The Goods and Services Tax (GST) has been set to replace all previous indirect tax regimes in India from July 1, 2017. It is a unique tax system that has unified the country’s various indirect tax systems into one. It has provided a more transparent and efficient taxation system while making it easier for businesses to operate in India. GST has been applauded by economists for its potential to boost India’s flagging economy by making it easier for businesses to operate and increase spending. In this article, we will talk about the benefits of GST, its types, and the top 10 GST certification courses in Delhi.
What is GST?
Goods and Services Tax (GST) is a new indirect tax that has been applied to all transactions made in India from 1 July 2017. It replaces all the current taxes, including the central excise and customs duties, with a single tax. It is an indirect tax that India imposes on the supply of goods and services. The vendor passes the tax paid by the customer to the government at the time of sale. It is included in the final price. Typically, a country will levy the GST at a single rate.
Who Has to Pay GST?
Typically, the supplier of the commodity or service is responsible for paying GST. However, the recipient might be responsible under the reverse charge procedure in some situations, such as imports and other registered supplies.
Types of GST
According to the recently introduced tax system, there are four primary forms of GST.
IGST: The Integrated Goods and Services Tax is a tax imposed under the GST framework on the importation, exportation, and interstate supply of goods and services.
SGST: The State Goods and Services Tax is a tax levied under the GST framework on intrastate transactions. When there is an intrastate supply of goods and services, both state and central GST are applied.
CGST: The Central Goods and Services Tax is a tax that the Central Government imposes on the intrastate supply of both goods and services, which is governed by the CGST Act.
UGST: Union Territory Goods and Services Tax is imposed on the supply of goods and services in the union territories of India. Any UGST-related transactions that the Indian Union Territories carry out would be subject to their assessment.
Benefits of GST in India
GST not only benefits the government but also the businesses, consumers, and the economy as a whole. Below are some of the benefits of GST in India.
Cost Reductions for Goods and Services:
Because GST is charged at all levels of the supply chain, the prices of the products vary significantly. Previously, consumers had to pay multiple taxes, but now they only have to pay one. A customer will be able to benefit from GST costs that are lower than VAT or service taxes.
Same Cost Throughout the Nation:
One of the primary benefits of GST is that a consumer will be able to purchase a product at the same price anywhere in the country. This benefit, however, is limited to products subject to the GST tax slab.
Increase in the Import and Export Activity:
Attracting foreign investment will benefit not only Indian products and services in reaching a global audience but also the import and export industry. The greater the trade, the greater the number of job opportunities.
One of the most significant benefits of GST is its transparency. It simplifies business transactions for traders because they must pay GST on everything, they buy along the supply chain.
Entering the Market is Simple:
Another benefit of GST is that with greater clarity in market processes, traders can maintain a better flow of action and this makes it easier than ever for any trader to enter the market.
Career Opportunities After Doing GST Certification Courses in Delhi
A GST-certified expert has a better chance of finding a higher-paying position across a variety of industries. Below is the list of some job opportunities after doing the GST certification course.
The main duty of tax managers is to prepare and submit accurate state and federal tax documents. They also develop tax strategies and plans that help customers or organizations stay in compliance with state and local tax laws. The average annual salary of a Tax manager is INR 6 lakhs.
Tax Research Analyst:
A tax research analyst assesses a company’s tax liabilities and tax filing processes. They also maintain current knowledge of federal, state, and local tax laws and regulations, assist with the filing of business taxes and look for ways to lower taxes. The average annual salary of a Tax research analyst is INR 5.2 lakhs.
GST Consultant Practioner:
A GST consultant practitioner is a person authorized by the Central or State Government to manage all tax-related responsibilities on behalf of Indian taxpayers. The average annual salary of a GST consultant practitioner is INR 2.4 lakhs.
A reconciliation officer makes sure that the accounts on the financial balance sheet and the bank reconciliations are correct, and deductions are made legally and following the law. They also report on controls and processes. The average annual salary of a reconciliation officer is INR 4.3 lakhs.
Top 10 GST Certification Courses in Delhi
A GST-qualified expert has a better chance of landing a higher-paying job in various industries because almost all businesses are implementing the new tax regime. Additionally, a GST certification also gives accounting and finance professionals’ resumes a competitive edge. Below is the list of the top 10 GST certification courses in Delhi.
1. IIM SKILLS
First, on the list of GST Certification courses in Delhi, we have IIM SKILLS. It is a well-known and the most popular institute that offers online skill development & professional courses across the globe. The company has its headquarters located in New Delhi, India. This institute was initiated and started by Vaibhav Kakkar.
All of the essential elements of the GST Act are covered in the thorough syllabus of the IIM SKILLS GST certification course. They have incorporated a cutting-edge method of instruction and learning that incorporates practical application. The team strives to help students learn everything there is to know about GST.
Some of the IIM SKILLS GST certification course syllabi include the following:
- Fundamentals & Framework of GST
- GST Registration & Invoice
- Returns Filing
- Auditing & Assessment
- Amendment in the GST Act
- Reverse Charge Mechanism
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It is a 4-week course that includes 16 hours of lecture time.
The course fee is INR 2900 +GST
Students get access to free eBooks, software tools, applications, and a variety of other resources to help them understand GST and its various components. Additionally, the institute also offers post-course counseling and help with job placement.
Phone: +91 9580 740 740
2. DGA Professional Institute
Next, we have DGA Professional Institute on the list of GST Certification courses in Delhi. It is one of Delhi’s best institutions for e-accounting instruction. More than 4000 students have received training in various programs, including GST courses.
DGA’s courses focus on job orientation as a significant component. The institution also offers services for the IT and finance sectors in addition to training. They provide real-time training with live case studies that friendly and experienced instructors facilitate. The course is offered both in-person and online mode.
Some of the course syllabi of DGA’s GST certification course include the following:
- Tax Structure in India
- Indirect Taxes
- Central Taxes and State Taxes
- Introduction to GST
- Type of Taxes under GST
- Invoicing under GST
- GST return filing
- GST Working Principle
DGA’s GST certification course is for 15 days.
Weekdays classes (Mon-Fri): 1 hour per day
Weekend classes (Sat-Sun): 2.5 hours per day
Phone: 011-25357891, +91 – 9871599566, 9811559107
Mail: Plot No. 1, 2nd Floor, Above Grover Sweets, New Delhi- 110059
3. Institute of Professional Accountants (IPA)
Next, on the list of GST certification courses in Delhi, we have the Institute of Professional Accountants (IPA). It is a pioneer in offering software-based and career-focused professional courses in accounting, finance, taxation, and banking. IPA contributes its efforts in this direction to help a considerable number of undergraduate and graduate students thrive in the fiercely competitive fields of accounting, finance, taxation, payroll, and banking.
- The course emphasizes hands-on instruction from qualified CAs. Additionally, it involves several active projects, such as an online return filing system.
- Candidates can choose between offline or online training. They also have the option of self-paced online video classes or live online classes in the online training mode.
- Anyone can do this course, although people from a commerce background are more suitable.
This is a 30 hours course with 15 sessions and each class is of 2 hours.
Email: email@example.com, firstname.lastname@example.org
Mail: E-54 Main Vikas Marg, Laxmi Nagar, Delhi- 110092, Opposite Metro Pillar 44
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4. The Institute of Chartered Accountants of India (ICAI)
Next, on the list of GST certification courses in Delhi, we have the Institute of Chartered Accountants (ICAI). It is the largest professional accounting organization in the nation, administratively under the Ministry of Corporate Affairs of the Government of India.
ICAI’s GST & Indirect Taxes Committee has established the Certificate Course on GST to help members learn the specifics of this new GST law. This course aims to increase knowledge and give participants access to the global services industry. Only Chartered Accountants or members of the institution, Service & Auditors are permitted to enroll in this course.
Some of ICAI’s GST certification course includes
- Definition and Concept under GST
- Transitional issues
- Payment and Refund
- Customs Duties and Ethical Practice
- Overview of GST
It is a 10 days course with 2 available options.
Option 1: On Saturdays & Sundays only
Option 2: Monday to Friday (2 weeks)
Timing: 9.30 a.m to 5.30 p.m IST
ICAI’s course fee is 14,000 plus GST for Delhi, Kolkata, Chennai, Mumbai, Bangalore, Hyderabad, Pune, Hyderabad & Jaipur.
INR 12.600 plus GST for other cities.
The registration will be based on a first come first serve and will hold online. For more information, visit their website.
Phone: 0120 – 3045954
Mail: The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, Post Box No. 7100, New Delhi – 110 002
5. NIFM Accounts Academy
Next, on the list of GST Certification courses in Delhi, we have the NIFM Accounts Academy. It is one of the leading organizations in the accounting, tax, and financial markets. They are a private vocational training center that provides both on-campus and online courses for the long- and short-term development of job-oriented skills. They specialize in accounting, the financial market, & the stock market courses.
The GST Certification Course assists professionals and students in obtaining professional certification in Tally ERP 9, Indirect Taxation, and GST. Students can use it to comprehend the significant business effect areas. The entire GST cycle is covered in this course, from registration to claim, and the idea of reverse change is explained in full.
Some of NIFM’s GST certification course syllabi include the following:
- Introduction of GST
- Structure of GST
- Invoicing in GST
- GST Return Filing
- E-Way Bill under GST
- Registration under GST
- The course is based on 20% theoretical & 80% practical instruction.
- Trained by industry experts with over 10+ years of experience
- Guaranteed placement assistance
- Availability of weekend batch
- Anyone can apply for this course
NIFM’s GST Certification course is for 2 months
The course fee is INR 25,000+GST
Phone: 011-45646322, 9910300590
Mail (HO/Centre): Plot No. 4, Block – C, Community Centre, Pankha Road, Janak Puri, New Delhi-110058
6. Arth Institute
Next, on the list of GST Certification courses in Delhi, we have the Arth Institute. It is a government-approved training facility & authorized Microsoft training center. It provides a wide range of learning opportunities covering almost every aspect of finance, including Net Banking, E-Banking, Service Tax, VAT, Payroll, and numerous more innovative online accounting techniques.
This organization is among the top in Delhi-National Capital Region for GST Certification Courses. The institute helps with job placement for all applicants. To prepare students for the practical aspects of GST implementation, the course also includes projects and assignments.
Arth’s GST certification course syllabus includes:
- Introduction to GST
- Sales/Outwards Returns-GSTR1
- Purchase/Inwards Returns-GSTR2
- Report & Exceptions
Arth’s GST course is for 45 days.
For more details, visit their website.
Phone: +91 7065978612
Mail: Plot No -5, 2nd Floor, Kehar Singh Estate, Westend Marg, Lane Number 2, New Delhi, Delhi 110017
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7. BPA Educators
Next, on the list of GST Certification courses in Delhi, we have BPA Educators. They aim to assist professionals and students in accomplishing their objectives. The institution has more than 10 years of training expertise & they have taught more than 1000 students.
This institute provides teaching for a range of career-oriented disciplines in the Delhi-National Capital Region, including accounting, data analytics, B.Com degrees, and GST Certification courses. Their GST course will provide students with a strong technical understanding of various taxes, which will also help them shine in interviews and snag the best job offers.
Some of BPA’s GST course syllabi include:
- Basic concepts of GST
- Time & Place supply
- Reverse charge mechanism
- Tax Invoice
- GST using Tally
For more information, visit their website.
Mail: F-17 / 175-176 Basement, Sector-8, Rohini, Delhi-110085
8. CA Club India
Next, on the list of GST Certification courses in Delhi, we have CA club India. It was launched in September 1999. It is an interactive platform that provides crash courses and certification courses in finance and accounting. The mentors are highly professionally experienced and hold expertise.
CA Club India provides an advanced course for GST certification. After completing this course, you will receive a certificate from the Indian Ministry of MSME. Class recordings will be provided by them. To get the certificate, the students have to sit for the exam and score a minimum of 50 percent.
Some of the CA club’s GST course syllabi include:
- GST Taxable Event- Supply
- Time of supply
- Value of supply
- Registration in GST
The duration of the course is 40 hours with 12 sessions with 3 hours per session.
The course fee is INR 8,850.
Anyone can apply for this course. For more information, visit their website.
Mail: Interactive Media Pvt Ltd, Noida, Sector 2, Plot No.D, 107, D Block, Uttar Pradesh – 201301
9. SLA Consultants
Next, we have SLA Consultants. Structured-Learning-Assistance Consultants India Pvt. Ltd., a Certified business, has rapidly become a household name in the field of professional IT and non-IT training and development over the past ten years. Their in-depth up-skilling training is industry-focused and centered on the jobs of enterprises.
SLA Consultants has trained more than 7000 students through their roughly 100 courses with 152 trainers on staff. Among their most popular courses are those in HR practical training, e-accounting, e-GST, Python, business analysis, robotics, and digital marketing.
Some of SLA Consultant’s GST course syllabi include:
- Returns under GST sections 37-48
- Job work & composition Levy in GST
- E-way Bill
- Modern IGST law
- Annual Return, GSTR-9
The duration of the course is 80-90 hours.
For more information, visit their website.
Phone: +91- 8700575874
Mail: 82-83, 3rd Floor, Vijay Block, Metro Pillar No 52, Laxmi Nagar, New Delhi, 110092
10. Megara Infotech
Next we have Megara Infotech. It was founded in 2008 and formally registered with the Registrar of Companies of the Ministry of Corporate Affairs in June 2012. Megara Infotech Private Limited has established itself as the leading supplier of business consultancy and corporate training services in Delhi NCR and throughout India.
Megara Infotech has trained 5705 applicants so far to design and deliver high-impact development programs. Additionally, the institute offers corporate training and supports job placement.
Some of its GST course syllabi include:
- Basic GST
- Place of supply
- Time & Value of Supply
- GST registration with rules & formats
- Payment of tax
- GST assessment & audit
The regular batch (weekdays) is 5 weeks, with 2 hours for each class.
The weekend classes are held on Sundays with 3 hours for each class.
The duration of the Fastrack batch is 5 days from 11 a.m to 5 p.m.
For more information, visit their website.
Phone: +91 9999858239
Mail: M 46, OLD-DLF Colony, Sector 14, Gurgaon 122001(Haryana)
FAQs On GST Certification Courses in Delhi
Q1. How can GST benefit small businesses?
The composition scheme introduced by GST has helped many small businesses. It has significantly reduced the number of tax compliances and the burden on small businesses.
Q2. Is it now easier to file taxes online?
Yes, thanks to GST, business owners can now easily file their taxes online. This is especially helpful for new business owners because they no longer need to understand the complexities of VAT, service tax, and other such details when it comes to filing taxes online.
Q3. How is GST calculated?
GST is calculated at 18% of the item’s price. If a product costs INR 500, the GST is INR 90. The net price of the goods or services is thus INR 590.
Q4. How has GST affected the unorganized sector?
GST has benefited unorganized sectors such as textile and construction because there are now provisions for online payment, compliance, and receipts. As a result, even these industries have achieved some level of accountability and regulation.
Q5. Who is in charge of tax collection?
Both state governments and the federal government are in charge of collecting taxes.