“The Nuances of Goods and Service Tax Return Filing” on 19th, July, 2025 in the Class Room No. 34, withthe digital aid, focused on ‘Indian Tax Regime’ by Mr. Akash Goenka, AssistantProfessor. The initiative aimed to provide all B.Com students with apractical understanding of Goods and Service tax nuances. The session commencedwith an overview of the GST framework, emphasizing the critical role ofaccurate and timely return filing for businesses to ensure compliance and avoidpenalties. Mr. Goenka expertly guided students through the various types of GSTreturns, the step-by-step online filing process, and the essential componentsinvolved, such as ‘Input Tax Credit and Tax Liability’calculation.
A significant focus of the activity was to understand the necessity ofGST filing skills for final year commerce graduates entering the professionalarena. In the current Indian tax landscape, businesses highly value candidatesproficient in GST compliance, making this skill a crucial asset for enhancedemployability and career advancement. The session highlighted how practicalknowledge of GST return filing equips graduates to contribute meaningfully topotential employers from the outset, opening doors to diverse roles inaccounting, finance, and taxation. Furthermore, for aspiring entrepreneurs,understanding GST compliance is vital for managing their ventures effectively.
The session also covered the importance of meticulous record-keepingfor seamless GST return filing and provided updates on the latest changes inGST regulations. Mr. Goenka informed the students about recent provisions,including the impending rule regarding the time-barring of GST return filingbeyond three years from the due date, effective from July 2025. Practicalexamples were utilized to make the concepts more accessible, followed by aninteractive question and answer session where students clarified their doubts.
The Departmentalactivity on “The Nuances of Goods and Service Tax (GST) Return Filing”witnessed a valuable endeavor in equipping commerce students withessential practical skills relevant to the current Indian tax system. Byemphasizing the significance of GST return filing for final year graduates andproviding a comprehensive overview of the processes involved, The sessionconcluded with vote of thanks by Dr. Neetu Gupta. Many students attended in theactivity were benefitted and made this activity a success. Mr. VaibhavShrivastava, Head of the Department congratulated Mr. Akash Goenka for hisdelivery of expertism. He also acknowledged all other faculty members preset inthe session and complimented for the successful execution of the activity.