Madurai, a dynamic city in Chennai, is home to many IT and corporate companies, industries, businesses, manufacturers, and factories. Trading, transactions, etc. are an integral part of all these sectors where Goods and Services Tax (GST) comes into the picture. Naturally, there is a massive demand for skilled GST employees after the completion of GST certification courses in Madurai.
If you are located in Madurai or wish to relocate there, having the right GST skills would be an excellent way to boost your career path. This article will provide you with all the GST fundamentals and details of the top 9 GST certification courses in Madurai.
What is GST?
India started implementing the GST taxation system on July 1, 2017. It was a massive reform in the tax section of India.
- Goods & Services Tax, abbreviated as GST, is a tax levied on most of the goods and services we use for domestic purposes.
- Consumers pay this tax in the form of GST while buying goods and services.
- Sellers and service providers collect this GST paid by the consumers and remit it to the government.
- Hence GST is an indirect type of tax.
Types of GST in India
Depending on who is imposing the tax, GST is categorized into the following four types:
- State Goods and Services Tax (SGST)
It is collected on goods and services transactions taking place within a single state and is finally forwarded to the state government.
- Central Goods and Services Tax (CGST)
Along with SGST, CGST is also collected on transactions of goods and services taking place within a single state. However, this tax is finally forwarded to the central government. For instance, if you are paying 18% GST on something, then 9% of that amount is forwarded to the state government, and the central government collects the remaining 9%.
- Union Territory Goods and Services Tax (UGST)
It is collected on transactions of goods and services taking place within a union territory and is finally forwarded to the union territory government.
- Integrated Goods and Services Tax (IGST)
It is collected on transactions of goods and services taking place between two states or between a state and a union territory. It is finally forwarded to the state and central government.
Rates of GST in India
There are six different slabs of GST rates in India depending on the type of goods and services.
- 0% GST (Nil GST)
There are certain essential goods like vegetables, fruits, cereals, fish, meat, newspapers, books, vaccines, khadi, handloom fabrics, etc., and services like healthcare are generally exempted from GST.
- 0.25% GST
For semi-polished and cut stones.
- 5% GST
For domestic goods like sugar, tea, coffee, spices, etc.
- 12% GST
For processed food, frozen food, computers, laptops, etc.
- 18% GST
For goods like toothpaste, soaps, shampoos, cosmetics, hair oils, restaurant bills, etc.
- 28% GST
It applies to all luxury products like cars, motorcycles, scooters, refrigerators, televisions, ceramic tiles, cigarettes, etc.
How is GST Calculated?
The GST calculation method is very simple. If the cost of a pen is 10 rupees and the GST rate is 10%, then that pen will cost 11 rupees (10 rupees plus 10% of 10 rupees is 1 rupee). GST is calculated only on the final price of the goods and services and not on the various stages of manufacturing and distribution.
How GST Cascades From Various Stages Till Customers (Explained with a Simple Example)
- Suppose, it costs 10 rupees worth of raw materials to a pen manufacturer to manufacture one pen and 10% tax on raw materials. Then a manufacturer pays 11 rupees. Here, the tax is 1 rupee.
- Then he adds his margin of 4.9 rupees and sells the pen to a wholesaler for 15 rupees with 10% tax on it which is 1.5 rupees. However, the effective tax is only 1.5 – 1.0 = 0.5 rupees.
- Then the wholesaler adds 2 rupees as his margin and sells the pen for 17 rupees to a retailer with 10% tax which is 1.7 rupees. However, the effective tax is only 1.7 – 1.5 = 0.2 rupees.
- Then the retailer adds 3 rupees as his margin and sells the pen to the final customer for 20 rupees with 10% tax which is 2 rupees. However, the effective tax is only 2.0 – 1.7 = 0.3
The sum of cascaded effective tax is 1.0 + 0.5 + 0.2 + 0.3 = 2.0 which is 2 rupees which is nothing but 10% of 20 rupees which is the final price of the pen. Hence, the customer pays 2 rupees tax at the final stage only. This avoids complex calculations of collecting the tax at every stage.
Benefits of GST
While adopting the GST system in India, it was thought to give the following benefits.
- Multiple tax system elimination
- To reduce inflation and maintain low prices, in the long run,
- To reduce tax avoidance and corruption
- To improve the country’s revenue
- To avoid complexity in tax calculations
Critics’ Opinion on GST
- As GST is uniformly applied to everyone regardless of respective income, the low to medium-income population has to pay a large portion of their income as compared to the high-income population. Hence according to the critics, GST is a regressive form of tax.
- To limit this problem to some extent, many countries including India have reduced or exempted the GST on essential goods like fruits, vegetables, cereals, eggs, fish, meat, etc.
Top Recruiters After Completion of GST Certification Courses in Madurai
After completion of a GST certification course, a plethora of IT companies, healthcare and pharma companies, manufacturers, and business recruiters open the hiring doors. Here is the list of a few top high-paying recruiters after completion of GST certification courses in Madurai:
- Deloitte
- Price Waterhouse Coopers (PwC)
- Ernst & Young
- KPMG International Limited
- Grant Thornton Service Contributions
Jobs After GST Certification Courses in Madurai
Once you are equipped with all essential skills through GST certification courses in Madurai, you become eligible to apply for the following jobs:
Tax Consultant
Following are some of the main job responsibilities of a tax consultant:
- To translate the complex tax laws to businesses and companies in simple words
- To assist clients in accounting and auditing
- To recommend the clients about the effective taxation and ways to minimize their tax liabilities within the laws
- To assist the clients in the process of payments of tax, GST, and returns
Tax Accountant
Following are some of the main job responsibilities of a tax accountant:
- To assist the clients in preparing their tax statements
- To solve the tax issues of the clients
- To assist the clients in tax payments and tax returns
Tax Analyst
Following are some of the main job responsibilities of a tax analyst:
- To prepare and review various tax forms
- To analyze the client’s information and file accurate tax returns
- To analyze the client’s expenses and suggest efficient ways to minimize the tax liabilities
Tax Associate
Following are some of the main job responsibilities of a tax associate:
- To analyze the client’s financial information
- To assist businesses and companies in the preparation of taxes
- To countercheck the tax filings
Tax Manager
Following are some of the main job responsibilities of a tax manager:
- To prepare and file all the required documents for filing taxes
- To develop tax strategies and policies for businesses
Salary After GST Certification Courses in Madurai
Salary ranges after GST certification courses in Madurai differ with location, experience, and the hiring company. According to Ambitionbox, here are the salary ranges in India after completing GST certification courses in Madurai:
| Job Role | Salary Range Per Annum |
| Tax Consultant | INR 1.0 Lakh – INR 9.5 Lakh |
| Tax Accountant | INR 1.4 Lakh – INR 12.0 Lakh |
| Tax Analyst | INR 1.7 Lakh – INR 8.1 Lakh |
| Tax Associate | INR 1.8 Lakh – INR 7.5 Lakh |
| Tax Manager | INR 3.0 Lakh – INR 14.0 Lakh |
A few other best courses in Madurai:
Top 9 GST Certification Courses in Madurai
If you are located in Madurai and looking for a top GST certification course there, then there are many options available for that. Here are the details of the top 9 GST certification courses in Madurai. Some of these courses are classroom training, while some take place in online mode.
1. IIM SKILLS
It is a reputed online education providing service in India. It s a government-recognized institute with its headquarters in New Delhi. It offers various courses in the field of writing, marketing, and finance. Along with different cities in India, IIM SKILLS has a presence in Dubai as well.
Job-oriented training, practical knowledge training, prompt assistance, up-to-date insights, and information, etc. are the unique features of IIM SKILLS. It offers the following course on GST.
Course Name: GST Certificate Course
Mode: Pre-recorded lectures for self-study
Duration: Total 16 hours of pre-recorded lectures
Eligibility: None
Fee: INR 2,900 + 18% GST
Certificate: It provides a course completion certificate.
Course Curriculum:
It has the following course modules:
- Concept of GST and Its Impact on Businesses
- GST Framework and Structure
- How to Register Under GST and Criteria for Registration
- How to Do Invoicing in GST
- Filing GST Returns
- GST Composition Schemes
- Mechanism of Reverse Charge
- E-way Bills in GST
- GST Input Tax Credits and Payments
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Highlights of the Course:
- Free Demo Lecture
- 100% Money Return After First Lecture If You Don’t Like It
- Lifetime Access to Course Material
- Availability of Multiple Batches (Weekdays and Weekend Batches Are Available)
Contact:
E-mail:
Address: H B Twin Tower, 8th Floor, Max Hospital Building, Netaji Subhash Place, Pitampura, New Delhi – 110034.
2. FITA Academy, Madurai
It is a popular academic training center in Madurai. It offers courses in subjects like Java, software development, web development, graphic design, finance & accounting, digital marketing, software testing, artificial intelligence, etc. It provides comprehensive GST training with the latest IT technology’s help.
Course Name: GST Training in Chennai
Mode: Classroom, Live Online
Duration: Up to 6 to 12 months, depending on the type of course
Eligibility: You can enquire at the contact details given below.
Fee: You can enquire at the contact details given below.
Certificate: It provides a course completion certificate.
Course Curriculum:
It covers the following topics:
- Introduction to GST structure, concepts in GST
- How to configure GST in Tally
- How to enter purchase and sales vouchers in GST
- How to file GST returns
Highlights of the Course:
- It has smart classrooms for experimental GST training
- It has tie-ups with 1500+ small to large-scale companies
- It provides 100% placement assistance to eligible students
Contact:
Phone: +91 9345045466
Address:
0.2 A, Sivanandha Salai, Arapalayam Cross Road, Ponnagaram Colony, Madurai – 625016, Tamilnadu.
3. Association for Career and Technical Education (ACTE)
It is a popular IT software training center in India. Along with several centers across Chennai, ACTE training centers are available in multiple cities across India like Bangalore, Pune, Hyderabad, Coimbatore, Pondicherry, etc.
Course Name: Tally with GST Training in Madurai
Mode: Online, One-to-One Training, Classroom Training, Customized Training
Duration: 40+ hours of hands-on training
Eligibility: Suitable for Graduates from B.Tech., B.E., B.Sc. IT, or Any Computer Subject
Fee: INR 12,000 for online training, INR 15,000 for one-to-one training
Certificate: It provides a certificate after course completion.
Course Curriculum:
It has the following course modules:
- To study liabilities and assets
- To study ledgers and vouchers
- To study accounting and inventory
- To study GST and TDS
- To study advanced MS Excel
Highlights of the Course:
- Free demo lecture
- Support for resume and interview preparation
- Various modes of training are available
- Lifetime access to course material
Contact:
E-mail: contact@acte.in
Phone: +91 8376802119
4. Institute of Chartered Accountants of India (ICAI), Madurai
It is a closed group of chartered accountants and students pursuing CA to discuss the updates in this field. This course is designed to impart up-to-date knowledge in GST and develop analytical skills for decision-making.
Course Name: Certification Course on GST
Mode: Online
Duration: 10 days
Eligibility: This course is available only for ICAI members.
Fee: INR 12,600 or INR 14,000 depending on the city
Certificate: It provides a certificate after course completion
Course Curriculum:
This course mainly covers the following topics.
- GST Constitution
- Supply and Levy in GST
- Classification, Nature, Place, and Time of Supply
- Valuation and Exemption in GST
- Reverse Charge in GST
- E-way Bill and E-Voicing in GST
- Annual Return and Reconciliation Statement
- Demand And Recovery in GST
- Search and Seizer in GST
Highlights of the Course:
Training by practicing chartered accountants, advocates, academicians
Contact:
E-mail: gst@icai.in
Phone: 0120 – 3045954
Recommended Reads:
- GST Certification Courses in Chennai
- GST Certification Courses in Kochi
- GST Certification Courses in Trivandrum
- GST Certification Courses in Trichy
- GST Certification Courses in Vizag
5. Institute of Company Secretaries of India (ICSI)
It is a premier professional national-level body. It is owned by the Ministry of Corporate Affairs of the Government of India. Its headquarter is in New Delhi with regional offices in New Delhi, Mumbai, Chennai, and Kolkata. Along with these regional offices, it has around 70 chapters across India.
Course Name: Certificate Course on GST
Mode: Online, self-study
Duration: Approx. 5 months; They provide 2 hours of training once every week.
Eligibility:
- Graduates from Recognized Institutions
- ICSI Members
- ICSI Executive Program Students
Fee: INR 7,500 + GST for students and members of ICSI and INR 15,000 + GST for others
Certificate: Certificate of Course Completion.
Course Curriculum:
It has the following course modules:
- Introduction to GST and its Important Concepts
- GST Practioner’s Roles
- GST: Registration Process, Composition Process, Exemptions, Various Forms
- GST Returns
- Input Tax Credit
- GST Audit and Refund
- Reverse Charge Mechanism
- Tax Invoicing and E-way Bills
- CGST Acts
Contact:
E-mail: certificatecourses@icsi.edu
Phone: 0120 – 4522089
6. BankBazaar
It is a neutral financial marketplace that gives customers rate quotes, suggestions, and comparisons on loans, credit cards, and insurance products. Its headquarter is in Chennai. Along with these services, it also provides academic training in accounting and finance, as well.
Course Name: GST Certification Course
Mode: Online
Duration: 4 Days
Eligibility:
- Bachelor of Arts, Commerce, Engineering
- CAs, CSs, Law Aspirants
- Anyone who wants to shift to the taxation domain
Fee: INR 7,500 Including GST
Certificate: Course Completion Certificate.
Course Curriculum:
It covers the following topics:
- GST Levy
- GST Time and Place of Supply
- GST Valuation and Returns
- Registration, Payment, and Refunds Under GST
- Assessment, Penalties, Offences Under GST
- GST FTP, Moot Court, Ethical Practice in GST
Contact:
E-mail: support@bankbazzar.com
Address: +91 4466511800
7. Udemy
It is a globally famous online teaching and learning program. It offers over 213,000 courses on various subjects. These courses are taught in over 75 different languages. In the field of GST, it provides several courses. Here are the details about the most popular course on GST as per people’s reviews.
Course Name: Complete GST Course and Certification – Grow Your CA Practice By ClearTax Learning
Mode: Online, on-demand pre-recorded lectures
Duration: 42 hours of on-demand videos
Eligibility: Basic Knowledge of Taxes
Fee: INR 2,899
Certificate: It provides a course completion certificate.
Course Curriculum:
It covers the following topics:
- Introduction to GST Basics (Video Lectures and Articles)
- Composition Scheme (Video Lectures and Articles)
- Input Tax Credit (Video Lectures and Articles)
- GST Registration (Video Lectures and Articles)
- Returns with GST
- Place, Time, and Value of Supply
- Offenses and Penalties in GST
- Payments and Returns with GST
- GST Rates
- Transitional Provisions in GST
Highlights of the Course:
Lifetime Access to Source Material
8. Coursera
It is an eminent U.S.-based online learning platform providing courses on various subjects. It offers more than 4,000 courses by working with universities and institutions across the globe. In the field of GST also, it provides several courses. If you want to launch your career as a GST expert, this course is the best suitable for you. It would build all the necessary job-oriented skills.
Course Name: PwC GST Taxation Executive Professional Certificate By PwC Tax Academy
Mode: Online, on-demand pre-recorded lectures
Duration: Approx. 3 Months
Eligibility: None. However, familiarity with numeric calculations, MS Excel skills, and concepts like purchase, sale, receipts, payments, etc. are recommended.
Fee: INR 1,596 (It provides financial aid in selective cases.)
Certificate: It provides a course completion certificate after the completion of courses and projects.
Course Curriculum:
It has the following seven courses:
- Introduction to GST Genesis and Imposition
- Concepts of Supply in GST
- Input Tax Credit Under GST
- Undertaking Compliances in GST
- How to Claim Refunds With GST
- How to Maintain GST Accounts, Documents, and Records
- How to Audit, Assess, and Litigate Under GST
Highlights of the Course:
- It is a beginner-level course.
- The course has English subtitles.
- The course is accompanied by hands-on projects.
- It takes graded quizzes and assignments.
9. Henry Harvin
It is a reputed online training providing platform from India. It offers various courses like data science and analytics, AI & machine learning, accounting & finance, digital marketing, writing, coding, cloud computing, cyber security, etc. In the field of GST, it provides the following course.
Course Name: GST Practitioner Course Training in Online
Mode: Online Live Training
Duration: 32 hours of the learning period
Eligibility: None
Fee: INR 12,500 (EMI Facility is also available.)
Certificate: Course completion certificate.
Course Curriculum:
This course has the following four modules:
- Place & Value of Supply, Export, and Import, E-way Bills
- GST Registration, Input Tax Credit, Transitional Provisions
- Returns & Refunds Under GST, Time of Supply, Invoice & Tax Payments with GST
- GST Audits & Assessments, Litigation Management, Offenses & Penalties, Demand & Recovery in GST
Highlights of the Course:
- Quiz After Each Module
- Guaranteed Internship and Placement Assistance
- 1-year Gold Membership through which you will get access to course recordings for 1 year
- Facility to Undergo Various Projects in GST Like GSTR 1, GSTR 3B, GSTR 2A, etc.
Contact:
Phone: +91 9891953953
FAQs
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Are GST and VAT the same or different?
Both GST and Value Added Tax are indirect types of tax levied on goods and services. However, GST is collected only at the final selling stage, whereas the VAT is collected at each manufacturing and distribution stage.
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Which countries have adopted the GST system for taxation?
In 1954, France first adopted the GST taxation system. Since then, around 140 countries have adopted the GST taxation system in some or other form. India, Australia, Canada, Singapore, New Zealand, Malaysia, Maldives, etc. are some of the other countries that have adopted the GST taxation system. However, the U.S. does not have a GST taxation system.
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Is a commerce background necessary for opting for GST certification courses?
Students with a commerce background can opt for GST certification courses and students or candidates with a non-commerce background who want to learn the GST taxation system for their own business can also opt for these courses. Because most of these courses are designed in such a way that a beginner-level candidate can also understand the concepts even if you don’t have a commerce background.
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What is the salary after completing GST certification courses in Madurai?
The salary after completing GST certification courses in Madurai depends on various factors like hiring company, experience, skills, job profiles, etc. To have an idea, a candidate with GST skills can have a salary between 1 Lakh to 14 Lakh. The window of this range is too wide because it shows the salaries with different skills, job profiles, locations, hiring companies, and experience.
Conclusion
Every IT company, pharma company, business, manufacturer, etc. gets revenue and is liable to pay tax and each of them now has adopted the GST taxation system. Madurai is a huge hub of all these industries. Hence having completed GST certification courses in Madurai would be a promising skill to grow your career path. I hope this article would be a complete guide for your way toward GST certification courses in Madurai.