With India’s major tax reform, Goods & Services Tax (GST), speculations stating the new tax regime is supposedly going to help the nation achieve 9% growth rate, came in.
What is GST?
GST is a momentous Indirect Tax reform which has replaced most of the previous Indirect Taxes in India. The Goods & Service Tax Act was passed by the Parliament on 29th March 2017. The Goods & Services Tax Law is an integrated,multi-stage & destination-based tax that is imposed on every value addition. It came into force on 1st July 2017.
GST is one indirect tax for the entire nation.
Who is an ideal GST Practitioner?
A candidate with a professionally certified GST Practitioner knowledge from an accredited institution with a hands-on approach towards practical implementation & critical problem solving is a boon to the Indian society in the current scenario.
An ideal GST Practitioner comes with a proven experience & talent in the field & the authority to file returns on behalf of taxable individuals under the indirect tax regime of the country. Under the erstwhile system, Chartered Accountants, Sales Tax Practitioners & Advocates too undertake this job.
Here’s how a Professional GST Practitioner training module along with practical experience strengthens the operations of you as a GST Practitioner:
Apart from achieving a certification from a renowned institute in the market, it is of utmost importance for a candidate to have a hands-on practical experience under the belt since it is a most critical job in the current Indian scenario.
An GST Practitioner must significantly be able to perform the primary activities such as filing a fresh application for registration, filing an application for amending or cancelling the registration, furnishing details pertaining to inward & outward supply of goods & services, furnishing GST returns on a quarterly, monthly, biannually & annually on behalf of the taxable person.
Implementing the above operations smoothly becomes possible only when you receive a training from exceptionally talented industry experts followed with practical training!
Established in 2008, IIPTR (Initiative Institute of Professional Training & Research) is Mumbai’s leading professional training institute panelling some of the most experienced industry leaders who deliver a diverse of course modules in the market.
Having an experience of training 1000s of students for the top-most courses like GST Practitioner Course, Tax Consultant Course, Export Import Management & a range of other professional Courses, our trove of achievements is quite diverse.
At IIPTR, we not only provide theoretical training to our professional students, but also help them bagging a hands-on approach in the given module.
To name a few, following are our submodules armed by significant Practical Experience in our professionally certified ‘GST Practitioner Course’:
- Introduction to GST & comparison with former Indirect taxes (Excise/ Service Tax/ Vat)
- Types of GST / Rate structure under GST
- Composition scheme under GST
- GST Registration Rule (Mandatory & Voluntary)
- Valuation methodology
- Concept of reverse charge mechanism & compliance
- ITC under change of constitution
- Input Tax Credit (ITC) and set off – Types of input tax credit/ conditions to claim
- Concept of Branch Transfer / Principal – Agent / Job Work / Works Contract / E- Commerce / Special Economic Zone / EOU / Free sample / Input Service Distributor
Here’s the link to full details of our ‘Professional GST Practitioner’ course module: https://iiptr.com/gst-practitioner-course/
We panel a diverse team of professional experts from the industry with 15+ years of experience under their belt, in order to paint a future bright for each of our students.
Furthermore, we are proud to assert on being an acclaimed education institute providing a lifetime of learning assistance & a lifetime of recruitment support.
We do not just stay that, we stand by it! Come & experience it for yourself.
To all the future GST Practitioners reading this article out there, visit our office to know full details & benefits of our GST Practitioner course or interact with our experts to solve your real time queries.