7 Best GST Certification Courses In Lucknow With Placements

GST is the biggest tax reform independent India has seen. It is a comprehensive tax that has unified the indirect taxation of India. However, many people still find it difficult to understand this complex system. Here, we have compiled a list of the best GST certification courses in Lucknow.

What is GST?

The GST or Goods and Service Tax is a uniform indirect tax used in India on the supply of goods and services. It is a value-added tax levied on many goods and services for domestic consumption.

GST is an umbrella tax that has replaced many central taxes like excise tax, service tax, customs duty, surcharges, etc since 1st July 2017 and has simplified the taxation system of India. The GST brought a major change; earlier different taxes were paid separately to the state and the center, but GST subsumed all taxes into one and helped create the practical application of ‘One nation, one tax’.

This tax is levied on the supply of goods and services or both at each stage of the supply chain starting from the manufacturer to the last retail stage.

GST is an indirect tax, which means that it is collected by one party (mostly a retailer or a producer) in the supply chain and paid to the government, but it is passed on to the consumer as well as part of the purchase cost of the goods or services. In this taxation system, taxes paid at each stage credit in the subsequent stage of value addition. Therefore the consumer pays the tax for the product by paying more for the product. Thus, it is collected from the point of consumption rather than the point of origin like in the previous taxation system.

The slabs of GST in India

The goods and services in India are divided into 5 categories or slabs for the collection of taxes. These slabs are as follows:

• 0% tax rate – This slab is applied to certain essential foods like milk, salt, newspapers, books, sanitary napkins, homespun cotton cloth, etc.

• 5% tax rate – This slab includes primarily household necessities such as sugar, spices, coffee & tea, ayurvedic medicines, etc.

• 12% tax rate – This slab includes majorly processed foods including dairy products like butter, ghee, etc.

• 18% tax rate – This slab includes household products like soaps, hair oil, toothpaste, industrial electronics, computers, performances, catering, etc.

• 28% tax rate – This slab includes mostly luxury goods such as AC’s, washing machines, cars, 2 wheelers, 5-star dining, etc.

Almost all other countries have a single GST slab of about 16%. However, in consideration of the vast population of India below the poverty line, it was imminent to have a lower slab of 5% and offset with a higher slab of 28% to draw parity.

Types of GST

There are 4 types of GST

1. The Central Goods and Services Tax (CGST)
2. The State Goods and Services Tax (SGST)
3. The Union Territory GST (UTGST)
4. The Integrated Goods and Services Tax (IGST)

CGST

CGST is the tax levied by the central government on the movement of intrastate goods and services. In almost all cases, the GST paid on each transaction is divided into two equal parts; the part for the center is termed as CGST. Therefore the Central Goods and Services Tax is relevant when the seller and consumer function from the same state. The CGST is levied on goods and services for tax collection for the Central Government. The CGST is collected along with the SGST.

State Goods and Services Tax or SGST

SGST is the tax levied by the state government on the movement of intrastate goods and services. The GST paid on each transaction is divided into two equal parts; the part of the state’s share is termed as SGST. Therefore it is a tax collected in the case of a transaction when the state of consumption and state of production is the same. It is collected as a different tax in the case of intrastate transactions. Similar to CGST, it is levied across all sales and purchases and other non-exempted dealings.

Integrated Goods and Services Tax or IGST

IGST is the tax collected on the supply of goods and services between two states. In the case of tax collection between two states, instead of charging 2 separate taxes for the Centre and the State, the Government collects IGST, which is later divided equally. However, this doesn’t add to the burden of the consumer since IGST is equal to the SGST and CGST clubbed together. It is a tax charged by the Government to make sure that the tax is uniformly divided between the Centre and the State Government.

UTGST

The UTGST is the equivalent of SGST which is applied to the supply of goods and services in the Union Territories of India. The revenue earned through this tax is collected by the union territory government.

What is a GST course?

The primary objective of this course is to give an idea on Goods and Service Tax (GST) and the various aspects of it. GST is the biggest ever reform in the taxation system of India, and many people still feel they don’t understand it completely. This course addresses the requirements for concept clarity and provides comprehensive guidance in interpreting the various points of interest of the GST law as laid out by the government.

How is this course helpful?

The GST course gives an overall understanding of the GST laws including compliance, implementation, and enforcement. It helps one to understand how the GST would impact the functioning of your organization and indicate changes in the business process required for compliance with the new law.

Graduates, CA’s, company secretaries, financial and tax professionals, or any individuals who want a career option in this field can be interested in this course. It increases job opportunities, salaries and develops skills.

Even lawyers, entrepreneurs, government officials, or officers in the private and public sector have found this course helpful.

Who is a GST practitioner?

GST law is only a 5-year-old indirect tax law in India. Thus, there are natural apprehensions in the minds of taxpayers concerning registrations, return filings, refund claims, and other compliances under GST. To make GST compliance easy for businesses, the government has introduced various initiatives like GST Practitioners and GST financial centers to assist taxpayers in GST compliances.  

Therefore to state it simply, a GST practitioner is a consultant who provides services to other taxpayers through online mode. He/She is approved by the central and state government to perform taxation-related tasks on behalf of individuals or firms.

Eligibility Required for a GST Practitioner in India.

1. Must be a citizen of India
2. Should not have been convicted of an offense with imprisonment of more than 2 years.
3. Should be of sound mind.
4. Should not be adjudged as insolvent.

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Roles and Responsibilities of a GST Practitioner.

A certified GST Practitioner is liable to perform certain duties, which include:

1.Registration

He needs to assist in filing applications for GST registration on behalf of the taxpayer. He would also be required to make amendments/ cancellations of GST returns.

2.Returns

A GST practitioner may also assist in filing monthly/ quarterly/ annual GST returns such as Form GSTR – 3B, GSTR – 1, and GSTR – 9.

3.Refunds/Payments

A GST practitioner can also file refund claims or pay taxes of the registered persons.

4.Authorized Personnel or Representative.

The GST practitioner would be allowed to appear as an authorized representative before any officer of the GST department, Tribunal, or the Appellate authority.

GST Certification Courses in Lucknow

Various institutes are offering GST certification courses in Lucknow. We have listed the top 7 according to our survey.

1. GST  Course 

IIM SKILLS is a leading institute providing online education. They offer the GST Practitioner Certification Course in Lucknow with a very comprehensive module. The course provides thorough practical training in all the constituents of GST alongside the process of implementation and the role of GST in businesses. 

Highlights of the course are:

• It’s a four-week live training program
• The course includes practical assignments.
• They offer freelance opportunities
• They have a dedicated placement cell
• The course fee is INR 2900

Curriculum:

• Different types of GST
• Fundamentals of the GST Act
• Amendment and filing Returns
• Concept and structure of GST
• GST Registration and Invoicing
• TDS Compliances

Go through this IIM SKILLS GST Course Review

Contact: +919580740740, [email protected]

2. Certificate Course on GST 

Established in 1949, ICAI is a professional accounting body under GOI. It is a statutory body to regulate Accounting and Finance in India and is solely responsible for setting the Standards on Auditing (SAs). ICAI is a highly sought-after institute to provide authentic education for GST certification courses in Lucknow.

Highlights of the course are:

• It is available to the members (Chartered Accountants registered with the ICAI) only.
• Participants are expected to have basic knowledge of the taxation subject.
• 10 days duration (option of 2 weeks weekday batch is also available)
• The course will be conducted by a combination of practicing CAs, advocates, academicians, and experts.
• The course fee is 12,600 + GST for Lucknow (varies for other cities)
• Examination fees included in the course fees

Curriculum:

• Definition and Concept of GST
• Input Tax Credit
• Registrations, Returns & Payments
• Refunds
• Assessment
• Offenses and Penalties
• Exemption List of goods and services
• (See brochure for complete list)

Contact:

Secretariat

GST &Indirect Taxes committee

0120-3045954, [email protected]

Recommended Read: Financial Modeling Courses in Lucknow

3. Certificate Course on GST 

The Institute of Company Secretaries of India is a statutory professional body under the jurisdiction of the Government of India. The objective of the institute is to promote, regulate and develop the profession of company secretaries in India.

ICSI confers an online certificate course on GST. The course gives a complete insight into the principles of GST as well as information on the indirect tax regime. It enables the candidates to understand the concepts of GST and update them with the current developments. Undoubtedly, it is a great choice for a GST certification course in Lucknow.

Highlights of the course are:

• Any member of the institute and students of the Company secretary Executive program or higher can apply for the program.
• It is an online course delivered live through interactive webinars, and presentations
• 15-20 hours of live training, weekly in 2-hour sessions
• The course fee is INR 7,500, excluding taxes, which is non-refundable.
• Candidates will have to appear for an MCQ type examination and submit a project report for certification

Curriculum:

• Detailed Concepts of GST
• Tax Credit
• Registrations, Returns & Payments
• Refunds
• Assessment and Cancellations
• Offenses and Penalties
• Exemption List of goods and services

Contact:

www.icsi.edu

4. GST E-training Programme

Arun Jaitely National institute of financial management offers a GST certification course in Lucknow. AJNIFM is a highly sought-after academic center for professionals in the fields of Public Policy Making, Financial Management, and other governance issues. It aims at providing and promoting the highest standards of professional competence and practice.

Highlights of the course are:

• They offer a 5 day (Monday to Friday) online program which consists of 40 hrs training.
• Graduates, postgraduates, researchers, government officials, academicians or professionals, anyone can participate in this course
• Course fee starts at INR 10,000 no taxes (for graduates & postgraduates)
• Industry professionals and government executives with lots of experience conduct the classes.
• There is complimentary access to GST and related taxes.
• Online access to the course materials (recordings, presentations, etc.) is available to students 24X7

Curriculum:

• Goods and Services Tax (GST) Law
• Foreign Trade Policy
• Value-Added Tax (VAT) )
• Other Indirect Taxation
• GST Related Acts
• The Prevention of Money-Laundering Act
• The Foreign Exchange Management Act, 1999
• Customs Law
• Central Excise

Contact:

Program Director – PRM

Telephone: +91-129-2465209 /283

[email protected]

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5. Certificate Program on GST 

BSE (Bombay Stock Exchange Limited) Institute offers an all-inclusive GST certification course in Lucknow. The objective of this course is to provide participants a complete understanding of the GST tax system by enabling them to coordinate better with their company’s financial system with the prevalent GST regime.

Highlights of the course:

• Suitable for new entrants to financial services, industry professionals, stockbrokers, investment bankers, etc.
• Course duration is of 4 days spread over 20 hours in total and is conducted from 10.00 am to 5.30 pm
• The course fee is INR 9000 including taxes.
• Evaluation and Certification will be done by Bombay Stock Exchange Institute Ltd. after completion of the session.

Curriculum:

• Overview of GST
• Input Tax Credit
• Registrations and Returns
• Determination of Nature of Supply
• Time and Value of Supply
• Place of Supply of Goods and Services
• Payment of Taxes
• Online Demo of GST Registration

Contact:

[email protected]

6. GST Course

ICA Edu Skills is another institute offering GST certification courses in Lucknow. ICA Edu Skills is India’s premier training institute specializing in taxation, accounts, finance, and other job-oriented courses. It offers the candidates a GST course with in-depth learning of the various aspects of taxation alongside skill development. They also promise improved analytical skills and accounting to give an edge in job interviews.

Highlights of the Course:

• Anyone is eligible for the course- including students and professionals.
• The instruction method gives industry insights with practical training and placement support.
• It’s a short course of around 27 hours.
• They offer 100% Placement support
• Practical training provided by expert CA faculty.
• Mock Interview Sessions

Curriculum:

• Basic concepts of the GST Act
• Levy and collection of taxes.
• Valuation
• Payment of tax
• Registrations
• Filing returns
• GST using Tally
• Project on GST

Contact:

Phone: 18003458000

[email protected]

Recommended Read: Business Accounting and Taxation Courses in Patna

7. Professional Development Course on GST 

Taxguru Edu, the educational wing of Taxguru is offering a very competent online GST certification course in Lucknow.

The Course covers GST from Basic to Advanced levels, covering all the major compliances, including the filing of GST Return forms, E-Invoicing, handling assessments, precautions to minimize disputes with the GST department, along with case studies.

Highlights of the course:

• It is an online course with live streaming with updated GST laws.
• Monthly weekend batches of 3.5 hrs, totaling 30 hrs of detailed lectures.
• Course fee is INR 10,000 + 18% GST
• The medium of communication is English as well as Hindi to cater to all.
• Finance professions, businessmen, traders, individuals or beginners, anyone can join.
• Lectures are by renowned CA, Mr. Raman Singla.
• Recordings of the lectures shall be provided.
• Certification by Taxguru.

Curriculum:

• Goods and Services Tax (GST) Law
• Foreign Trade Policy
• Value-Added Tax (VAT) )
• Other Indirect Taxation
• GST Related Acts
• Registrations and returns.

Contact:

88-99-11-77-01 

[email protected]

FAQs

• What are the criteria for enrolling in the GST Practitioner’s course in Lucknow?

You have to be a graduate preferably from a finance and commerce background. Tax consultants and analysts, lawyers, accounting professionals have a great chance of excelling as GST practitioners since they deal with numbers in their professional life.

• Can I learn GST from home?

Yes! of course, there are many GST courses offered online in immersive live sessions as well as self-learning methods in the form of self-paced courses. you can learn about GST from anywhere you want.

• What are the three top skills required to become A GST practitioner in Lucknow?

The top three skills required to become a successful GST practitioner are to be able to work with numbers, to keep abreast of all news and new information relating to GST, and understand the tax structure and calculations well. Thus a strong grasp of mathematics is required to be able to excel as GST practitioners.

Conclusion

Through this list, we can know that there are good options for GST certification courses in Lucknow- provided by reputed institutions. All these courses are covering all the aspects of the GST regime and are affordable for all.

This list enables one to pick the course of their choice depending upon their requirement and professional background.