Sociology-Economics Forum Events

On February 24, 2025, at 2:30 PM, an enriching and insightful session on the ‘Tax System in India’ was organized for 12 students of the III BA Economics and Secretarial Practice course. The session featured CA Vrinda Konnar as the esteemed resource person, who captivated the audience with her expertise and clarity on the subject.

CA Vrinda began the session by providing a comprehensive overview of the Indian taxation system. She systematically explained the various types of taxes levied in India, including direct and indirect taxes, and elaborated on the tax slabs and rates applicable to individuals. Her presentation was both structured and engaging, ensuring that even complex concepts were easy to grasp.

A significant portion of the session was dedicated to the Goods and Services Tax (GST), one of the most transformative reforms in India’s taxation landscape. CA Vrinda broke down the structure of GST, highlighting its multi-tiered framework and explaining its implications for businesses and consumers alike. She emphasized the key benefits of GST, such as the elimination of cascading taxes, increased transparency, and the creation of a unified national market.

To further enhance the students’ understanding, CA Vrinda conducted a comparative analysis of the old and new tax regimes. She outlined the advantages and disadvantages of each, helping the students weigh their options and comprehend the practical implications of choosing one regime over the other. This segment sparked curiosity among the participants, leading to a lively discussion and thoughtful questions from the students.

The interactive nature of the session was one of its standout features. Students actively participated, asking pertinent questions and seeking clarifications on topics ranging from tax deductions to compliance requirements. CA Vrinda’s ability to simplify intricate tax laws and present them in a relatable manner made the session both informative and captivating.

By the end of the session, the students had gained a deeper appreciation for the intricacies of the Indian tax system and its real-world applications. Her expert guidance not only broadened their theoretical knowledge but also equipped them with practical insights that will prove invaluable in their academic and professional journeys.