One of the reasons people search for GST certification courses in Gujarat is the myriad of opportunities they create for students. Let me tell you something interesting and real, GST is a leading program that can transform an individual’s fortune. Yes, it is the most opted stream in the current era. Learners can benefit from the finance realm if they can dedicate their focus to the course for a set duration. Speaking of knowledge and skills, not all entities offer the best service, which is why a list of ideal coaching centers and career opportunities is shared below.
What is GST and Why is it Important?
GST stands for Goods and Service Tax. It is a form of indirect tax that was introduced in the year 2017 in India. The application of GST can be seen in the supply of services and goods. This indirect tax has sidetracked other indirect taxes leading to the elimination of negative impact on the sale of goods and services.
What is Meant by Direct Tax?
As the name suggests, it is the tax directly paid to the imposing authority by the customer. Real property tax, income tax, personal property tax, and other taxes linked to assets are some examples of direct taxes. This can also sometimes be an indirect tax wherein a buyer’s bill is an inclusion of sales tax levied by the seller.
What is Meant by Indirect Tax?
A tax that is collected indirectly by a member of a supply chain is referred to as an indirect tax. The payment made by the end user will be sent to the government. The tax is included in the purchase price of a good or service by the retailer or manufacturer. The ultimate payer of this kind of tax is the consumer.
Benefits of GST To Consumers and Government
- Easy compliance
- Improved competitiveness
- Simple to administer
- Control leakage
- Revenue efficiency
- Transparency of taxes
- Reduces tax burden
Easy Compliance: A comprehensive Income Tax system is the foundation of the GST regime. This means taxpayers can avail of the taxpayer services such as returns, payments, and registrations, through an internet-based medium. In simple words, transparency and adherence to compliance become easy.
Improved Competitiveness: Businesses reduce their transaction costs which will ultimately lead to improved competitiveness for the concerned industries and trade operations. Dismantling inter-state check posts when combined with the GST will promote better competitiveness in the manufacturing sector.
Simple to Administer: GST has replaced and is replacing many multiple indirect taxes at the state and central levels. GST is backed by a robust -end-to-end IT system which makes it easier and simpler to administer compared to other indirect taxes levied by the Central and State levels.
Control leakage: As mentioned earlier, the robust IT infrastructure linked to GST will welcome better tax compliance. The chain of value addition which involves the transfer of input tax credits between the stages promotes motivated tax compliance by traders due to the design of GST that has an in-built mechanism.
Revenue efficiency: One of the main purposes of GST implementation is to reduce the cost of tax revenue collection for the government. This aspect of the tax concept will yield higher revenue efficiency.
Transparency of taxes: The State and Central governments levy multiple indirect taxes with no or incomplete input tax credits in each progressive stage of value addition. This behavior led to increased costs of goods and services due to multiple hidden taxes. The introduction of GST promotes the transfer of a single tax from the manufacturer to the consumer meaning customers will get a chance to know the taxes levied.
Reduces Tax Burden: The overall tax burden can be reduced with GST as tax will only be charged on a value-added process. The prices of commodities come down which is the most favorable outcome for a consumer.
What Makes GST Certification Popular Among Aspiring Taxing Professionals?
Many kinds of GST certification programs are available in India. Each of them carries special importance. However, an individual who takes up GST certification courses in Gujarat is exposed to a number of common advantages as listed below.
- Higher Salaries
- Professional assistance to CS and CA
- Additional Job Opportunities
- Start a tax consultancy
- Strengthen tax bookkeeping and audit skills
Higher Salaries: Individuals with a GST course completion certificate will have the opportunity to demand an increase in their compensation by 15-20%. That is because of the skills and knowledge provided in the course curriculum. The information that is present with a certified employee is much more valuable compared to a person without professional recognition.
Another reason for the demand for employees with a GST degree is the ‘PAN India’ nature of the program which can drastically influence the profits of an organization.
Professional Assistance to CS and CA: If you have a goal to become a Company Secretary, tax professional, or Chartered Accountant, the lessons taught in the course will help you level up in your career path. The certificate program will allow you to learn about the cost structure and thereby apply to more positions in the industry.
Additional Job Opportunities: Being a GST-certified individual will do more good than harm. Many organizations encourage people to work with them from various backgrounds. This means a GST certificate can open new doors for you.
Start a Tax Consultancy: Some people do not like to work under others. Such people can become a GST support center instead of being tax book specialists or a subordinate. Citizens of India who have problems related to tax records are in search of tax professionals for help. It means such civilians will reach out to you for your services.
Strengthen Tax Bookkeeping and Audit Skills: Your association with entities providing the best GST certification courses in Gujarat can strengthen your skills related to tax bookkeeping, accounting, and auditing. No wonder the GST certification program is considered a highly valuable course in the current scenario.
Top GST Certification Courses in Gujarat
GST is an important subject which is why it has to be availed from a reliable and efficient entity. Never make the mistake of landing on a random advertisement to become a tax professional. Always analyze your requirements and then pick an institute to attain the certificate. A few of the well-known and trustworthy entities are listed below to help you make a wise decision.
- IIM SKILLS
- Cleartax Learning
- Institute of Account and Taxation Training
- Ahmedabad Management Association
- Henry Harvin Education
1. IIM SKILLS:
If you are keen on learning about GST and becoming an efficient professional, IIM SKILLS is the right place for you. They provide the best-in-class education with the help of highly-experienced and qualified mentors. Their Master GST Certification program and the material will assist you in transforming from a beginner to an expert in the field by focusing on practical elements.
Their syllabus structure is designed in a way to allow you to understand various concepts of Goods and Services Tax (GST) and related compliance, implementation, inception, and enforcement.
Topics Covered in GST Certification Course
Introduction to GST, different types of GST, Structure, and framework of GST, Registration under GST, Online Registration, Registration process, Invoicing related to GST, Credit Note/Debit Note, GST returns filing, Composition under GST scheme, Reverse Change Mechanism, E-Waybill under GST, Input tax payment and credit in GST, Electronic Liability Ledger, Liability Credit Ledger, and Electronic Cash Ledger.
- Hands-on training with practical projects
- 16 hours lecture to cover the syllabus
- Certificate of completion
- Free lifetime access to IIM SKILLS’ learning platform
- Placement assistance
- Software and tools access
2. Cleartax Learning:
Cleartax Learning is a company that deals with software solutions and trains students on GST subjects. The main goal of the entity is to conduct webinars, quizzes, and offline workshops to educate the students and make a better GST community. Their program on New GST Returns offers certification to the learners.
- Introduction to New GST Returns
- The filing process for RET-1/2/3
- Detailed analysis of ANX-1/ 2
- Plan to transition student’s knowledge base from current to new returns
- Expert CAs to deliver case studies
Cleartax Learning also offers the below courses
- Complete the GST Certification course
- New GST e-learning certification
- Complete GST Course in India for Medium and Small Enterprises
- 8+ hours training
- Transition plan to the latest GST
- Industry experts for lecturing students
- Cleartax certification followed by an assessment
3. Institute of Account and Taxation Training:
The name of the entity is self-explanatory; offers a range of courses in the field of accounts and tax. Their facilities can be more beneficial to people from relevant backgrounds. Your curiosity to learn the subject in detail can be fulfilled by their certified GST professional program. This course is further classified into the advanced level and basic levels.
Topics Covered under basic level:
- Introduction to Goods and Services Tax
- Applicability and Registration process related to GST
- Issuing Vouchers and Invoice in GST
- E-Way Bill
- Practical case study
- Import and Export under GST
- Stock Transfer & Job Work Process
- Record Keeping
- Reverse Charge Mechanism
- GST payment process
- Regular and Composite Return filing
- Input Tax Credit
- Tax Calculation.
Topics Covered under Advanced level:
- GST Administration
- Tax Refund
- Penalties and Offences
- TCS and TDS under GST
- Special and regular Audit
- Advance Ruling
- Revision and Appeals Process
- Demands and Recovery
- Final return
- Annual return
- Credit-linked rules and regulations
- Provisional and Self-assessment.
The duration of the program is two months and the fee declared is 9000/-
- GST Certification Courses in Ahmedabad
- GST Certification Courses in Bhopal
- GST Certification Courses in Hyderabad
- GST Certification Courses in Indore
- GST Certification Courses in Bangalore
- GST Certification Courses in Chandigarh
4. Ahmedabad Management Association:
As the name suggests, this institute is located in Ahmedabad. It can be called one of the best entities for GST certification courses in Gujarat as it is approved by the Government of Gujarat and is an ISO 9001-certified organization.
The notable feature of this organization is its ability to offer different courses related to many sectors like management, finance, and export-import. The outstanding faculty and its reputation made it to the list of top institutes in Gujarat. The duration of the course is 5 days. Experienced and knowledgeable chartered accountants take sessions for the students.
- GST Overview
- GST Audit
- Debit and Credit Notes
- Penalties and Offences
- Time of Supply
- Registration Process
- GST Cancellation
- Input Tax Credit
- Import and Export of Goods and Services
- Effects of registration
- Place of Supply of Services and Goods
- Reverse Charge Mechanism
- Tax Invoice
- Works and Construction contract services
- Valuation rates and Transaction value
- Classification of Services and Goods
- Types of Taxes; CGST, SGST, UTGST, IGST
- GST’s taxable event
Udemy is an online platform offering a range of courses for the career upliftment of ambitious individuals. More than 130000 courses are available on its site. It has over 35 million students availing of its services. The course covers two sections; Basics of GST and Filing of GST Return)
Topics Covered under Basics of GST
- Input GST, Out GST along with Set-off
- GST Accounting (Journal entries related to Credit Purchases and Credit Sales)
- GST Accounting (Journal entries related to Bank Payments and Bank Receipts)
- GST Accounting (Journal entries related to Cash Payment and Cash Receipt)
- Introduction to GST and its types
Topics Covered under Filing of GST Return
- GST Registration and introduction
- GST Online Registration
- Quizzes on each topic
- LUT Registration
- Introduction to E-Way Bill
- Generation of E-Way Bill Online
- GSTR 2A/2B Data Preparation and Introduction
- GSTR 2A/2B Reconciliation
- GSTR-1 Introduction
- GSTR-1 Data Preparation
- GSTR 1 Online Filing
- GSTR 3B Introduction
- GSTR 3B Data Preparation
- GSTR 3B Online Filing
- ITC 04 Data Preparation and Introduction
- ITC 04 Online Filing
- 3-hours video
- 2 practical tests
- Accessible on TV and mobile
- Course completion certificate
6. Henry Harvin Education:
Some individuals consider Henry Harvin the ideal institute that offers GST certification courses in Gujarat because it is known for its certified trainers whose main aim is to transfer knowledge to the learners in the most efficient ways. The aspiring tax professional can attain a certificate post-completion of the GST practitioner course.
GSTR 3B, GSTR 1, GSTR 2A, latest provisions of e-invoicing, issue-resolving linked to Input Tax Credit, Critical analysis of GST rules and regulations, practical application of complex GST provisions, and other areas related to GST.
Henry Harvin also provides other finance courses
- Business Accounting and Taxation (BAT) Course
- Acca Course
- CPA Course
- Tableau Course
- 32-hour training program
- 12+ projects
- Certificate issued by Govt of India recognized Institute
- Placement assurance
- 1-year access to the e-learning portal
- Session recordings
What Are the Career Opportunities After Availing of GST Certification Courses in Gujarat?
It is common to have doubts regarding career opportunities before joining a course. This is why a list of job profiles available to apply post-completion of the program is provided to help students gain confidence and pursue their passions.
- Taxation Manager
- Taxation Research Analyst
- GST Legal practice
- GST Trainer
- Taxation Manager:
Most medium-level companies hire people to deal with their taxation matters. This position is considered a higher one due to the separation of tax into two types; direct and indirect taxes.
A consultant and team will work and report complex issues and compliances respectively to the taxation manager. A person with good communication and law skills will be hired to assist the taxation manager with legal matters related to tax affairs.
Skills Required: Knowledge and skills linked to handling GST portal, drafting, Ms word and Excel, and GST compliances.
- Taxation Research Analyst:
This role is applicable to large corporations because of the presence of complex transitions and structures. The individual assigned with the work of a Taxation Research Analyst must have the ability to keenly observe the project from the taxation point of view.
One mistake made while signing the contract can turn the chosen project into a losing one. GST certification courses in Gujarat are at your rescue if you love to be a tax research analyst. This is why many large corporations recruit taxation analysts.
Every taken-up contract and transaction must be examined from the taxation point of view. If there is an unpredictable outcome, the legal obligations will be mentioned in the contract.
Skills Required: A good grip over information related to GST provisions, practical implementation, and industry analysis.
This is an important activity in any large corporation which is why they search for candidates who can reconcile the purchase, input tax credit, and sales. Wrong inputs into GST returns can lead to disastrous outcomes. A normal taxpayer is expected to perform the below reconciliations.
- Sales details in books with sales records in GSTR 3b and GSTR 1.
- Tax paid on recorded sales
- Input tax credit with the purchases
- Input tax credit with GSTR 2b, 2a
- Input tax credit with the goods and bills received
Skills Required: GST compliances, Ms. Excel, GSTN portal
GST Legal practice:
It is common for a few entities to get notices as this is a relatively new law that requires time to understand and follow. Different people may interpret it differently. This means there is a possibility for the emergence of litigations between the tax department and the taxpayer.
Being a litigation professional, your duty is to protect the interests of the taxpayers and educate them. Visit the websites of colleges offering GST certification courses in Gujarat and get into your dream job now!
Skills Required: Drafting skills, strong representation skills, and knowledge about the latest litigation trends.
- GST Trainer:
Many universities have included the concept of GST in their syllabus. Many teachers get an opportunity to get trained on GST and thereby grow in their respective careers. This means that there will be the creation of roles for faculty to teach students about GST. Individuals certified in the GST course can enter the field of teaching and training.
FAQs About GST certification courses in Gujarat
1. Can I become a tax professional without tax as my educational background?
A simple answer is yes. You can become a tax practitioner without having a relevant background. However, you are supposed to have a minimum graduation degree from any field.
2. What career opportunities can I explore after picking one program from GST certification courses in Gujarat?
A range of job profiles is available at your comfort. You can choose to become a professional in the GST department or GST legal practice. Also, designations such as GST consultant, Taxation Manager, GST trainer, Taxation Research Analyst, Auditor, and GST practitioner can be explored as per your skill set and level of certification.
3. Do I have to be physically present for lectures and assignments in GST certification courses in Gujarat?
No. You don’t have to worry about attending a traditional college when you are a busy person. You can gain knowledge about GST through online classrooms. Many institutes are providing live lectures to enable everyone to acquire information rules and regulations of GST and become a tax professional.
4. Is there a fixed duration to complete the GST certification course?
No, different institutes offer different programs with different duration. Some may confirm the completion of the selected course within 5 months whereas a few may assure to make you are a certified student within 3 months. It totally depends on the chosen educational entity. Pick a program as per your comfort and requirement of skills.
Conclusion About GST Certification Courses in Gujarat
Goods and Service Tax(GST) is an indirect tax that helps taxpayers and professionals in maintaining the economy of the country as well as mitigating the negative impact of taxes in the supply chain. Not just that it aids in easy compliance, improved competitiveness, simple administration, leakage control, revenue efficiency, transparency of taxation, and reduction in taxes. Educational programs like the GST certification courses in Gujarat help aspiring tax practitioners avail high salaries and offer assistance to company secretaries and chartered accountants.
Set up their own tax consultancy, and strengthen tax bookkeeping and audit skills. A list of top colleges offering GST certification courses in Gujarat is shared to let students make wise decisions and enjoy the fruits of education and skills. Certified GST candidates can choose to leverage their careers by becoming a taxation manager, Taxation Research Analyst, Tax auditor, GST trainer, or entering GST legal practice.