Mangaluru: The department of Economics, St Agnes College (Autonomous), here organised a panel discussion on ‘Goods and Services Tax’ for the students of Economics, Commerce and BBA on Saturday, July 21.

Economics students of Roshni Nilaya also took part in the panel discussion.

CA Dafny D’Souza, Rashmitha and Prakruthi were the panellists.

Cecilia Farida Goveas, associate professor, School of Social Work, Roshni Nilaya moderated the session.

Dafny began her session by mentally transporting the students to the Parliament House in Delhi on June 30. She spoke on GST being a step towards one nation, one tax and one market. She said that the step would avoid double taxation.

Rashmitha and Prakrithi gave a detailed explanation of the new tax regime, the whats and whys of GST, with vivid examples. They said it was a tax which simplified and unified the system. "It was an essential to avoid the cascading effects and leakages and ensure transparency and increase efficiency," they said.

They also explained to the students the composition of GST through CGST, IGST and SGST or UGST. After the session, several questions raised by students were satisfactorily answered by panellists.

Rayana, student of Economics welcomed the speakers and compered the programme.