A detailed chapter on the Goods and Services Tax (GST) will be introduced as a part of the Class XI accountancy syllabus for commerce stream students across Goa, according to a report in a reputed Indian media.
Ramkrishna Samant, chairman of the Goa Board of Secondary and Higher Secondary Education (GBSHSE) has directed to introduce the new module from the academic year 2020-21.
What is GST?
GST is one indirect tax for the entire country. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017.
As per the reports, the GST Tax helps in making your tax structure easier and helps in removing all the extra taxes from a business.