Date : 2/10 /2025
Venue : KSHM college auditorium, Edathanattukara
Program title : Seminar on the topic Income tax and GST
calculation
Resource person : Miss Sameela T ,assistant professor from
commerce department
Introduction :
Taxation plays a vital role in the economic development of every
nation. It is the primary source of revenue for the government, enabling it to provide public
services, maintain infrastructure, and promote social welfare. Among the various forms of
taxation in India, Income Tax and Goods and Services Tax (GST) are the two most
significant.
Income Tax is a direct tax imposed on the income of individuals and organizations, ensuring
that citizens contribute a fair share of their earnings to national development. On the other
hand, GST is an indirect tax levied on the supply of goods and services, designed to simplify
the complex structure of multiple indirect taxes and promote a unified national market.
This seminar focuses on understanding the concepts, structure, and calculation methods of
Income Tax and GST. It also aims to highlight the importance of tax compliance, the role of
taxpayers, and how these systems contribute to India’s fiscal strength and economic stability.
objective :
1. Create awareness about the GST
2. To understand the method, steps and procedure of income and calculation
3. To create awareness about the problem of income and gst calculation
4. To understand tax regime
Inauguaration
Department of economics conducted a seminar
on the topic income tax and GST calculation at college auditorium on 3/10/2025
for 5th sem ba economic students and those
who were selected the taxation policy in india as their minor 2. Mis Sameela, assistant
professor from commerce department lead
the program.the program started at 2.0 clock. Miss Sandra deliverd the welcome
speach and invited Mrs Jini Joseph , HOD of economics department for deliverig
presidential address. Dr,abdul bari,pricipal of kshm inaugurated the program.
Mr. Jibin,staff secretary ,Mr. Muhammed junaid ,mrs Saleema,IQAC cordinator
,Mrs vaheeda T and other delivered felicitation .
Activities
Miss
shameela ,assistant professor from commerce department introduced various
concepts related to income tax .then explain how the income tax calculated .
Also explain GST ,GST slab , etc.Next section was the discussion.
Conclusion
This
seminar focuses on understanding the concepts ,structure,
and calculation methods of Income Tax and GST. It also aims to highlight
the importance of tax compliance, the role of taxpayers, and how these systems
contribute to India’s fiscal strength and economic stability.
Through this study,
we learned how Income Tax ensures equitable contribution from
individuals and organizations, while GST simplifies the
indirect tax structure by creating a single, transparent system for goods and
services. Together, they promote economic efficiency, reduce tax evasion, and
support the growth of the formal economy.
In conclusion,
gaining knowledge about these taxation systems helps individuals become
responsible citizens and prepares commerce and economics students to better
understand the country’s fiscal policies and financial administration.
Acknowledgement/vote
of thanks
We extentend our heartfelt thanks to our
principal,teachers and management for their constant support and encouragement
in organizing seminar.we sincerely appreciate the enthusiastic participation of
all students .A special thanks to the organising commitee and volunteers for
their dedicated efforts to organize the seminar
thanks
