Wednesday, 1 March 2023

Open Quiz Competition to Commemorate The Central Excise Day

On  1st March ,2023( Wednesday) the PG Department of Commerce and Management of PCM SD College for Women, Jalandhar organised an Open Quiz Competition on the topic – "Indirect Taxes" to commemorate the CENTRAL EXCISE DAY (24th February).

The history of Indirect Taxes in India dates back to the early part of the 20th century when British Raj imposed taxes on commodities such as Salt, Tea and Opium. The revenue from these taxes were used to fund the British Raj’s administrative and military costs. The first comprehensive taxation system in India was introduced in 1860,when the Government of India act was passed.

Post Independence period, Indirect Taxes continued to play a major role in India ‘s Fiscal Policy . After a series of amendments and changes on 1st July, 2017 the Goods and Services Tax was implemented in India as a part of new Indirect Tax Regime.

The quiz on Indirect Taxes was organized to increase awareness amongst the students about Indirect Taxes and Indian Taxation System. The students of PG Department of Commerce and Management actively participated in the quiz. It was an innovative approach to educate the students regarding the various aspects of Indirect Taxes /Goods and Services Taxes in India.

Diksha, Jaspreet and Sonia of B.Com Sem IVth and Shivani , Pushneet and Radhika of M.Com Sem IVth bagged the prizes.