Details On GST Certification Course and GSTP
Here is a detailed guide to all you need to know about GST certification course and GSTP. with this you will be able to have a concrete idea of what is GST and what to expect from GSTP courses and training programs.
What is GST
Simply put, GST is Goods and Service Tax. Well, the important thing to understand about GST is its purpose.
Change in the Indirect Taxes
First things first, it is one of the historical changes in the indirect taxation system. Okay, so let us dig in a little more. Before GST, we had multiple indirect taxes such as VAT and excise tax. These taxation systems would end up multiplying over one another.
In layman’s terms, we would have to pay tax upon tax. You would pay tax for paying tax. This phenomenon is called cascading. Maybe Einstein was right, taxation is something that is complicated to understand.
GST removes Cascading
Well, GST precisely aims at avoiding this cascading effect. The tax is applied to the supply of any goods or services. Hence the name ‘Goods’ and ‘Service.’ removes the entire burden from the consumer who buys the end product and distributes the tax load equally on all the touchpoints of the supply chain.
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Getting down to Understanding GST
Okay, let me explain that fancy statement. Any product goes through different stages before reaching out to the customer. Agree with that?
A Tax based on Stages [Multistaged]
First, the raw materials are acquired. Then, these raw materials are processed to manufacture the product. Next, it is marketed to the wholesalers who pack the product in bulk and store it. Finally, the retailer purchases the products and finally sell them to the consumer.
Did you notice the number of stages the product has to go through to reach out to you, the consumer? It is a multi-stage process.
A Tax based on Value Added
Also, at each stage, there is some effort that goes in to make the product more user-friendly to the consumer.
Basically, these efforts add value to the product. At each stage, there is some value added to the product.
Based on Destination
Furthermore, at each stage in the supply chain, notice that the product reaches a different destination. For instance, the raw materials may be procured from say Punjab and processed in say Maharashtra.
The tax is levied even on this. However, a part of the tax goes to the central government and another part goes to Maharashtra.
The most important thing to understand here is that the entire tax is
- Based on value-added
- Destination Based
Understanding some more Fancy Terms
Now let’s understand the example above (Punjab-Maharashtra). GST is of three types. You might have seen it on the bills right?
- CGST – The tax that goes to the central government when a sale happens within the state.
- SGST – The tax that goes to the state government when a sale happens within that particular state.
- IGST – This is the tax collected by the central government when a sale happens between two states (As in our example)
GST – Single Domestic Bill
Notice that GST is the tax applicable only within India. This is; therefore, a domestic tax. The historic GST was passed on the 29th day of March 2017.
So this is quite a recent bill; however, with great toil and history behind it. Read the next section to know more about the history of the GST bill in India.
History of GST in India
2000 – GST law drafted under PM Vajpayee
2004 – Implementation of GST concluded by a task force
2006 – The then Finance Minister considers introducing GST in 2010
2007 – Phasing out of CST (Central Sales Tax)
2008 – Dual GST structure finalized by EC
2010 – Computerized commercial tax, Implementation of GST delayed
2011 – Amendment of the bill in the constitution to incorporate GST law
2013 – Standing committee prepares its report on GST
2014 – Then Finance Minister reintroduces GST bill in the parliament
2015 – Lok Sabha passes GST bill
2016 – GST law passed in both the houses, gets the presidential nod
2017 – GST launched on 1st July
The GST certification course helps you understand the role of GST in supply chain optimization, pricing, and invoicing.
It also helps you increase your salary or start your own consultancy firm on successful completion of the course. For taxation and finance enthusiasts, this is the right course.
With so many benefits, we definitely have to understand what a GST Certified Practitioner does.
Details on GST Certification Course, and GSTP
Role of GSTP or GST Certified Practitioner
A GST-certified practitioner is someone who is approved by the state and the central government.
Once appointed, the particular person can guide the taxpayer to apply for GST registration; cancel the registration; claim monthly, quarterly, and annual returns; and pay taxes on behalf of the businesses.
Additionally, the practitioner can appear as a representative before a member of the GST body.
How to Become GST Certified Practitioner
Registering for the GST Certification Course is an easy process. The aspirants are required to upload the necessary details to the GST portal.
They would then receive their Temporary Registration Number (TRN). Upon which they have to verify the details submitted through an OTP received on their registered mobile number and submit the application.
After the completion of the process, GSTP acknowledgment is sent to their registered email ID. Remember PTC-01 is used for registration and the acknowledgment is sent through PTC-02. Within two years of enrolment, the aspirant is expected to take up the examination.
After knowing all about how to become GST certified, you might be wondering if you are eligible for the course. Okay here is the heart of the matte, “GST Practitioner is a skill-based job.” Of course, our niche is skill-based learning.
So with a basic degree qualification in the relevant field, you should be good to go. Check out the next section to know more about eligibility.
Eligibility for GST Practitioner Exam
Graduates, Chartered Accountants, Company Secretaries, Law aspirants, Individuals who want to switch from finance to taxation, individuals in search of career opportunities in taxation, and professionals in requirement of knowledge on taxation are eligible for this program.
GST Certification Course, and GSTP
There are numerous institutions and online resources offering the course for GST practitioner certification. It is only a matter of choice and platform chosen by the individual.
There are multiple institutes such as ICMAI, ICSI, and ICAI along with other governmental institutions offering the program.
Check out this article thoroughly to know more!!
Free Online GST Certification Course, and GSTP by government
The Government of India offers free GSTP certification via SWAYAM. SWAYAM is a Massive Online Open Courseware pushed forward by the government to provide knowledge free of cost.
The certification program is offered together by Netaji Subhas Open University and Indira Gandhi National Open University (IGNOU). The coursework provides an idea about Goods and Service Taxes.
The coursework is divided into 10 units. The course instructor is Professor Anirban Ghosh.
On successful completion of the course, aspirants would be able to help small-scale industries and small business owners submit timely GST returns and registrations.
The course is intended for undergraduates and post-graduates from business and commerce backgrounds. The course also caters to the interest of other working professionals.
At the end of the course, the students are expected to take up an MCQ-based exam after which they are awarded a GST practitioner certificate.
- Broad Overview of GST and its benefits
- The Idea of supply
- Introduction to Reverse charge mechanism
- Composition of GST
- Rules of Valuation
- The Concept of GST returns
- Interest, Penalty, and Prosecution
- Provision of Interest, Penalty, and Prosecution
- Dedicated revision
Online GST Certification Course, and GSTP By IIM SKILLS
IIM SKILLS is a pioneer in online training providing a variety of courses in writing, online marketing, cat coaching, and GST. The GST Certification Course is one of the finest courses for aspiring GST Practitioners.
The course duration is for 4 weeks and includes lectures and practical training. The course is practical oriented but you get a strong foundation by learning the theoretical concepts as well.
The learning management system helps students to access course content, study materials, recorded classes
The course fee is INR 11,900+18% GST. The fee covers the examination as well as the Certification fee.
- The Significance Of GST
- Genesis, and Structure Of GST
- Reverse Charge Mechanism
- Input Tax Credit Claiming
- Debit And Credit Notes
- Rules and Terms of GST
- Applicability of GST
- Due Date and Return Forms.
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GST Certification course, and GSTP by MSME
Micro, Small, and Medium Enterprises (MSME) are popularly known to offer GST certification courses. It aims at enhancing the knowledge of GST of CA, CS, and other interested professionals.
The duration of the course is for four days. It is conducted on the weekends between 10:00 AM and 5:30 PM. The course fee is reasonable at Rs.7500 inclusive of GST.
On cashless transactions such as UPI or NEFT, there is an additional 5% off the GST of the fees.
GST certification course, and GSTP by ICMAI
The Institute of Cost Accountants of India is a statutory body under the Act of Parliament offering the GSTP course. Qualified cost and management accountants, students of CMA, CA, CS, MBA, and lawyers are eligible for the course.
There is a separate fee for the exam and the enrolment. For non-CMA members, the enrolment fee is Rs. 10,000 + 18% GST. For the members; however, the enrolment fee is Rs.8000 + 18% GST.
The institute also offers interesting discounts for corporates: 15% off for companies with 5-10 employees and 20% discount for companies with more than 10 employees.
The exam fee for all the members are alike; Rs.1,000 +18% GST. The mode of the course and assessment is done online. The coursework includes study materials and timely mock tests. The duration of the course is for 72 hours which includes a doubt clearing session.
As a part of the exam, there are 100 MCQs. A minimum of 50% is required to pass the exam. The duration of the exam is for 2 hours.
There are multiple exam centers available to choose from. North India – New Delhi, Lucknow; East – Kolkata, Guwahati, Ranchi, and Patna; South – Bangalore, Mysore, Chennai, Coimbatore, and Vishakhapatnam; and West – Ahmedabad, Mumbai, Nashik, and Surat.
The information provided is subject to change; for updated information please contact [email protected]
GST Certification Course, and GSTP by IIFM and ICSI
The course is also offered by the Indian Institute of Financial Management (IIFM). Interested individuals can register on www.icsi.edu. The confirmation is based on first cum first serve basis. The mode of payment is online.
The course focuses on the advanced level of GST and focuses on building a solid knowledge base. The institute offers a blend of web-based and self-study methodologies. At the end of the course, the exam conducted is computer-based testing (CBT).
The course duration is four Sundays and 25 hours of online training. In order to qualify for the exam, 60% attendance is mandatory. If a person misses some classes, there is an opportunity provided to view the recorded classes.
In case a person fails to clear the exam, s/he is provided two more attempts at no extra cost. On successful completion of the course, the certificate is jointly awarded by ICSI and NIFM.
Overview of GST (CGST/SGST)
- Meaning and Scope of Supply of Goods and Services
- GST Registration Process
- Role of GSTN
- Filing of Returns
- Types of Returns and Formats
- Input Tax Credit
Session – 2
Overview of IGST Act
- Supply of Goods and Services
- IGST and Fund Transfer
- Time and Valuation of Supply of Goods and Services
- Input Tax Credit and ISD
- Electronic Commerce and Job work
Session – 3
- Tax Invoice, Debit Notes, and Payments
- Transitional Provisions
- TDS and TCS in GST
- Compensation of States under GST
- Demands, Recovery, and Refund
Session – 4
- Assessment and Audit
- Methods of filing GST
- Revision of GST
- Advance Ruling
- Inspection, Seizure, and Arrest
- Prosecution, Offences, and Penalties
Session – 5
GST Certification Course, and GSTP for CA students
The course is also offered by The Institute of Chartered Accountants of India. The duration of the course is for two months. The aspirants can choose between weekdays and weekend batches. The classes are between 9:30 AM and 5:30 PM.
The course offered is useful for members of service and auditors. The course fee comes with two different tax rates depending on the city.
For cities such as Delhi, Kolkata, Chennai, Mumbai, Hyderabad, Pune, Ahmedabad, and Jaipur the fee is Rs.14,000 plus taxes. For the rest of the cities in India, the fees are Rs.12,000 plus taxes.
GST Certification Course in Major Cities
Located in Mumbai, IITPR offers a GST certification program. The main focus of the institute is on the theoretical concepts of GST and GST software training.
It claims to be the only institute that provides software training. In fact, it provides free GST software as a part of its coursework.
The course also gives an independent exposure to the students in filing the GST returns as a part of imparting practical knowledge. Additionally, the students are guided to procure more clients and file their GST returns.
In this way, the institute ensures that the students are ready to start their own firm after the completion of the course.
The students are also assisted in registering themselves for the GST Practioner’s certificate program through the GSTN portal. 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
Laqshya is another GST Certification coaching center located in different areas in Mumbai since 2009. The branches are at the following places:
- Mira Road
With these many branches, the institute is known to offer an instructor-led classroom training program. They offer two batches: weekdays and weekends.
Laqshya offers its course to graduates and assists them with placements after completion of the course. The institute is also known to have tie-ups with some companies.
Another key takeaway from this institute is that it has a dedicated mobile application and a student portal.
MyTectra offers a global learning solution. It is located at BTM Layout in Bangalore and is known for offering the best of the training for Advanced Warehouse Management.
GST certification is one of the training solutions that they offer. As with most other institutes, they offer both 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. 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 keypoints while training the students for the interview.
Ria Institute offers both online and instructor-led classroom training programs. It has weekday, weekend, and fast-track batches. The students are given a chance to choose a batch suitable to their needs.
The coursework consists of three categories: Diploma in GST for Beginner, comprising of 15 chapters for 40 hours; Diploma in GST-Intermediate, comprising of 12 chapters for 60 hours; and GST in Tally, comprising of 9 chapters for 30 hours.
The membership comes with a one-year free login. The syllabus for the first two modules is the same as the syllabus mentioned in this article previously.
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. The institute focuses on contemporary indirect taxes. The duration of the course is for two months.
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 Bannerjee lane, Kolkata; Precise HRD services provide training to up your skills. GST certification is one of their offerings. The trainers of the institute possess 20+ years of experience and focus on practical training.
The offerings of Precise HRD Services for GST certification is as follows:
Advance 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, and books along with 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 weekdays and weekend batches.
SLA Training Center
SLA Training Center is located at Gurgaon and Noida. One of the best things about this institute is that it has multiple batches. 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 allowed to participate in a GST workshop inclusive of a case study.
Along with this, the students are assigned 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 includes 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:
Monday – Friday
- 8 AM – 10 AM
- 10 AM – 12 PM
- 2 PM – 4 PM
- 4 PM – 6 PM
Saturday and Sunday
8 AM, 12 PM, 2 PM, 4 PM
- 8 AM – 10 AM
- 10 AM – 12 PM
- 2 PM – 4 PM
- 4 PM – 6 PM
ICA Edu Skills aims at providing you an opportunity of employment by equipping you with
- Systematic knowledge upgrade
- Problem-solving skills
- Improved analytical skills
- Decision-making skills.
After the completion of the GSTP course, you would be able to start your own firm or get placed 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 at choosing the right skill and the right institute to master the course. Check out our website to know more about other skill-based knowledge.