Here is a comprehensive reference on all you need to know about the GST certification course and GSTP. This will provide you with a solid understanding of GST and what to anticipate from GSTP courses and training programs.
What is GST?
GST is an abbreviation for Goods and Services Tax. Thus the objective of GST is critical to comprehend.
Indirect Tax Reform
First and foremost, it is one of the historical developments in the indirect taxation system. So, let’s delve a bit further. Before GST, we had several indirect taxes such as VAT and excise duty. These taxing regimes would eventually overlap.
Cascade of Taxes
In layman’s words, we’d have to pay tax after tax after tax. You would pay tax to pay tax. This is refer to as cascading. Perhaps Einstein was correct; taxes is a difficult concept to grasp.
GST eliminates Cascading
GST, on the other hand, is specifically designed to avoid this cascading impact. Thus the tax is levied on the provision of any products or services. Hence the names ‘Goods’ and ‘Service.‘ eliminate the full weight from the consumer who purchases the finished product and spread the tax load evenly across all supply chain touchpoints.
Getting Down to Business with GST
Allow me to explain that clever statement. Any product goes through several steps before it reaches the buyer. Do you agree with that?
A Tax in Stages [Multistaged]
The raw ingredients are first obtained. The raw components are then processed to make the product. The product is then offered to wholesalers, who pack and store it in bulk. Finally, the merchant buys the things and sells them to the customer.
Did you notice how many phases the product must pass through before reaching you, the consumer? It is a multi-step procedure.
A Value Added Tax (VAT)
Also, some effort is made at each level to make the product more user-friendly to the consumer.
Essentially, these activities increase the value of the product. At each stage, some value is added to the product.
Depending on the location
Furthermore, the product arrives at a different location at each level of the supply chain. For example, raw materials might be obtained in Punjab and processed in Maharashtra.
Even this is subject to taxation. However, a portion of the tax is paid to the national government, while the remainder is paid to Maharashtra.
The most important thing to understand here is that the entire tax is
Based on value-added
Understanding some more Fancy Terms
Now consider the above case (Punjab-Maharashtra). Hence, there are three forms of GST. You’ve probably seen that on the invoices, right?
CGST – The tax paid to the federal government when a sale occurs within a state.
SGST – The tax paid to the state government when a sale occurs inside that state.
IGST – The central government collects this tax when a sale occurs between two states (As in our example)
GST – Domestic Single Bill
It should be noted that GST is a tax that only applies within India. As a result, this is a domestic tax. The historic GST was enacted on March 29, 2017.
So, while this is a relatively new measure, it has a long and illustrious past. Read on to learn more about the history of the GST law in India.
GST in India: A Brief History
PM Vajpayee authored the GST law in 2000.
A task force completed GST implementation in 2004.
2006 – The Finance Minister proposes implementing GST in 2010.CST is being phased out in 2007. (Central Sales Tax)
2008- The EC finalized the dual GST system.
2010 – Computerized commercial taxation, GST implementation delayed
2011 – Constitutional amendment bill to add GST legislation
2013 – The Standing Committee on GST writes its report.
2014 – The then-Finance Minister reintroduces the GST bill in parliament.
2015 – The Lok Sabha passes the GST bill.
2016 – GST legislation passes both chambers and receives presidential approval.
On July 1, 2017, the Goods and Services Tax (GST) was implement.
The GST certification course teaches you about GST’s function in supply chain optimization, pricing, and invoicing.
Successfully completing the course also allows you to enhance your pay or create your own consulting company. This is the appropriate course for tax and financial specialists.
With so many advantages, we must comprehend what a GST Certified Practitioner performs.
GST Certification Course and GSTP Details
GSTP (GST Certified Practitioner) Role
Both the state and federal governments have approved a GST-certified practitioner.
Once designated, the person can assist the taxpayer in applying for GST registration, canceling the registration, claiming monthly, quarterly, and yearly returns, and paying taxes on the taxpayer’s behalf.
Furthermore, the practitioner may appear as a representative in front of a member of the GST body.
How to Become a GST-Certified Professional
It is simple to sign up for the GST Certification Course and GSTP. Aspirants must provide the essential information to the GST portal.
They would then be issued a Temporary Registration Number (TRN). Following that, customers must verify the information supplied using an OTP sent to their registered cellphone number and apply.
GSTP acknowledgment is emailed to their register email address after completing the process. Remember that PTC-01 is used for registration, while PTC-02 is used for acknowledgment. Thus, the aspirant is supposed to take the examination within two years of enrolling.
GST Certification Course Online and GSTP by IIPTR Institute
IIPTR Institute is a forerunner in online training, offering courses in writing, internet marketing, cat coaching, and GST. One of the best courses for prospective GST Practitioners is the GST Certification Course and GSTP.
The course lasts four weeks and involves lectures as well as hands-on instruction. The training is primarily practical, but theoretical principles also provide a solid basis.
However, students can access course information, study resources, and recorded courses using the learning management system.
The syllabus includes
- GST’s Importance
- GST Origins and Structure
- Input Tax Credit Claiming Mechanism Debit And Credit Notes
- GST Rules and Conditions
- GST applicability
- Due Date and Forms.
Thus, the course lasts four Sundays and includes 25 hours of online training. Hence, 60% attendance is required to qualify for the test. If a student misses specific lessons, there is an option to examine the recorded classes.
If a student fails the exam, he or she is given two further chances at no additional expense. IIPTR jointly awards the certificate upon satisfactory completion of the course.
Module 1: Introduction to GST and Comparison with Old Indirect Taxes
1.2: Types of GST/ Rate Structure under GST
1.3:Exemptions in GST
1.4:GST Registration – Persons liable for registration.Types of registration.Types of registration.
1.5: Concept of supply under GST – Distinction of Goods and Services.
1.6: Concept of Place of Supply.
1.7: Concept of time of supply and valuation under GST
1.8: Concept of Branch Transfer/Principal-Agent/Job Work/Works Contract /E-Commerce/Special Economic Zone/EOU/Free Sample/Input Services Distributor.
1.9: Export & Imports in GST and provisions relating to LUT
1.10: Types of Invoices and Invoice Format.
1.11:Computation of GST (including RCM)
1.12: Input Tax Credit (ITC)and set off -Types of input tax credit/ Conditions to claim ITC/Inadmissible ITC/Reversal of ITC /Set of ITC
1.13: Concepts of Reverse charger mechanism and compliance
1.14: Recording GST liability, ITC, Computation of GST payment, and Set off entry for ITC.
1.15: Filing of GST returns – (GST3B/GSTR1/GSTR2/GSTR3/GSTR4/GSTR5 etc)
1.16: Eway Bill requirement & compliance.
1.18: Composition Scheme in GST
1.19: Tax Computation, Payments, and reports(including a practical example) TDS under GST
1.20: GST Annual Return
1.21: GST Audit
1) Detailed training on GST Software of Partner GSP for payment and filing of GST (presently, no one is providing practical training on GST software). Hence a free copy of GST Filing Software will be provided to students upon completing the course.
2) Training on how to successfully run your business and client relations.
This course will teach you the intricacies of GST, including its origins, compliance, and enforcement. Indeed, you will get practical experience in GST operations, preparing you for a job with a thorough comprehension of GST laws.
The course will conclude with an evaluation examination to pass to get a certification. However, your adventure does not finish here; as a bonus, you may receive placement support and career coaching throughout your life.
Why should you choose them?
- highly-qualified trainers
- well-researched training methodologies with a focus on practical training
- on-the-spot doubt clearance
- 24*7 support
- lifetime validity
- free demo
Course Name: GST Certification Course.
Batches: Both weekday and weekend batches are available.
GST Certification Course in Major Cities
Located in Mumbai, IIPTR offers a GST certification program. Thus the institute primarily focuses on the theoretical concepts of GST and GST software training.
It claims to be the only institute that provides software training. Hence, it provides free GST software as a part of its coursework.
Hence, the course also gives independent exposure to the students in filing the GST returns to impart practical knowledge. Additionally, the students are guided to procure more clients and file their GST returns.
In this way, the institute ensures the students are ready to start their firms after completing the course.
The students are also assisted in registering for the GST Practioner’s certificate program through the GSTN portal. Hence, the syllabus of the coursework is divided into two modules: GST basics and GST software. The syllabus is as follows:
- Overview of Old Indirect Taxes and GST
- Different types of GST and their rate structure
- Types of GST registration and their rules
- Time and Place of Supply along with valuation under GST
- Training for GST software for payment and filing
- Copy of free GST software
- Business and client relations training
IIPTR Institute is a GST Certification coaching center located in different areas in Mumbai since 2008. The branches are at the following places:
- Navi Mumbai
MyTectra offers a global learning solution. It is located at BTM Layout in Bangalore and is known for offering the best training for Advance Warehouse Management.
Eventually, GST certification is one of the training solutions that they offer. Like most other institutes, they also offer online and instructor-led classroom programs. The institute is also known to hold exclusive doubt-clearing sessions.
It also promises certificates, placement, and internship offers post-training.
Ria Institute is a premium institute located at two different locations in Bangalore: Marathalli and RT Nagar. Thus, the faculty members are carefully chosen from within the industry with 5+ years of experience.
Since the faculties are industry professionals themselves, practical knowledge is easily delivered. Furthermore, the content curated meets the industry expectations and standards. The trainers highlight the key points while training the students for the interview.
Ria Institute offers both online and instructor-led classroom training programs. Thus it has weekday, weekend, and fast-track batches. Hence, the students are allowed to choose a batch suitable to their needs.
The coursework consists of three categories: Diploma in GST for Beginner, comprising 15 chapters for 40 hours; Diploma in GST-Intermediate, comprising 12 chapters for 60 hours; and GST in Tally, comprising 9 chapters for 30 hours.
The membership comes with a one-year free login. Thus the syllabus for the first two modules is the same as mentioned in this article.
GST Tally Syllabus includes:
- Creating and Activating GST at the company level
- Setting GST Rates
- Creating Tax Ledgers
- GST Sales and Invoices
- GST Interstate Sales
- Advance Payment of Supplier under GST
- Local and Interstate Purchase
George Telegraph Institute of Accounts
George Telegraph Institute of Accounts is located at Rajdanga main road, Kolkata. Thus the institute focuses on contemporary indirect taxes. The duration of the course is two months.
Thus, the institute recognizes the importance of practical training and provides exposure to GST return filing, accounting, recording transactions, and laws related to GST.
Precise HRD Services
Located at Gopal Banerjee Lane, Kolkata; Precise HRD services provide training to up your skills. Thus GST certification is one of their offerings. The institute’s trainers possess 20+ years of experience and focus on practical training.
The offerings of Precise HRD Services for GST certification are as follows:
Advanced GST Professional Certification
- GST Professional Certification
- GST Fast Track Professional Certification
- ITR & Corporate Compliances Certification Course
- Customized GST Professional Certification For Experienced Candidates
- Financial Management Courses
Attitude Tally Academy
Attitude Tally Academy is located at Yamuna Vihar Delhi. It is another renowned institute in Delhi that provides training for GST certification. It provides study materials such as PDFs, videos, books, and scheduled tutorials.
What’s more these materials are regularly verified for their quality. This is to ensure that the students receive the best of the benefits.
The institute also promises placement and certificates after the completion of the course. The coursework is for 40 hours with both weekday and weekend batches.
SLA Training Center
SLA Training Center is located in Gurgaon and Noida. One of the best things about this institute is its multiple batches. Hence it is known to provide training for E-Accounting and E-GST.
SLA Training provides you with experienced faculty who assist you with placements after the course. The students are allow to participate in a GST workshop inclusive of a case study.
Thus the students are also assigne 2 GST projects with real-time GST data for the case study. This proves the center’s commitment to imparting practical knowledge. The training also include multiple assignments.
The coursework comprises 5 modules and is for 100 hours altogether. It provides both online and instructor-led classroom programs. The timing and the batches are as follows:
ICA Edu Skills aims to provide you with an opportunity for employment by equipping you with
- Systematic knowledge upgrade
- Problem-solving skills
- Improved analytical skills
- Decision-making skills.
However, after completing the GSTP course, you could start your firm or get place with their job assistance. ICA group has more than 120 centers located in different cities across India.
This is a complete detail of the GST certification course And GSTP. With these many options available, you could choose the mode of study and institution based on your convenience. Today, we live in a world that values skill-based knowledge. Be wise to choose the right skill and the right institute to master the course. Check out our website to know more about other skill-based knowledge.