The adoption of GST (Goods And Sales Tax) in India on July 2017 brought about a significant transformation in the indirect tax system, collecting taxes on the provision of goods and services. All modern-day enterprises are actively involved in managing their tax systems, as it is crucial for every established business or company must fulfill its tax obligations. Hence for that reason, it is necessary for a business to hire an applicant with a necessary GST certification. This article will be helpful for people with the best GST certification courses in Gujarat with placements.
What Is GST?
The implementation of GST in India, which commenced in July 2017, aims to eradicate the burden of tax throughout the production and consumption cycle. This value-added tax, known as the Goods and Services Tax, is imposed on goods that are sold within the country. Consumers bear the initial payment, while businesses subsequently remit the tax amount to the government.
For example, Consider a scenario where a T-shirt production facility purchases raw materials for Rs 100, encompassing a tax component of Rs 10. As the unit enhances the value of the goods by Rs 50, the overall expense for the finalized products sums up to Rs 150. Consequently, the applicable GST levies a tax rate of 10%, resulting in a tax amount of Rs 15. In compliance with the GST regulations, the previously paid tax of Rs 10 is utilized to offset a portion of this current tax, thereby allowing for a net tax liability of Rs 5 (15-10).
What Is GST Certification Course?
The GST certification courses In Gujarat, aim to equip individuals in the industry with the latest and updated knowledge in the field of GST. This comprehensive course explores various aspects like supply chain enhancement, information technology, accounting practices, tax conformity, and pricing strategies, all of which are profoundly influenced by the GST framework. This course will provide you with good knowledge on topics like debit and credit notes, invoices, tax payments, and refunds. Also during the courses, you will be offered a demo session on GST registration to further improve your knowledge of GST.
Eligibility for GST Certification Courses In Gujarat:
The following individuals can do the GST certification course:
- Graduates of arts or commerce or engineering, chartered accountant, company secretary, law candidates.
- Those who want to start their career in the taxation domain.
- Finance professionals who want to switch their profession to taxation.
Benefits of GST Certification Courses In Gujarat:
This GST certification course is a new rise in the GST practitioner course, significantly enhancing employment prospects for those who possess a background in finance and taxation. This course offers a large number of opportunities not only to Chartered Accountants, Company Secretaries, and retired government employees but also to any individual who meets the necessary qualifications. This article is to highlight the importance of GST certification courses in Gujarat by providing detailed information about the Institute.
Types Of GST:
There are four types of GST in India. They are
- Integrated Goods and Services Tax (IGST)
- State Goods and Services Tax (SGST)
- Central Goods and Services Tax (CGST)
- Union Territory Goods and Services Tax (UTGST)
- Integrated Goods and Services Tax (IGST):
- The Integrated goods and services tax or IGST is a tax imposed on the movement of goods and services between two states, including imports and exports, within the framework of the GST system.
- The jurisdiction of IGST comes within the IGST Act, wherein the Central Government assumes responsibility for tax collection. Once the taxes have been gathered, the Central Government proceeds to allocate them among the various states.
- For example, if a dealer from Karnataka has traded goods with a customer in Tamilnadu for Rs.3000. An 18% rate of GST will be applicable as this is an interstate transaction. So the dealer will be charged Rs.3900 for the transaction of which Rs.900 is collected as IGST which is for the Central Government.
- State Goods and Services Tax (SGST):
- The imposition of State goods and services tax or SGST is a tax relevant to the GST system, explicitly targeting transactions that occur within a single state. In instances where goods and/or services are supplied within the same state, both State GST and Central GST charges are enforced.
- The state government imposes the State GST or SGST on goods and/or services bought or sold within its borders, as per the SGST Act. The revenue generated from SGST solely belongs to the respective state government.
- For example, if a dealer from Tamilnadu has traded goods with a customer in Tamilnadu for Rs.3000. The rate of GST collected will be 18% out of which 9% CGST and 9% SGST will be divided equally. So the dealer has to pay Rs.3900 for the transaction of which Rs.900 is collected as GST. Out of the transaction, Rs.450 will go to the Tamilnadu government.
- Central Goods and Services Tax (CGST):
- The Central Government imposes a central goods and services tax or CGST, a tax on intra-state transactions of goods and services, as per the regulations stated in the CGST Act. Additionally, the State Government control and implements SGST for the same supply.
- Both the central and state government imply a mutually agreed proportion of the collected taxes.
- Like the above example, if a dealer from Tamilnadu has traded goods with a customer in Tamilnadu for Rs.3000. The rate of GST collected will be 18% out of which 9% CGST and 9% SGST will be divided equally. So the dealer has to pay Rs.3900 for the transaction of which Rs.900 is collected as GST. out of the revenue Rs.450 will be given to the central government.
- Union Territory Goods and Services Tax (UTGST):
- The Union Territory Goods and Services Tax or UTGST is the same as SGST, the Union territory government will charge tax where goods and/or services are supplied within the union territories such as Andaman and Nicobar Islands, Lakshadweep, Dadra and Nagar Haveli and Daman and Diu, Chandigarh, Delhi, Jammu and Kashmir, Ladakh, and Puducherry.
- The revenue generated from UTGST solely belongs to the union territory government as per UTGST Act.
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6 Best GST Certification Courses In Gujarat:
1. GST Certification Courses In Gujarat- IIM SKILLS
IIM SKILLS is renowned for its top-notch online GST certification programs in Gujarat. The course stands out with its comprehensive content and places a strong focus on the practical aspects of GST. This program guides the learners from introductory to advanced levels and become proficient and expertise in relevant skills.
- Course Name: GST Certification Course
- Course Duration: 1 Month
- Course Fees: ₹ 2900+18% Tax
- The curriculum is structured into sections, where every class targets a specific phase of the GST system and provides comprehensive guidance on that particular topic.
- In addition, you will receive practical assignments where you can apply your acquired knowledge through hands-on projects.
- You will get lifetime access to the training material, class recordings, and class presentations provided by IIM SKILLS.
- After completion of this course, you will get a certification from IIM SKILLS which is recognized by the MSME Ministry of India.
- Concept of GST
- Structure of GST
- The registration process for GST
- The rule book of Invoicing in GST
- Returns filing for GST
- Composition plan in GST
- Reverse Charging
- E-way billing
- Tax credit input and payments
- You possess the necessary skills and knowledge to understand the details and particulars of GST along with its comprehensive structure.
- Mastering all aspects of GST provisions to enhance employability.
2. GST Certification Courses In Gujarat- The Institute of Chartered Accountants of India (ICAI)
The Chartered Accountants Act of 1949 brought about the establishment of the Institute of Chartered Accountants of India (ICAI). Known as a key player in the field of accounting, both on a national and international level, ICAI has earned respect for its significant contributions in the area of education, professional growth, and adherence to noteworthy standards in accounting, auditing, and ethics. ICAI has introduced a certificate course on GST, GST & Indirect Tax commission to upscale your GST knowledge.
- Course Name: Certificate Course on GST
- Course Duration: 10 Days
- Course Fees: ₹ 9000+ Tax
- Those who are a member of ICAI can only do this course.
- You can avail of two types of options to pursue this course. Either you can attend the classes only on Sunday and Saturday for five weeks or you can attend Monday to Friday (9.30 AM to 5.30 PM) for 2 weeks.
- Interested aspirants can apply online. The seat will be allotted on a first come first serve basis.
- Payments will be accepted online.
- A minimum of 80% attendance is required for a member who attends the course will be eligible to appear for an assessment test.
- Upon completion of this course and passing the examination, the member will be awarded a certificate.
- Introduction to GST
- Supply and Composition Levy on GST
- Nature, Time, and Place of Supply
- Reverse charge mechanism
- GST on Imports and Exports
- Tax credit
- Exemptions on GST
- Offenses and penalties
- Appeals and Revision
- Concept of Advance ruling
- Providing specialized and up-to-date GST information in a structured manner.
- Optimizing analytical and problem-solving abilities for decision-making.
3. GST Certification Courses in Gujarat- International Society For Executive Learning (ISEL)
The leading organization ISEL Global provides project management certification and online Six Sigma certification. For Total Quality Management, Total Productive Maintenance, Supply chain management, Lean Manufacturing Certification, and GST Practitioner, they provide the greatest training in the business. Because of this, ISEL stands out among the plenty of available GST Certification Courses.
- Course Name: GST Practitioner Certification Course
- Course Duration: 3 Months
- Course Fees: ₹ 7600
- Students are allowed to access the online learning content of 35+ hours which helps the students to improve their knowledge regarding the subject.
- Live interactive sessions will happen every Sunday with the GST faculty.
- You are allowed to complete the course before the course duration and can appear for the certification exam.
- Upon completion of the course, certification will be provided in association with the MSME, Government of India.
- Concepts and Basics of GST and Taxation
- Registration of GST
- Invoicing of GST
- Return Filing
- GST valuation rules
- Legal Provisions of GST
- You will get a piece of in-depth knowledge about the GST to start your career in the accounting and Finance industry.
- You will get practical knowledge about registration, and tax filing under the new GST Regime.
4. GST Certification Courses In Gujarat- Indian Institute of skill development training(IISDT)
This GST certification course is conducted by the Indian Institute of skill development training (IISDT). This is a National training organization accredited by the Government of India. Doing your GST course here will add a special place to your resume. This institute is awarded as a “Best Skill Training Organization in 2021” for its excellent performance in training during Covid-19.
- Course Name: Certification Course on GST
- Course Duration: 90 Hours
- Course Fees: ₹1000
- You will get free job assistance from the Institute after completion of this course.
- You will get a lifetime valid certificate.
- Upon the completion of this course, you have to appear for the online examination.
- In that exam, there will be 30 MCQs and you have to obtain at least 40% to get a pass.
- There are no negative marks for this exam.
- GST Introduction
- Reverse charge mechanism and Tax collection
- Tax planning concepts
- Descriptive statistics
- Tax credit and Tax Invoice
- This GST training course gives you complete practical aspects of the procedures followed during the GST filing process.
5. GST Certification Courses In Gujarat- Udemy
In Udemy, you can find a list of courses at an affordable price that is conveniently given to you in the comfort of your home. After attending this course, students will have the necessary knowledge about the GST tax regime and they will be well-equipped for their future. They help all types of organizations and their employees to go further places through their learning platform.
- Course Name: Complete GST Course & Certification
- Course Duration: 42 Hours
- Course Fees: ₹2,899
- You have a 30-day money-back guarantee for this course.
- You can access the video lectures both on your mobile and TV.
- You will get lifetime access to watch the recorded video lectures.
- Upon completion of the course, the certificate will be provided to the candidates by validating their skills through assessments.
- Basics of GST
- Registration under GST Composition Scheme
- Input Tax Credit under GST Regime
- How to Register for GST
- How to file Returns
- Transitional provision
- This course will teach you all you need to know about GST, turning you into an expert in the field. To succeed in this course, you only need a little curiosity to complete this course.
- GST Certification Courses in Ahmedabad
- GST Certification Courses in Surat
- GST Certification Courses in Chennai
- GST Certification Courses in Delhi
- GST Certification Courses in Goa
6. GST Certification Courses In Gujarat- Henry Harvin Education
Among the pioneers of GST certification courses and taxation courses in India is the Henry Harvin educational institution. India Today ranks Henry Harvin as the No.1 among upskilling institutes in India. This is the first institute to launch the GST course in Dec 2016.
- Course Name: GST Practitioner Course
- Course Duration: 32 Hours
- Course Fees: ₹12,500
- In this course, you will get a 360-degree knowledge of the GST regulations.
- This course will include the latest topics such as GSTR 3B, GSTR 1, and GSTR 2A.
- You will get internship assistance to get a piece of practical knowledge about the GST process.
- 100% placement guarantee for one year upon completion of the course.
- The classes will be taken by experts who have 20+ years of experience to get a thorough knowledge of the course.
- The certificate given by this institute is recognized by the Government of India.
- Supply or Levy, Export and Import, and E-way Bills
- Registrations, Tax credit and ITC04, Transitional provisions
- Invoice, Payments, Returns, and Refunds
- Litigation Management, Offenses, and penalties
- Soft skill development
- Resume Writing
- From this course, you will get a real-life experience about the process of GST and become experts after completing this course. Your doubts about the GST will be resolved after the training. Also, you will get an updated knowledge of GST after this training.
Job Opportunities for GST Certification Course:
There are so many career opportunities available after doing your GST certification course. Some of them are explained below
- Tax Manager:
It is necessary for every company to have a Tax manager who can handle tax-related issues of the company. The Tax Manager is responsible for the company’s direct and indirect taxes. The preliminary responsibility of the manager is to keep track of all tax due dates and policies, as well as to ensure that taxes are filed on time. Managing taxes is also part of the job of tax managers.
- Tax Research Analyst:
A Tax Research Analyst is in charge of proofreading and verifying contracts from a taxation perspective. For example, big organizations used to sign lots of new contracts now and then. For that they need a Research analyst to check the contract in taxation view. So they will make the organization in a more profitable way.
- GST Legal Practice:
The tax authorities have to stand on top of any changes that are made in the law. The notices are being sent out to taxpayers to ensure they are following the law and taking the necessary steps to stay in compliance. Professionals can help taxpayers to ensure they are on the same track as the government.
- GST Practitioner:
It is possible for a GST practitioner to perform certain functions for taxpayers under GST law. To become a GST practitioner you must also pass the test administered by the NACIN.
- GST Trainer:
To ensure that students receive the best possible education, it is important that GST trainers have the requisite knowledge and experience to convey the material effectively.
- GST Consultancy Practice:
With the right skills, certifications, and knowledge, a candidate can easily establish their own consultancy firm and offer value to a wide range of clients.
- GST Compliance Practice:
Organizations need to ensure that their GST compliance is in place, it has become necessary for many organizations to hire dedicated GST Compliance Practitioners for this purpose.
It is important to hire skilled and experienced professionals to accurately reconcile the books of accounts to avoid any unexpected outcomes.
Frequently Asked Questions:
1. Can a person who does not have an ICAI membership number, can register for the Certificate Course on GST?
Ans: No only the member can attend this program because while registering through the Digital Learning Hub of ICAI it will ask for your membership number to proceed.
2. What Is the Salary of a GST Practitioner?
Ans: In India GST Practitioners’ average salary falls within the range of Rs. 4.9 – 6.4 lakhs.
3. Is there any validity for that GST certificate?
Ans: The GST certificate has lifetime validity.
4. What are the types of GST?
Ans: There are four types of GST in India. They are
- Integrated Goods and Services Tax (IGST)
- State Goods and Services Tax (SGST)
- Central Goods and Services Tax (CGST)
- Union Territory Goods and Services Tax (UTGST)
The Conclusion: GST Certification Courses in Gujarat
Here are the top GST certification courses in Gujarat to answer all of your GST-related questions. The objective of all these institutes is to give you a comprehensive understanding of GST and assist you in becoming a thorough professional in the taxation field focusing on GST practice. If you invest enough time and effort into learning about GST Certification Courses in Gujarat, you can open up countless careers with lucrative career options. We believe that this article can assist you in selecting the appropriate GST course.
Wishing you all the best for your course. Happy Learning!!