To enhance
the knowledge on Tax policies and GST and its features and impact on economy,
an informative talk was arranged by the SIGMATHS Association, Department of
Mathematics by Dr Therese Pereira, Assistant Professor, Department of Commerce
and Management of Dr. P. Dayananda Pai Sathish Pai Government First Grade
College, Mangaluru on March 16, 2018.
The programme
was held in Fr Fred Memorial Hall from 3.00pm to 5.00 pm. Along with the staff
members of the department, approx. 140 students attended the programme.
Before the
commencement of the talk, the students who scored the highest marks in the
Aptitude test conducted by the association during the odd semester 2017 were
honoured with a cash prize. Also the students who were the active members of
the association during the time of Tiara were recognized with certificates of
recognition.
Dr. Pereira
in her talk explained the concepts of tax along with the various forms of tax
such as- income tax, sales tax, corporate tax, service tax and so on. She also
added that tax is a compulsory contribution to state revenue, lived by the
government on workers income and business profits or added to the cost of some
good services and transactions.
She then
spoke about the concept of GST and various type of GST like Central good and Service
Tax(CGST), State good and Service
Tax(SGST), Integrated good and Service Tax(IGST), Union
Territory Goods and Services Tax (UGST)
Dr. Pereira ended her talk by
giving the impact of GST on India. She added that GST is a biggest Tax reform
in India with the Motto of “One Nation One Market One Tax"
At the end of the programme
refreshment was served for all the participates.
The SIGMATHS Association, Department of
Mathematics is grateful to the Management for all the support and encouragement
rendered towards the success of the programme.
