Top 5 Best GST Certificate Courses for Students

The government imposed Goods and Services Taxes (GST) on July 1, 2017, to avoid the cascading impact that was a significant negative of all prior taxes. Here are some of the best GST Certificates for students interested in a career as a GST practitioner.

GST is a tax applied on the purchase or sale of goods or the provision of services. Previously, sales tax was charged on all sales, but Value Added Tax or VAT replaced this. VAT, too, has a few disadvantages. For example, different states have varied tax rates, making it difficult to compute and maintain track.

GST History

The first country to apply GST was France. Following that, numerous countries began to apply it. When the BJP came to power in 2014, the government proposed implementing GST. It initially sparked a heated dispute between the ruling party and the opposing party. Finally, in 2015, it was decided to apply GST. The deadline has been set for 2017 by India’s finance minister. Rajya Sabha passed the law in August 2016, and the President signed it a few days later. The law was subsequently transformed into an actor known as the Goods and Services Tax or GST.

The Goods and Services Tax (GST) is a multi-stage, destination-based tax. It has absorbed all indirect taxes and is levied at all stages of the manufacturing process. It is collected at the point of consumption rather than at its origin.

GST has five slab rates: 0%, 5%, 12%, 18%, and 28%. The highest percentage is 28%.

GST is applied at both the state and federal levels. The main level of tax is paid directly to the central body, which is the government, and the tax is known as CGST, or Central Goods and Services Tax. The state tax is divided in half, with half going to the state and the other half to the federal government. It is separated into CGST and SGST, which stand for State Goods and Services Tax.

GST is also imposed on imports and exports in addition to customs duties. It is known as IGST, or International Goods and Services Tax.

Petroleum items, personal alcoholic beverages, and cigarettes are currently exempt from GST.

GST has three schedules, Schedule I, Schedule II, and Schedule III, under which goods and services are categorised. Section 7 of the CGST Act governs all three schedules.

  • Schedule I covers activities that should be considered as supplies, even if made without thought.
  • Schedule II comprises activities or transactions to be recognised as supplies of commodities or services.
  • Schedule III contains activities or transactions that are not considered a provision of goods or a supply of services.

Under each schedule, detailed descriptions of what comprises goods or services are offered.

GST reporting is straightforward and efficient, and it avoids the fundamental disadvantage of the prior tax, which is the cascading impact.

There are specific company thresholds and exclusions for items that decrease the burden on small business owners and service providers.

The CGST Act has 174 provisions covering various issues such as composition schemes, tax returns, refunds, penalties, reports, and many more. GST is fairly extensive.

When GST was adopted in 2017, it not only benefited service providers and company owners, but it also created a large number of new job prospects.

Learning GST is essential for everyone, whether they are Chartered Accountants, Company Secretaries, law graduates, B.Com graduates, or just curious. When GST was established, it became necessary for all Chartered Accountants, Company Secretaries, and students enrolled in the Charted Accountants and Company Secretary course, as well as B.Com graduates. As a result, the authorities held several webinars, seminars, and workshops to instil GST awareness.

Initially, there was a high demand for the course and expertise, and the number of persons capable of imparting knowledge needed to be increased. Chartered Accountants were required to review the full legislation and attend webinars led by higher authorities. However, with the passage of time and growth in the number of persons interested in this field, many courses have emerged on the market.

There are several courses available to help you learn more about GST. You have a wealth of alternatives to pick from, whether online or offline. When coronaviruses have taken over today, it is better and encouraged to avoid offline solutions. Furthermore, the lockdown has caused everyone to go digital. They now know that this is not going away anytime soon and that people’s lifestyles will be altered, with them preferring online over offline for practically everything. Given the current scenario, it is advisable to take online lessons.

There are many GST Courses available in the market for students. Several are listed in the points below.

1.Institute of IIPTR

IIPTR Institute is one of the best leading institute dedicated to improving students’ lives via training in in-demand courses. When you are a student, enrolling in a course like GST is critical since upskilling will give you more possibilities when you enter the professional world. The GST Course is ideal for business, finance, and law students.

The GST Course attempts to cover all GST elements in depth, including fundamental and advanced topics.

The GST training will be incredibly beneficial to anyone with a talent for understanding taxation and money. The mentors are supportive, have extensive expertise, and will give all the information required to succeed in the GST sector.

The following are included in the course curriculum:

Fundamental Concepts of the GST Process, RCM, E-way Bill, GST Registration, Value and Supply, GST Advantages, and GST Enforcement, to name a few.

Whether you want to work in company management or become a lawyer, CA, or CS, a thorough grasp of GST can help you find the right career prospects.

Contact: +91 8080468822

 2.ICSI GST Certification Course

It provides one of the top GST Certificate Courses for students. The Institute of Company Secretaries of India is well-renowned in the country specifically for its Company Secretary course. CS course has gained recognition after the passing of the Companies Act 2013. The act gave utmost importance to the company secretaries in India. CS course also has a separate act called as Company Secretary Act, 1980. CS course is recognized for its corporate laws, securities law, economic law, labor, tax, and many other laws. Taxation is one of the main subjects.

The company secretary should well be versed in company law and securities market, as these two are considered to be the main specification for a CS. He should be familiar with all the amendments, notifications, circulars, and all the latest updates and market trends. But also, he should be familiar with other laws and topics that are required to run a company as well. Such as cost accounting, tax laws, be it direct or indirect, economic policies. Hence for a company secretary, it is very important to be well versed with the laws as well.

Hence the Institute of Company Secretaries of India came up with a course called a GST certification course where you can enroll and learn more about the course. The course is nicely structured and planned. However, there is a limitation for the students who have not enrolled for Company Secretary Course, Chartered Accountant Course, LLB, or an MBA Graduate. Hence the course is limited for these students.

It is a three-month course, which would be conducted every Sunday of the month for four to five hours. ICSI is a highly reputable institution and hence you can easily trust the faculty. They have immense knowledge and experience in this field. The course would be conducted keeping in mind the basic requirements of the students. The session would be friendly and active participation would be expected from students. 80% of attendance would be compulsory. After completion of the course, students would be required to take the exam and attain a minimum percentage of 50%. Then only their certificate would be generated.

It is a good course for the students pursuing CA, CS, LLB, or MBA. It would give an additional edge while looking out for a job and would add great value to their resume. I would suggest you take this course if you are looking for a good GST course that would add value to your skills and want to gain more practical knowledge in this field.

3.GST Course by Institute of Chartered Accountants of India

 ICAI is also one of the most respectable institutes in India known for its Charted Accountant course. Chartered Accountant course is considered one of the toughest courses in India. Company Secretary is tough as well, it’s not much recognized yet. Hence CA’s are considered to have a vast knowledge and the students are mostly known for their tight schedule for studies. They have to study 15-18 hours a day to clear the subjects. Since they are tax planners and filers, hence it is obvious that they would have a thorough knowledge of taxation, both direct and indirect as well.

When GST came, their job for a while got a bit tough, as the entire thing was new. They had to first learn the subject in-depth, all the sections, limitations, and then implement it practically while filing the taxes. Practicing Chartered Accountants is required to possess a thorough knowledge about the filing of GST, composition scheme, and so on.

Within some time, ICAI came up with the course of GST where the students and members of the institute are imparted the subject knowledge thoroughly. Although this course is only limited to the students and members of the Institute. So if you are a CA student, or already a member of the ICAI, this is the one for you. The course structure is almost similar to ICSI and the sessions would be conducted online on weekends. Sessions are made lively and active participation is expected from the students. This is a three months course and the students would be required to undergo the exam to get the certificate of GST. It is today one of the leading GST Certificate Course for students. 

The course fees are not much, but 7,500 INR. It is a pretty decent price given the educator is ICAI. After the session, a doubt clearing facility is also available for the students. And any sort of doubt can be communicated through email.

4.Association of Chartered Certified Accountants

ACCA is a global professional accounting body, headquarters located in London, principal administrative office located in Glasgow. It has a global reputation. They impart quality training and offer jobs as well after the course is completed. It is one of the most recommended institutes if anyone is looking to pursue accounting as a profession at a global level, then this is the institute to go for. They also provide GST certificated courses. Their training structure is impeccable. They provide one of the most comprehensive GST Certificate Courses for students. 

5.GST Certificate for Students – Tax guru

Tax guru is a website that provides information regarding finance, tax laws, corporate laws, and other related topics. They are offering a GST course online which is open for anyone. This is good for those who are not from CA, CS, MBA, LLB backgrounds. The course will cover from basic to advanced levels of tax and includes filing of various tax returns, compliances, basics of GST such as what constitutes goods or services, or what is the point of taxation, precautions to minimize disputes, and many more.

Sessions are pre-recorded, but students would be given access to their management learning management system where they can clear their doubts and ask queries if any. Notes will be emailed to students in PDF form once they complete their registration process. The course is structured for 40 hours, and the validity to complete the course is 2.5 months. If a student fails to complete the course in the given duration, he would have to re-register.

After completion of the course, students would be required to appear for an examination that would be MCQ-based and will be conducted online. Once he clears the exam, the certificate will be emailed to him. That certificate can be used for pursuing jobs, as it will provide a better edge over the others. If a person wants to learn just for knowledge, such as entrepreneurs, Practicing Charted Accountant, Practicing Company Secretary or anyone who is looking to gain knowledge. The certificate is valid in India and can be beneficial for your job, degree, or a better understanding.

Conclusion for GST Certificate for Students

The following are some of the greatest GST Certificates for students listed. Aside from that, there are other more choices to consider. You may always attend the best institute if you prefer offline classes to online classes.

The limitation of offline lessons is that you only have restricted possibilities. This is a serious worry in small communities where only two or three faculty members are available to educate. You can select from a wide range of online classes available throughout India. Try out the demo first. Nowadays, teachers broadcast a few courses to YouTube to give students a taste of their teaching style and what they provide via the course. It is best to go through those lectures, get recommendations from friends, colleagues, and seniors, and then determine if you want to pay for them.

GST is now one of the most significant things for a commerce student to understand. It is extremely large. The entire act would take around 1-2 months to finish. As a result, if you want to study and comprehend GST, you should make an educated decision before enrolling in the gst course.

GST has also created several job possibilities. Even if you are not a CA or CS, you may begin your career as a GST practitioner, or you can join a business or company as a partner or employee and begin submitting tax returns. The choice is yours. Hope this article helps!


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