university is yet to include it in its official syllabus. In the absence of this revision, students of third year BCom will continue to study 'Indirect Taxes', which includes Service tax and Maharashtra Value added Tax (MVAT).
Several students and parents have written to the university about the outdated syllabus. Kishore Nair, whose daughter is studying BCom at city college, recently took to Twitter over the issue. "Being a cost accountant by profession, I was shocked to see that the TY Bcom syllabus does not have GST. Students of commerce need to know about the changes that have taken place in the taxation structure.
Studying indirect taxes at a point when the country has replaced most taxes by one single tax does not make sense. The university should work on keeping its syllabus at par with the changing economic scenario so that students can learn things which are relevant to the market needs," said Nair.
Siddheshwar Gadade, dean of Commerce, said that the university is likely to implement GST from the next academic year. "Usually, changes in any of the syllabus components are only made in the coming academic year as per the university norms. Also with GST, the system is undergoing several transitions and one should wait for a few days to allow the system to stabilise, before it can be reflect in the syllabus," added Gadade.
Recently, the Institute of Chartered Accountants of India (ICAI) included GST in the syllabus for CA exams, thus omitting the outdated topics on Service Tax and VAT. "For any commerce student, it is extremely important to study the new taxation structure. Any curriculum in the country should upgrade itself with the new order to stay relevant," said CA NC Hegde, Central Council Member of ICAI from the Western Region.
University skips GST
- TYBCom students will continue to study ‘Indirect Taxes’, which includes Service tax and Maharashtra Value added Tax (MVAT)
- Commerce dean said as per its norms, university will include GST from the next academic year
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