Top 7 GST Certification Courses in Nashik

On July 1, 2017, the Narendra Modi-led government initiated a paradigm shift in India’s tax structure and rolled out the Goods and Services Tax (GST) as an indirect tax to be levied on buying any manufacturing goods and services from the supplier.

Since then, there are many institutions that have started offering GST certification courses that intend to provide a basic to advanced understanding of GST as a tax to any individual or a group who is directly or indirectly involved with it. This article intends to provide its readers with the top 7 GST certification courses in Nashik.

In order to find out who all institutions are offering the best courses and what will be the advantages to opt for a course and finally which one to join, read the complete article.

It is highly recommended for the candidates to first know about the indirect tax structure of India before GST. Why was GST introduced?  What are the benefits and disadvantages experienced by the nation so far? What all a certification course includes and offers, and how it will benefit a salaried individual, a group of institutions, or an entrepreneur.

For all this, you need not go for a hunt in the infinite world of the internet. Patiently read this complete article and you will find every bit of information in simple and crystal clear words. So, let us start from the page before GST comes into the picture.

 Indirect Tax Structure of India Before GST

Before GST was introduced as the new Indirect Tax, there were different tax components of indirect taxes which were levied on goods and services. The components are as follows:

Excise Duty: Excise duty is a tax that is levied on the manufacturing of goods in the country. It was collected by the central tax from the manufactures in India.

Customs Duty: This is basically the tax which was levied on Import & Export by the Indian manufacturers and producers respectively. Custom duty intends to save local manufactures and producers, who are doing business within the country against those who are dealing with other countries.

The custom duty includes basic duty with excise portion and sale portion considering the scenario the same was manufactured and sold in the Indian market.

VAT/CST/Sales Tax: Sales tax was later identified as Value Added Tax (VAT) which was collected by the respective state Governments at different stages from wholesalers, distributors, and retailers on the sales done within the states.

The percentage differs from state to state. Whereas Central Sales Tax (CST) is collected by Central Governments on the sales done in central and union territories.

Entry Tax: This tax was levied on the moving of goods between the states.

Service Tax: This was paid whenever a consumer avails of any services, for example- eating in a fast food outlet or a restaurant.

Basically, if one can observe every tax is being levied on the dealing of goods and services. Besides, there were some unethical practices undergone due to the complex nature of tax norms before GST. So, in order to keep the tax world simple and sorted the government introduced the Goods and Services Tax ( GST) aiming for an ideal scenario of one nation one tax. Let us see further and identify the GST.

What is GST?

This tax solely includes the taxes on manufacturing, sales, and consumption of goods and services. The final price of the goods already includes tax which is transferred to the government by the seller after collecting the goods price from the final consumer.

Types of GST

• SGST ( State Goods and Services Tax ) / UGST ( Union Territory Goods and Services Tax )
• CGST
• IGST ( Integrated Goods and Services Tax )

Advantages and Disadvantages of GST

With the aim of an ideal scenario of “One nation, One market, One tax”, the government has initiated to implement GST from July 2017 onwards. Since then, the industry experts found some pros and cons of GST, which need to be addressed before going to consider GST certification courses in Nashik. Let us see further:

Pros:

Easy and Simple Procedures:

Tax adherence is a major cost to the companies operating in India. The companies before GST norms not only had to pay taxes, but they also had to present the data in a certain format and file the returns.

In order to operate under compliance with adhering to every norm and procedure and following a certain format, companies needed to hire industry experts who can handle all this on their behalf, which resulted in extra unwanted costs which cannot be ignored.

This resulted in the cost of compliance and reporting being extremely high. Indian companies were spending a lot of money to be tax compliant and this was apart from paying taxes.

Now with the introduction of GST, all this unwanted cost has been reduced to a marginal extent. It resulted in the smooth operation of companies in easy and simple procedures. It is easy for even a small business to understand government-enforced norms under GST and operate its business in an easy manner.

Evading Unethical Practices:

The GST is designed in a way that could reduce unethical practices by government officials. Every time goods cross state or region territories to reach target centers. The logistics tended to stop at taxation points like toll plazas, which would further result in huge truck queues.

The govt. officials would target them under red-tapism mentioning hard laws. The logistics people, tired of waiting at checkpoints, had resorted to bribing government officials to visit target centers early. They had to bribe different tax officials for different taxes. But now with GST, this unethical practice has stopped majorly and unwanted expenses have also been reduced.

No Dual Taxation:

The tax system previously was complicated. First, excise duty needs to be paid for the manufacturing of goods. After that, value-added tax or sales tax when the goods were sold to wholesalers.

Then interstate transport was paid and then final octroi expenses. This resulted in paying double or triple tax by the final consumer. Now, that also has been reduced majorly.

Exposing Black Money:

GST is a continuation of the strategy to fight a war against black money when Prime Minister Narendra Modi announced a change in currency notes in November 2016. Due to the decline in sources of black money, companies are now finding it much easier to operate smoothly under tax norms.

Recommended Read: Business Accounting and Taxation Courses in Nashik

Cons:

Less time for Implementation:

When the Government announced GST and its implementation day, the companies had very little time in hand to change their current software and update them, which was not easy for them.

The government didn’t check that the working software was very complex, and it would take time for the software companies to make necessary changes and update them to work on it again. This made companies work night and day. Small companies or business owners are still finding it difficult to operate their software.

Revenue Positive:

Experts have claimed that GST will be revenue positive, which means that it will make people lose more money to the government.

To sum it up, GST is also not an ideal policy. However, the degree of disadvantage is much less as compared to that of the previous policies. As time passes by, the people will adjust to the policy better. It is likely that GST will give desired results in the long run.

After seeing every important factor of GST, now is the time to explore the world of GST certification courses in Nashik, and Let us see, what is more suitable for you. However, the ultimate decision will solely be yours to make.

Top GST Certification Courses in Nashik

1. IIM SKILLS

IIM SKILLS is an institution that needs no introduction- when it comes to some major certification courses and training in in-demand skills in various industries. It offers a Master GST course in Nashik.

IIM SKILLS works with some best faculties in India who aim to provide a basic to advanced understanding of the courses it offers. The GST certification courses in Nashik are one of the most popular courses offered by IIM SKILLS. The best part is you can take a demo class with IIM SKILLS, and only if you are assured can further go with the course.

What IIM SKILLS Ensures for  You?

• Proper understanding of Goods and Services Tax. Its inception, compliance, implementation, and enforcement.
• It helps in understanding the impact of GST on businesses / Organisations.
• It helps in acquiring a practical knowledge of all processes under GST, be it registration, TDS compliance, filing of returns, or refunds.
• It enables you to become job-ready with an in-depth understanding of all GST provisions.

What does IIM SKILLS offer?

• Online sessions are pre-recorded to help you understand the course content to match your own pace.
• A completely researched syllabus that is in sync with the latest developments in the GST domain.
• Leading industry experts provide complete case studies-based training to deliver an immersive learning experience.
• To provide you with complete insights into the theory and practical implementation of GST for conceptual clarity.
• By the end of the course, you will be well equipped with all tactics and knowledge to operate smoothly for business/organization and you will even be able to understand the areas of impact to prepare for unexpected situations.
• With the help of discussion forums, hands-on doubt resolutions are offered.
• IIM SKILLS offers lifetime access to its class recordings, study materials to students.
• It offers 24*7 assistance to students whenever required.

More Courses at IIM SKILLS

• Technical Writing Course
• SEO Course
• Digital Marketing Course
• Content Writing Course
• Financial Modeling Course
• BAT Course

Contact: +919580740740, [email protected]

2. ICA Edu Skills

ICA Nashik is one of the best institutes which offers 100% job placement GST certification courses in Nashik.

Why ICA?

• 100% Placement Support
• Expert CA Faculty
• Practical Training
• Soft Skills Training
• Mock Interview Sessions
• Any Time Job Card
• 20 years of expertise

Recommended Read: GST Certification Courses in Nagpur

3. ICMAI Nashik

Institute of Cost Accountants of India was founded in 1975. It has got 5 points on google reviews. ICMAI also is one of the prime institutes offering GST certification courses in Nashik.

Courses Offered:

Certificate Course on GST

Course Duration: 72 hours

Mode: Online and offline

Advanced Certificate Course on GST

Course Duration: 40 hours

Mode: Online only

4. RCE Education

Established in the year 2007, RCE education is one of the best choices for the GST certification courses in Nashik. On Google reviews, RCE has got 4.8 ratings.

Course Structure:

• Trial balance
• Ratio analysis
• Indirect calculations
• Income & expense statement
• Track your inventory across warehouses
• Budget & scenario
• Order processing
• Stock aging analysis
• Stock cost estimation

5. RD’s Institute of Accounts and Taxation 

Rajendra and Deshmukh’s – RD’s Institute of Accounts and Taxation was founded on July 4th, 2017, and is claimed as one of the best institutes in career commerce in India providing practical training and skills required by corporate.

The major offerings are GST certification courses in Nashik. The faculty here in this institute has 10 years of experience. The faculty which provides the complete training includes CA. Rajendra Dangi himself is the director of the institute. The RD’s institute emphasizes practical knowledge be imparted on the students delivered by teachers of the RD’s institute.

Course Contents:

• Indirect Tax before GST
• Goods and Service Tax concept
• Present Taxation Systems Vs. GST
• Applicability of GST
• Registration of GST
• Concept of Types of GST
• Charging of GST
• GST Rate Structure
• Supply of Goods and Services
• Point of Taxation, Value of Supply
• Input Credit Mechanism in GST
• Accounting Entries with Project Work
• Calculation of GST components
• Preparation and Filing of GSTR- 3B
• Preparation and Filing of GSTR-1,2,3,4,5,6,7,8 and 9
• Payment of Goods and Services Tax
• Refund of Tax

Courses for:

• Any undergraduate after 12th and pursuing (BBA, BCOM, BBM)
• Existing Job Peoples for Promotions
• Businessman / Housewives

Recommended Read: GST Certification Courses in Pune

6. The Magnificence of Management & Info-Tech Institution India ( MMITI )

It offers in-demand GST certification courses in Nashik. They emphasize providing quality education & services at an optimum price. They offer different training courses for students and guide them for campus interviews.

Their aim is to help underemployed candidates to uplift their knowledge and skills and achieve their respective career goals. They assist in the understanding of new technology and regulate advanced courses in Tally ERP 9 with GST.

Why MMITI?

• 44 centers providing GST certification courses in Nashik and other parts of the nation
• Scholarship faculty
• Elearning facility with online study
• Provides government-recognized schemes.
• All courses & facilities in one institution

Course Highlights

• The course duration is 3 (three) months
• It has one semester
• Eligibility –10th
• Tally ERP 9

7. Edu Pristine 

Edu Pristine is another widely known institute that offers GST certification courses in Nashik. Edu Pristine has more than 10 years of experience. Their training structure aims to mark a strong impact on the ambitious students, who want to lead a successful and well-planned career. Provisions of customized classroom and online learning solutions are available.

Special Features:

• Exams oriented content
• Training by qualified professionals
• Mock test for pre-exam evaluation
• 24*7 dedicated discussion forums
• After course engagement
• Soft Skill Training
• Customized career guidance
• Placement assistance
• Online learning solutions

 EDU Pristine GST Course

Through this module, you will understand GST- right from scratch grasping theoretical knowledge to practical implementations of the regulation on any business.

Course Contents:

• 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 in Tally
• GST v/s Previous Indirect Tax

Recommended Read: Financial Modeling Courses in Nagpur

Why Opt for this Course?

With GST in the picture, opportunities for significant jobs have arisen as businesses demand hiring GST professionals for its management and its revisions. The Indian market has vast scope for upcoming aspiring students.

Due to the complex nature of taxes and their components, not everyone invests their time to understand GST. It simply turns out to be a great opportunity for maximum job seekers to learn about GST and be in demand for the business to run smoothly parallel to GST norms and its factors.

Who can Pursue the Course?

Any undergraduate, graduate, M.com, MBA, and working professional, who aims for a well-equipped career in accounting and taxation. The basic lead to pursue this course is the aspirant needs to have a logical approach and a vast understanding of accounting and taxation processes.

Frequently Asked Questions

1. What are the benefits of a GST certification course?

It enlarges the scope for the number of job opportunities available to individuals. The certificate holder can start his or her own consultancy business. It enables accounting, finance, and taxation professionals to develop their skills.

2. What is the best online course for GST?

It is undeniably IIM Skills which tops the list currently in India’s best online courses offering institution. IIM Skills offers courses in digital marketing, content writing, GST Certification Course, etc.

3. Who issues a GST certificate?

After verification and approval for GST REG-06, the Goods and Services Tax department issues the certificate.

4. What is the role of a GST practitioner?

GST practitioners ensure timely GST payment on behalf of the employer. Also, they need to apply for GST registration and amendments whenever needed and claim a GST refund.

5. What are the duration and fees for the GST certification course by IIM Skills?

The duration of the GST certification course is four weeks wherein batches for weekdays and weekends are available, and the fees for Master GST Practitioner Certification Course is INR 2900 /- (inclusive GST.)

Conclusion:

To conclude in the simplest manner, the introduction of GST has seen major positive effects on businesses and individuals in order to understand tax structure better.

Now, it is easier for any business owner to start its business under the norms of GST, and the market has experienced a major population to operate smoothly under GST.

This further resulted in increasing demands of GST-certified professionals by the businesses and the scope for upcoming aspiring professionals to uplift their skills and knowledge and seek further career opportunities.

There are many online and offline courses provided by institutes. This article has made a simple and sorted list of the best institutes offering GST certification courses in Nashik online and offline- both in a manner that aims at not to waste any time of the candidates so that they can decide with utmost clarity and start their career with time.