The Complete Guide to GST and GST Certification Course
This article is an overview of the GST and GST Certification Course, and what to expect after the completion of a GST course. Your question is “What is GST Certification Course”? Well before finding what is GST course is, I would like to give the complete basic knowledge of the short-term word GST. Everyone has their own opinion regarding GST whether it simplifies the taxation system or not. Here I am briefing you so that you can make your opinion regarding it. And then later on in this article, I will describe “what is GST Certification Course” and I will also assist you to find better courses in GST with certificates as well.
What is GST?
Well, its full form is Good night, Sweet dreams, and Take care. LOL, I am just kidding. GST is a wide topic to cover. But I will try to make you understand in a very simple and short way. Firstly, GST stands for Goods and Services Tax.
There are two types of taxes that the government collects. They are: –
Direct Tax: Here the government directly collects the taxes from the citizens, like income tax, property tax, corporation tax, etc.
Indirect Tax: And indirect taxes are applicable on the buying and purchasing of products. There are 17 types of indirect taxes earlier and Government merges all these 17 taxes and applicable GST.So, GST is the combination of Indirect taxes.
Before the GST, there were so many taxes in India. We had EXCISE TAX, we had service tax, we had custom tax, we had VAT (Value Added Tax), we had CST (Central Sales Tax), we had OCTROI and so many other taxes were there. So, to simplify all the mess of taxes, Our Government has come up with a solution i.e., GST. On the 1st of July 2017, the prime minister of India Mr. Narendra Modi Ji has announced the policy of ONE NATION ONE TAX that is called Goods and Services Tax.
As said by our Prime Minister Mr. Narendra Modi Ji that GST will bring One Nation One tax, but you must have observed at any of your restaurant bills, or mart bills, or any other bill. There are two or three taxes are mentioned CGST tax, SGST, or IGST. So, is it following the One Nation One Tax policy??? Well, the answer is Yes, there are a few components of GST, these are CGST, SGST, IGST, and UT- GST.
Now CGST is Central Goods and Services Tax, SGST is State Goods and Services Tax and IGST is Integrated Goods and Services Tax, and UT- GST is Union Territory Goods and Services Tax.
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I am just briefing these terms for your understanding with the help of an example. As far as my opinion you must be going to purchase an online course, If the course provider is also from your state then, he will charge you CGST + SGST. That means 9% tax will be kept by the state government and 9% will be forwarded to the Central government taxation fund.
And if the course provider is from other states not from your state then they are going to charge IGST that is an 18% integrated tax. Now coming to UT -GST. UT-GST is for all the Union territories. We have in total 9 union territories (Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, and Daman and Diu, National Capital Territory of Delhi, Jammu, and Kashmir, Lakshadweep, Ladakh, and Puducherry).
In UT- GST you also have to pay 18 % tax on your Goods and Services, in which 9% tax will be kept by the particular Union Territory and 9% will be forwarded to Central Government. 9% of GST will always be forwarded to the Central Government because State, Interstate, and Union Territory all come under the Central Government. Now you can also check your previous bill and check whether they are charging CGST+SGST or just IGST.
GST Registration Details
Now there must be a question arising in your mind that Who is going to charge GST? Is everyone who is providing GOODS or Services are eligible to charge GST? For example, the watchman of your building, or the rickshaw driver is eligible for charging GST as they are providing services to us. So, the answer is No, this is not the scene. There is a registration process for it. You have to do the registration then only you are eligible for charging the GST. And the registration process requires minimum criteria. And if anyone who is fulfilling the criteria is eligible to register for GST and the ability to charge GST.
For business, the minimum turnover per year is 20 lakhs, if someone is doing any business and their turnover is 20 lakhs per annum then he or she has to mandatorily apply for GST registration. And if someone whose minimum turnover per annum is not 20 lakhs then he can also register for GST but there is registration is called Voluntary registration. One more important point to highlight is that if someone is selling products or services online or doing inter-state business then they have to do the GST registration mandatorily, without the matter of their turnover. 20 lakh turnover threshold just disappears when it comes to online. These are again very basic details; the story of GST and its Registrations is very huge.
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There are a few forms which are currently required to be filled by the businessmen. They are GSTR-1 and GSTR-3B. Just briefing it. GSTR-1 is the form in which a businessman is going to share the full details of their business income from the business to business and from business to customer. GSTR-3B is a bit complicated, but I will try to explain it in a very simple manner.
Let me take an example You are a person who is selling some X product at 100 rupees and you have collected 18 rupees from your customer, now you also have purchased this X product from some wholesale market I will say at some price and you as a customer to the wholesaler you paid suppose 8 rupees as a GST, So you are only supposed to pay 10 rupees to the government as a tax. Now in this form, you will share all data of how much GST you collected from your customers and how much you have paid as a customer. I hope you are a bit clear about this.
Now we come to the main question that “What is GST certification course”.
The answer is the same as the name suggested in the question. It will provide you with depth knowledge of GST and its various aspects. It will uplift your skills and add a star to your resume.
These are a few online courses for GST, I Have searched a lot, and now for your ease just enlisting them here with the complete details of the courses: –
1. IIM SKILLS
IIM SKILLS is one of the most well-reputed and leading online education providers. The institute offers an incisive curriculum on GST in their meticulously designed Master GST practitioner course. The course comprises learning the important elements in the GST Modules. There is hands-on learning through the implementation of those modules.
Everything from the smallest details of GST to the major elements is covered in this intensive course. The course fee is Rs 11900 + 18% GST.
Course curriculum includes
- Overview of GST
- Understanding the Different Tools, And Software
- Conditions For claiming ITC
- Reverse Charge Mechanism
- Payment under GST Act
- Registration Process and Criteria under GST Act
- Invoicing Rules, Regulations
- GST Returns
- Benefits of GST
- Terms and conditions for GST
- e-way Bill, and Many Others.
IIM Skills helps you to get clarity on GST and helps you to become efficient and confident GST Practitioners. You can assess your suitability for the course by connecting with a GST expert at the institute. All your doubts will be cleared and you can decide whether you want to pursue the GST Course.
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2. What is the GST certification course by TCT Academy:
It is a TATA group platform that provides many courses. And here you will get your course with the name “Certificate Course in GST”. This course will provide you the complete knowledge of the GST Law and its implementation, compliance, and enforcement. And also, this course will tell you how GST will impact the functioning of any organization and changes in the business process required for compliance with the new law. You will come to know about GST registration, return filing, Input Tax Credit, TDS (Tax Deduction at Source for Government Buyers), and many more.
Who should join this course?
- Industry Related People like Traders, Bankers, Finance and accounts professionals, CA interns, CA practitioners, SME’s, Business Heads, Business Owners, etc.
- GOVERNMENT Person like Finance and Account officers, Department Heads, Project Heads, Tax Officials, etc.
- Academic People like Faculty Member, Researchers, and Students from Finance, Commerce, Business, Economy Management, etc.
The course duration is of 15 weeks and 2 hours per week. And the language of the course is English. The course fee is rupees 3,540/-.
3. What is the GST certification course by CAclubindia: –
It is an online platform that provides you with a complete detailed course on Good and Services Tax. It will provide you the course with practical case studies. It also provides knowledge of the current scenario of the GST system. Moreover, the course will give you the detail of the preparation of GSTR – 9 and GSTR – 9C and also the filling process of GSTR – 9 as well as GSTR – 9C. It provides different case studies from the High court. It has Exclusive Sessions for Questions and Answers as well.
Here is the brief course detail. The course will be covering the following topics: –
Threshold limits, Time and Value of Supply, Taxable Person & Registration, Input Tax Credit, Place of Supply for Goods or Services, Zero-rated Supply (including Refund), Tax Invoice, Introduction of E-Invoicing under GST, and Job Work, Existing Return and New GST Return System under GST & E- Way Bill, Clause by Clause filing of GST Annual Return (Form GSTR-9), Levy & Supply under GST, Clause by Clause filing of GST Audit Report (Form GSTR-9C), Inspection, Search, Seizure, and Arrest under GST, Advance Ruling under GST, Appeal, Revision, Offence & Penalty in GST, Questions, and Answers,
This course is suitable for
- Charted Accountant who wants to diversify their field in GST Field.
- CA Students CA Freshers.
- B. Com / M. Com graduates
- Commerce, Law, Banking including Higher Auditing, or Business Administration or Business Management, etc.
This course is completely online and the course duration is one and a half months. The total length of the videos is 60 Hours. The course fee is Rs. 6599/-.
4. What is the GST certification course by ICSI: –
ICSI works under the jurisdiction of the Ministry of Corporate Affairs, Government of India. It will provide the best quality education to the students of the Company Secretaries (CS) Course and best quality set standards to CS Members. It stands for The Institute of Company Secretaries of India (ICSI).
The eligibility of this course is the members of ICSI and the professional program students of the ICSI.
The duration of the course is 5 weeks. Classes will be conducted online mode. 6 Hours class will be taken on Saturday and Sunday.
The fee structure of the course is Rs 7500/- plus GST. They will also do an online assessment MCQ-based. After purchasing the course, they will also provide study material in soft copy.
5. What is GST certification course by ICAI: –
ICAI stands for Institute of Chartered Accountants of India. The Institute works under the administrative control of the Ministry of Corporate Affairs of the Government of India. The ICAI is the second largest professional organization of Chartered Accountants in the world and it has a strong tradition of service to the Indian economy in the public interest.
About the course on GST certification by ICAI: They offer 10 days course, option 1 classes on weekends, and option 2, classes on weekdays. So, you can choose accordingly. This course will be highly beneficial to those who are associated with Services and Auditors.
They will take the test also to check your understanding of the subject. The course will entail all these Definition and Concept under GST, Levy, Time of Supply, Place of Supply, Input Tax Credit, Transitional issues, Valuation, Ethical Practice Registration, Customs Duty, Returns, Payment, Exemption List of goods and Services Refund, Assessment, Offences, Penalties, Advance Ruling, Ethical Practice, Overview of GST Compensation to States Act, 2017.
The course fee is about Rs 14,000/- plus taxes for cities like Ahmedabad, Bangalore Chennai, Delhi Hyderabad Jaipur Kolkata Pune. And for the rest of the cities, it is Rs 12,600/- plus taxes.
6. What is the GST certification course by MSME: –
Before hopping into the course, I would like to brief you about NI-MSME. NI-MSME is an organization that stands for National Institute for Micro, Small, and Medium Enterprises. It works under the ministry of government. This organization assists to set up or build the business and further helps in its enhancement and improvement. It provides skills to a person to set up their small industry. This is one of the best initiatives of the Government.
About the course: NI-MSME provides a course named “Training Programme on GOODS and SERVICES tax (GST)”. The detail of the above course is as follows: –
This course will give you the concept of transitional issues relating to migration from the current indirect tax structure to the GST regime. Another benefit is that you will understand how GST plays a crucial role in Industry services and trade. Other than this, you will also be benefitted from the knowledge of the GSTN framework. And also get the practical knowledge of Tax Compliance Mechanism.
The duration of the course as “Training Programme on GOODS and SERVICES tax (GST)” by NI-MSME is of 3 days.
The course fee is Rs 7500/- for the residential students and Rs 6000/- for non-residential students. For further details, you can check it on the official website of NI-MSME.
To Know More here are the details on MSME GST Training.
7. What is the GST certification course by AJ-NIFM:
– AJ – NIFM is Arun Jaitley National Institute of Financial Management. This institute also offers courses on Goods and Services Tax but only for the institute enrolled persons. If you are a member of AJ – NIFM then you can check the official website and apply here at www.icsi.edu. The course fee is 12500/- plus applicable taxes. They will provide you with course material and also take a course assessment at the end of the course and if you fail to pass on the first attempt, you will be given two more attempts to qualify for the exam.
8. What is the GST certification course by CBIC: –
CBIC is again a Government Authorized Organization. It is an official website that is run by the Government of India. It works under the Ministry of Revenue and the Ministry of Finance. Under this ministry, the National Academy of Customs and Excise and Narcotics works. It will offer you the GST Training Accreditation Programme. Their object is Quality and authoritative GST training at a reasonable cost to trade, industry, and other stakeholders, as a part of the Government of India’s Trade Outreach Programme for the successful rollout of GST.
9. What is the GST certification course by IGNOU: –
IGNOU stands for Indira Gandhi National Open University. It is an open university which provides plenty of courses which you can attend without going to any University. It provides courses at a very reasonable price. Now we come to the GST certification course offered by IGNOU
IGNOU offers a course Named Awareness Course on Goods and Services Tax (GST). This program has collaborated with the Bombay Stock Exchange Institutes Limited. This program will fulfill all the requirements of the GST Act. This will also benefit those people who regularly do work in maintaining accounts and filing indirect tax returns. Small scale entrepreneurs will also be benefitted as they will come to know the entire process and formalities to comply with the GST ACT.
This Awareness Course on Goods and Services Tax (GST) by Indira Gandhi National Open University holds very basic eligibility criteria that are 10+2 pass out.
And the course duration is 6 months. The fee of the course is Rs 3500/-.
This is not the end, there is plenty of GST certification course provider online as well as offline. You just have to do little research on which course suits you the best. I have just provided you few basic Organization names which are currently providing GST certification courses.
These courses will also help you if you are wanting to become a GST practitioner. I will just be briefing about the term GST practitioner. So that you can also build your career as a GST Practitioner If you are genuinely into it.
GST Practitioner is an authorized person produced by Government who will help to deal with compliances related to GST. There are various duties of the GST practitioner. GST practitioners can do registration at GST, they can file monthly, quarterly, annual returns, they become the representative of the notices related to GST.
The eligibility criteria to become a GST Practitioner are: –
- Candidate must be of Indian Resident
- The candidate should not hold any criminal record/ or existing case.
- The candidate should be in a sound state of mind.
- A retired officer of The Commercial Tax Department of the State Government or the Central Board of Excise and custom department of Revenue.
- During his/her service under the government not work under the post Gazetted Group B officer
- Earlier sales tax practitioner or Service tax practitioner
- Graduate or Post Graduate in any field related to commerce, banking, or the law.
The eligible candidates can apply for the exam and their form will be re-evaluated by the tax officers and they will notify the selected candidate with some temporary reference no. With the help of this temporary reference no, they are required to do further form-filling work. Now they have to appear on the exam which is conducted by the GST Authority. And it is mandatory to pass the exam to become a GST Practitioner. Opting GST Practitioner is an excellent career option but you should have a high interest in it.
Now I am concluding my article. I hope you are now clear with your question that What is GST Certification Course is. And I think a course on GST can be done by anyone because GST is something we deal with every time whenever we sell or purchase anything. GST is not limited to any business or commerce people person, it has a wide range cause we all are associated with GST. So, learning about Goods and Services Tax can never be useless. It will add to your knowledge and you will get a better understanding of the Indian Taxation System. And being an educated responsible citizen learning the country’s Taxation system will always be appreciated.
This is all about this article. I tried to assist you with my great effort still if you have any doubts or concerns regard the topic, you are most welcome. You can comment on your question here, I will try to answer it as soon as possible.