The ICSE board has taken a decision to add goods and service tax (GST) in the Class X mathematics syllabus. The board has decided to remove VAT from the syllabus since the tax has been abolished.
The Council For Indian School Certificate Examinations (CISCE) has stated that this change will be implemented from 2020.
Sujoy Biswas, Principal of Rammohan Mission School said, “Since VAT serves no purpose, it has been discontinued. Students who will be promoted to Class X in 2019 will be offered the new chapter and will be tested on it in 2020.”
The educational community has welcomed the change as it will help the students pursuing the commerce stream and who wish to take up a career related to the commercial activities. The various school principals acknowledged that the council is continuously working on the upgradation of the syllabus according to the current events.
In August last year, Upendra Kushwaha, minister of state for human resource and development stated in the Rajya Sabha, that while reprinting the NCERT books for economics, business studies, accountancy and political science, the topics related to GST and demonetisation will be added.
The students who will be appearing for ICSE exam in 2019, will be exempted from studying either VAT or GST.
Sarmistha Banerjee, Principal Vivekanada Mission School said, “ GST is a new introduction to the country’s tax structure. It is an important topic that is being introduced in MBA programmes, CA, costing and other professional higher study courses. If students have a strong base on the topic then it will help them to learn the topic at higher levels. Directly or indirectly, GST plays a role in our everyday life.”
The academic session of 2019-2020 will feature the issue of demonetisation which will be taught to the students.