treeviewSince its implementation on July 1st, 2017, GST has been a bold, ambitious, and historic tax reform that has caused a paradigm shift in the Indirect Tax system. This page provides all of the relevant GST information as well as a list of the top GST certificate courses for non-CAs accessible in India.
The article will also provide you with an in-depth look into GST, GST kinds, and the exams required to become a GST practitioner.
GST In Simpler Terms
GST, or Goods and Services Tax, is a tax that customers must pay when they purchase any form of goods or services, such as food, gadgets, clothing, daily necessities, and services such as transportation or travel.
We had a convoluted tax structure before the implementation of GST since there were several types of central and state taxes such as excise duty, VAT, services tax, octroi, entrance tax, luxury tax, value-added tax, and so on. These levies were repeale, and a single central tax policy was put in place, allowing for the unrestrict movement of products across state lines. It also intended to eliminate the cascading tax impact or tax on tax.
Hence GST went into force on July 1st, 2017, at midnight, under Prime Minister Narendra Modi’s government. However, it has been over two decades since the notion was initially propose by the Atal Bihari Vajpayee government.
Perks Of GST
- Preventing tax evasion and corruption through various procedures implemented under the GST laws.
- GST procedures are simple, from registration to submitting returns, which may be done online.
- The composition Scheme allows firms with a turnover of between Rs. 20 lacks and Rs. 75 lacks to pay a lower tax.
- Eliminating the cascade effect, or the tax on tax impact on goods and services.
- GST has caused fewer hassles because various compliances have been reducing.
- Textile and construction industries that were formerly disorganized and uncontrolled are now regulate.
- Ease of process for E-commerce firms.
- The exemption limit increased.
- Also, the GST registration barrier has been raised to RS. 20 lakh, giving small service providers and entrepreneurs the option of not registering.
- GST has eliminated 17 indirect taxes, increasing product demand and income for the federal and state governments.
Types Of GST
Hence we have four types of GST depending on the type of transaction: CGST (Central Goods and Services Tax), SGST (State Goods and Services Tax), IGST (Integrated Goods and Services Tax), and UGST (Union Territory Goods and Services Tax), which are detailed in full below.
Hence we have four types of GST depending on the type of transaction: CGST (Central Goods and Services Tax), SGST (State Goods and Services Tax), IGST (Integrated Goods and Services Tax), and UGST (Union Territory Goods and Services Tax), which are detailed in full below.
The Central Goods and Services Tax (CGST):
The Central Government levies CGST, governed by the Central Goods and Services Tax Act. Hence all previous taxes, such as Central Excise Duty, Customs Duty, Service Tax, SAD, CST, and so on, have been replaced by CGST.
Intrastate transactions take place within a single state. Thus the central government collects the CGST and SGST revenues. For example, if a Maharashtra-based merchant sells to a Maharashtra-based consumer, CGST and SGST are applicable because the transaction is intra-state.
State Goods and Services Tax
SGST, like CGST, is levied on goods and services within a state. The state government imposes the tax. Hence all prior taxes, including VAT, entertainment, luxury, octroi, lottery, and purchase, have been replaced by SGST. Thus the respective state government solely collects the SGST money.
The Integrated Goods and Services Tax (IGST)
Hence Interstate (between two states) goods and services transactions and imports and exports are subject to IGST. Hence the taxes are collected by the central government and dispersed to the individual states under the IGST Act.
For example, if a Maharashtra merchant sells items to a West Bengal dealer, the IGST is levied. The IGST also allows you to claim an Input Tax Credit, which aids in the control of cascading tax.
The tax was implemented so that states would have to work with the Union Government rather than each state.
Goods and Services Tax in the Union Territory
UTGST is levied on goods and services provided in the country’s Union Territories: Andaman and Nicobar Islands, Chandigarh, Daman Diu, Dadra and Nagar Haveli, and Lakshadweep.
Thus the Union Territory administration claims the money generated by UTGST. Because UTGST is a counterpart to State Goods and Services Tax, it is charged in Union Territories alongside CGST.
Why Take A GST Certification Course?
GST certification course is a complete instruction on goods and service tax legislation that seeks to expand understanding by providing an updated, well-organized reference to the principles of this new law. Hence, as the GST Council continues to change the laws, tax rates, return formats, and GST-funded application forms, it has become vital to have a Certification Course to master all of the GST practices to become GST practitioners.
GST certificate training is in high demand. Non-CAs such as company secretaries, tax professionals, business professionals, students pursuing commerce and finance, and anybody who wishes to expand their GST knowledge are all eligible for the course.
GST Certification Course provides a plethora of work opportunities, as well as an average income increase of 15%. Hence you can work as a GST practitioner for a company or start your consultancy. However, according to the CII research, the Chairman of the CII has advised a 2% to 2.5% increase in India’s GDP. Thus this implies more business, which means more need for GST Professionals.
GST Practitioner Exam
Hence NACIN, or the National Academy of Customs, Indirect Taxes, and Narcotics administers the GST Practitioners test.
NACIN is the World Customs Organization’s (WCO) Regional Training Centre for Asia Pacific. Thus the Indian government has delegated the duty of information exchange, experience sharing, and training to several countries worldwide.
HOW TO BECOME A GST EXPERT
- Fill out GST PCT-01/ online on the shared portal by Rule 83. (1).
- The certificate is then given in the form of GST PCT-02.
- GSTP must pass the test within two years of enrolling.
- NACIN will direct you to a webpage where you may register and pay the needed cost.
- A minimum of 50% is required of the candidate.
- Hence, NACIN will announce the exam date on its official website, the GST council secretariat, the common portal, and significant publications.
- Thus the test is administered twice a year.
HOW DO I REGISTER FOR THE GSTP EXAM?
- Sign in at nacin.onlineregistrationform.org.
- The application form will display after a successful login.
- Select a testing location. Include a passport-sized picture.
- Include a digital copy of your signature.
- Hence, fill out the registration form and pay the exam costs online. Thus you will be given an admission card.
Thus the test is made up of multiple-choice questions. NACIN announces the results within a month of the study’s completion.
GST training for non-CAs
Hence Let us now look at the courses offered by the best institutes.
1)GST Courses for non-CAs At IIPTR MUMBAI
Mumbai’s Initiative Institute of Professional Training and Research provides professional training courses in Finance and Revenue Management. Hence, it was established in 2008 by Rajkumar Pawar.
They start with basics but ensure that you strengthen your knowledge base through practical application. Thus the courses are tailored keeping in mind the job relevancy. The mentors of the institute have moreover 15+ years of experience. The classes are available both online and offline.
Course Specifics
Current Course: Advance diploma in GST
Course Outcome: Government-Certified GST Practitioner
Topics Covered:
- Introduction to GST and comparison with old indirect taxes (Excise / Service Tax / Vat)
- Types of GST / Rate Structure under GST
- Compotation (Composition) scheme under GST and requirements
- Hence GST Registration Rule– The person liable for registration. Types of registration (Mandatory and Voluntary)
- Concept of a place of supply to identify GST application
CONTACT INFORMATION
Office No. 4, 1st Floor, Old Sawan Bhavan,
Next to Sun Shine Plaza, MMGS Marg,
Opposite Civic Center,
Dadar East, Mumbai-400014.
Phone: 76669-77775
Email: info@iiptr.com
The IIPTR Institute makes finance and taxation fun to learn. Thus they present case studies to assist you to understand the fundamentals of the GST procedure. By the end of the course, you will be confident in handling the GST element in any industry or firm, regardless of size.
2)GST Courses for non-CAs At ICT ACADEMY
ICT Academy is a Chennai-based institute offering extensive training in GST and Skill India, Startup India, Digital India, and Make in India.
Hence the course is create by NACAN (National Academy Of Customs, Indirect Taxes & Narcotics) and taught by NACEN faculty members. Thus the system would give learners a good grasp on GST Law and GST impacts on organizations; gain practical knowledge on procedures like Registration, Filing of Returns, TDS (Tax Deduction at Source for Government Buyers), and such.
Course Specifics
Who Can Take The Course: Thus, Businessmen, researchers, and students from finance, commerce, economics and business management, Government officers, SMEs, etc.
Course Length: 3 days
Topics Covered
- Also Get Overview of GST and model GST law
- Meaning/ Scope of supply of Goods and Services
- GST business process: Registration
- GST business process: Returns
- Place of supply of Goods and Services
- Overview of the IGST act
- Thus an input tax credit, ISD, the cross utilization of IGST and fund transfer, transitional provisions
- Demands and Recovery
- Appeals and Revision
- Thus Inspection, search, seizure and arrest detention, confiscation of goods and conveyances, prosecution, offenses, and penalties
- Assessment and Audit refunds
- Front-end business processes on GSTIN
CONTACT INFORMATION:
ELCOT Complex, 2-7 Developed Plots, Industrial Estate, Perungudi, Chennai – 600 096 Tamil Nadu, India
Email: gst@ictacademy.in
3)GST courses for Non-CAs – V Skills GST Certification Course:
V skills offer GST certification courses and conducts certification exams, which helps in employability. Thus you have lifelong access to their study materials and resources like practice tests, blogs, tutorials, interview questions, etc.
Thus Certificates provided by V Skills are industry-recognize, and many companies hire candidates certified from their courses. Hence their certification body is affiliated with several organizations and is manage by Cubezoid Solutions Pvt. Ltd.
Course Specifics
Who can Take The Course: Hence Accounting professionals, students studying accounting or finance, tax consultants, etc.
Course Length: 60-minutes
Topics Covered
- Taxation and GST basics
- GST Administration
- GST Registration
- GST Payment
- GST Accounting or Record Keeping
- GST and Law
- IGST
- GST in Other countries
CONTACT INFORMATION:
1113, Tower – 2, Pearls Omaxe, Pitampura,
New Delhi, Delhi 110034
Telephone: 011 4734 4723
4)GST courses for Non-CAs – EDUPRISTINE
EduPristine was establish in 2008 by four industry professionals from S & P, Goldman Sachs, Standard Chartered, and Accenture. Since then EduPristine has grown from one to five verticals-Finance, Accounting, Analytics, Marketing, and Healthcare.
Hence it has built a strong network of classrooms all over India and is a powerful online platform. Thus the courses are design to give you maximum practical knowledge and are taught by industry experts.
Hence, you get complimentary material access to Advance Excel and GST E-book.
Course Specifics
Who Can Take The Course: Undergraduates, Graduates, Working professionals, basically anyone aspiring for a career in Accounting and Taxation.
Course Length: 32 hours
Topics Covered
- Also Get Basics of Tax
- Taxation System in India
- Introduction to GST Structure
- Rates Comparison
- Applicability of GST
- Time of Supply
- Place of Supply
- Valuation
- Tax Invoice
- Input Tax credit Composition Scheme
- Registration
- GST Returns
- Payment of Tax
- Accounting for GST
- GST for Tally
- GST vs Previous Indirect Tax
CONTACT INFORMATION
Asha Plaza, 607, 2nd Floor, Srinivagilu Main Road
Koramangala 4th Block, Koramangala
Bengaluru, Karnataka-560095
Phone: 1800 200 5835
Email: care@edupristine.com
5)GST courses for Non-CAs – CLEARTAX
ClearTax is a financial-technology platform found by three friends Archit Gupta, Srivatsan Chari, and Ankit Solanki based in Banglore. Thus they have remarkable people in their list of mentors and investors like Max levchin-founder of Paypal, Vijay Shekhar of Paytm, Neeraj Arora of WhatsApp, etc.
Thus, the company is the largest cloud platform for GST and has built GST software to ease CAs.
Thus ClearTax offers a complete and detailed GST course that experienced and respected instructors teach.
Course Specifics
Who Can Take The Course: Hence CA/tax practitioners as non-CAs like company executives, students, legal consultants, etc.
Course Length: 8+ hours
Topics Covered:
Basics of GST Returns
- Thus GST Basics, Registration & Composition Scheme
- Input Tax Credit (ITC)
- Reverse Charge Mechanism
- Place of supply
- Time of supply
- Value of supply
- GST payments & refunds
- Assessment Procedures
- Offences & Penalties
- GST Rates & Recent Notifications
New GST return system
- RET 1/2/3 with comparison
- Comparison of old and new GST filing process
- Hence Detailed analysis of return types Monthly, Quarterly, Sahaj, and Sugam
- Things to remember for buyers and supplier
- Complete analysis for ANX-1, ANX-2, RET forms
- Matching & its complexities
- Concept of missing invoices
- Concept of locking, unlocking & deemed locking
- Importance of invoice management
- Live case study on new GST returns
The transition from the Old to New System
- Hence Transition Plan proposed by the government
- How to report invoices missed in the old GST system
- How to claim ITC from the old GST system
- How can a CA/ SME /Enterprise move to a new filing process?
- Expert Sections
- Impact of new GST Returns on the Industry
- Potential changes in ERP
- Key takeaways for CFOs on changes expected in finance
- Also Get Adoption of technology as a precursor to managing compliance cost
CONTACT INFORMATION:
ClearTax, 2A, Ground Floor, 23&24
AMR Tech Park Internal Rd Hongasandra,
Bengaluru
Karnataka 560068
Email: gstsupport@cleartax.in
I hope the information in this post has helped you understand GST a little better and that the list of GST courses for non-CAs has helped you choose the right one.