This article illuminates you about the best GST certification courses in Hyderabad. If you are someone wanting to learn more about GST or aspiring to become a GST Practitioner, then this article is just for you. If it interests you, also read about the top-notch Business Accounting and Taxation Courses in Hyderabad.
Also known as goods and services tax, GST is a multi-stage, destination-oriented tax imposed on every value-added item that has replaced many indirect taxes in India like VAT, Services tax, etc. The bill passed on 1st July 2017 in parliament marked the formation of the Goods and Services Tax Act.
To put it simply, it is a tax levied on the supply of goods and services. It is a single, domestic, indirect tax law that’s applicable throughout the country. Under GST, tax is levied on the product at every point of sale. In intra-state sales, CGST and SGST are charged. While in the case of inter-state sales, only IGST is charged.
The Objectives of GST:
- To subsume a majority of indirect taxes– GST helped to submerge all indirect taxes under one head.
- To curb tax evasion– Under GST, it is easy and efficient to catch tax defaulters.
- Online procedures for ease of doing business– many procedures were initially done on an offline basis. However, with GST it is possible to do it online too.
- Improved logistics and distribution system– it allows the documentation to be done based on one tax rather than the entry of various taxes.
GST Certification Courses in Hyderabad
As you must be knowing and these mentioned objectives are further specified, GST is an important concept in economic terms and should be learned by anyone and everyone who wants to enter the corporate world, be it an entrepreneur, a freelancer, or an employee.
This will not only let financial matters function with ease, but also make the work efficient. So without any further delay, let’s look at some of the best known GST certification courses in Hyderabad:
i) IIM Skills:
IIM Skills provides four weeks of a live online GST course. This includes 16 hours of lecture, practical assignments, freelancing opportunities, free e-books, invoicing tools, etc. This course is certified by the Ministry of MSME. Their priority is the welfare of the students and hence they pull out all stops to create a conducive environment for students to make the most out of the course. They offer a host of courses including financial modeling courses in Hyderabad and other professional programs.
Other than the intensive immersive learning to become a GST Practitioner, IIM SKILLS Provides you with free ebooks and knowledge of the software that are essential to the implementation of GST. That can eliminate manual work and give you the opportunity to work with multiple clients.
Course topics include the following:
- Concept of GST
- GST Framework
- Registration Of GST
- GST Invoicing
- GST returns
- Reverse Charge Mechanism
- Input Tax Credit
- E-Way Bill
- Composition Scheme, and many More
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Other than Master certification, here you’ll receive lifetime access to all resources provided to you during this course. They provide practical learning so that students can work for firms. You’ll also receive 24×7 support. Hence, in case of any problem, you can reach them whenever you want. The fact that by the end of this course, you’ll be a job-ready applicant with an in-depth understanding of all GST provisions, makes this one of the best online GST certification courses in Hyderabad.
The teaching methods are pretty well researched and the curriculum sync with the latest developments in the field of GST. The training will be delivered by industry professionals where you’ll learn about GST and its implementation through case studies. As the classes will be held as live interactive sessions, you can very well ask your queries and get answers. Anyone can opt for this course be it freshers, students, accounting and financing experts, business owners, entrepreneurs, etc.
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You can also dig into the list of the Online GST Courses to study from the comfort of your home.
Check out these other courses from IIM SKILLS
Here, you’ll receive special training for interviews. They also offer placements in corporate companies. You also get lifetime access to the student’s portal, study materials, videos, etc all at a nominal fee of INR 14000. The course is delivered by trainers who have more than 9 years of experience and have trained around 12000 students.
GST topics covered
- Taxation and GST Fundamentals
- GST Concepts
- GST Registration
- Invoicing, Returns
- Input Tax Credit
- GST Valuation and Legal Provisions
- Miscellaneous Topics on GST
- Accounting using Tally
- Banking Concepts
- GST Components
- Tax Structure
- Benefits of GST
- MIS Reports
This is an about 40 hours long course that will have at least 3 live sessions wherein you’ll receive more than 25 assignments. All these features make this course one of the best GST certification courses in Hyderabad.
iii) ICA Skills:
They are leading GST certification course providers. They provide a 100% job guarantee through their online course. Their curriculum is industry-oriented. Hence, you’ll also learn how to deal with real-life situations over here with 20% theoretical learning and 80% practical learning.
Salient Points Of the Institute
They offer a 100% placement guarantee and regular seminars, workshops, and soft skills training sessions. The faculty has made thorough research into the finance sector and are thought leaders in the finance, accounting, and taxation domain. You have mock interview sessions, triple certifications upon completion of the course, and a promise to offer you the best quality education available to get the coveted jobs in the GST domain.
Their classes are interactive to keep the students attentive during the sessions. Anyone who is a graduate/post-graduate, passed 12th class in any stream, a professional, between the age of 18 to 29, and is interested in GST and related matters, is eligible for this course.
This course provides practical training on GST registrations, Income tax returns filing, GST returns filing, Advanced MS Excel, TDS returns filing, company registration, payrolls, and Tally ERP 9 with GST. The training provided is 100% practical. Here you’ll be taught about the needs and importance of GST, GST returns process slab rates of GST, cancellation of GST registration, etc.
You’ll also be taught about the various processes by which income tax returns can be filed. It will also teach you about the working balance sheets. All these qualities make this institute one of the best-known GST certification courses in Hyderabad.
v) AnsTax Solutions:
This institute has been giving its services for almost a decade now. The faculty here is incredible in providing students the assistance they require who have in past or are right now providing consultancy to other businesses including government companies.
- GST Overview
- GST Audit
- Debit and Credit Note
- GST’s impact on e-commerce
- GST tax
- Reverse Charge Mechanism
- GST Tools & Software Information
- GST Returns, among many others
Their course is one of the most renowned ones. Here students learn about various aspects of GST like GST registration, GST returns filing, Income tax, IT return filing, etc. This course will enrich your knowledge about GST and its various aspects.
Also, check out the Top 7 GST Certification Courses in Lucknow
vi) Capital Trainers:
It is one of the most celebrated GST certification courses in Hyderabad. Here the faculty thrives to make you a GST professional. The faculty consists of 10+ expert practicing CAs. This course covers all laws concerned with the application and working of GST. They help you by using real-time data to give it a practical approach.
They have well-furnished computer labs where students can even practice this evening. Some of the features of GST which they might include consist of registration, GST refund, filing of GST returns, Tax entries inputs, etc.
- GST Fundamentals
- Rate Structure under GST
- Exemptions in GST
- GST Registration
- Concepts of Supply
- Place of Supply and Time of Supply
- Valuation under GST
- Types of Invoices
- Invoices Format
- GST Computation
- Input Tax Credit
- Reverse Charge Mechanism
- GST Liability
- GST Payment
- Computation of Setting off Entry for ITC
- GST Returns Filing
- Composition Scheme in GST
- Tax Computations
- TDS and GST
- GST Annual Return
- GST Audit
- GSTR 9, GSTR 9A, GSTR 9C
vii) National Institute of Micro, Small, and Medium Entreprises:
By taking their training program on GST, you’ll learn the traditional issues with the previous tax structure which got replaced by GST, gain knowledge about its impact on the industry, trade, and services, and gain practical knowledge about the working of GST. This is a 3-day long course.
The fee for residential students is INR 7,500 and for non-residential students is INR 6,000 per day. The fees will cover the cost of lodging, tuition fees, and reading materials. Travel and other expenses are to be borne by the students.
This course is one of the most beneficial GST certification courses in Hyderabad as this course is conducted by a government body. Hence, if you seek to live and flourish in India, this course will help you by glorifying your resume.
Dig deeper into the list of the top 10 GST Certification Courses in India
viii) AFS Academy:
AFS Academy is a business and accounting consultancy service provider which helps graduates and working professionals who want to enhance their skills related to finance. Here they provide practical knowledge about the working of GST. Some of the contents of their GST course are: recording advanced entries, GST adjustment and return filing, migration to Tally, ERP.9, etc. These features make this course one of the most desirable GST certification courses in Hyderabad.
ix) Siva Shivani Institute of Management:
Being on the list of top-class B schools, this institute provides one of the best GST certification courses in Hyderabad. This course can be taken up by traders, manufacturers, service providers, students, consultants, business heads, the general public, and finance or accounts personnel.
The sessions would be conducted through presentations, exercises, group discussions, exercises, case studies, etc. This course is conducted by mentors and trainers who have had a significant amount of experience in their respective fields. By the end of this course, you’ll acquire an in-depth knowledge of GST and its workings.
x) Idea Computers Tally Academy:
They provide one of the most renowned GST certification courses in Hyderabad. With the guidance of one of the finest mentors, students get to learn and explore a lot about the subject they’re studying about. The course is also structured in such a way that students can extract the most out of what they are paying.
Some of the course content are: direct and indirect tax, IGST, CGST and SGST, exempted taxable goods, ITC, reports, Income Tax, TDS, payroll, etc. Moreover, students can gain knowledge about all this at a nominal price of INR 5,000.
xi) Henry Harvin:
They are known for providing one of the well-known GST certification courses in Hyderabad. They are an e-learning platform that provides 100% practical training in GST and concerned matters. Other than training, you will receive, projects, internships, certification, and placement.
You’ll also receive a 1-year gold membership over here, under which you’ll get live projects, guaranteed internship, job support, recorded videos about GST and related topics, monthly brush-up sessions, and skill enhancement sessions for interviews. They also give their students, career support guidance. The trainers here have more than 20 years of experience and will help you with all your doubts and queries too.
Benefits of GST
Our government introduced the GST system of taxation a few years ago and removed the previous complex taxes whose mechanism was rather harder to understand if compared to GST. This decision was based on a few advantages that the government thought GST would bring. These were supposed to empower the common man, small and medium scale entrepreneurs. Here are some of the benefits:
- Bringing in various types of indirect taxes under one umbrella and simplifying taxation for services and commodities businesses.
- Experts believe that this will reduce the price of goods and services in the long run.
- Small scale businesses and service provider companies with a turnover of less than INR 20 lakhs will be exempted from paying GST.
- Companies with a turnover of up to INR 75 lakhs can benefit from composition schemes by paying only 1% of their total turnover under GST.
- It aims at reducing corruption and sales without receipts.
- It reduces the need for small-scale businesses to comply with other taxes like excise, VAT, service tax, etc.
- It will be bringing regulation and accountability to unorganized sectors like the textile industry.
- The tax is likely to be distributed to developing and underdeveloped areas of the country to bring everyone on similar grounds.
- GST has also reduced tax on some goods and services.
- It brings uniformity to the work by centralizing the taxation process. This gives small-scale businesses a chance to pay off their taxes in a simpler way through an online platform.
- It reduces logistics costs by eliminating border taxes.
- It was supposed to have a positive impact on our economy.
- Possibilities of tax evasions will be reduced to some extent.
New Compliances under GST:
Other than the digitalization of tax-paying, GST has modified a lot of other practices by introducing several new practices like:
E-Way Bills: GST has brought in a centralized system of paying bills by the introduction of E-way bills. This was launched on 1st April 2018 for inter-state transportation of goods and on 15th April 2018, for intra-state transportation of goods in a staggered way.
Under this system, transporters, manufacturers, traders, etc. can generate e-way bills. This is generated to ease the transportation of goods on a common portal from the place of origin to its final destination. This also reduces the time otherwise spend at checkpoints.
E-invoicing: It was made applicable from 1st October 2020 for companies with an annual turnover of more than 500 crores for preceding financial years from 2017-to 18. Moreover, since 1st January 2021, this system has applied to those who earn an annual turnover of 100 crores per annum too.
These businesses are required to obtain a unique invoice reference number for every business-to-business transaction they make. They can do it by uploading the business-to-business invoices on GSTN’s invoice registration portal. The portal will verify the accuracy and genuineness of the invoice. It authorizes the invoice by using the digital signature with a QR code.
GST Software That Can Help You in Your Career:
GST is a milestone in India’s way of digitalizing everything, including tax calculations and payments. Hence, we need to have at least some basic knowledge about the software that can be used to curtail this purpose. Here are some of the software that can be used for calculations related to GST:
- MARG GST
- Clear Tax
- Tally ERP 9
- Busy Accounting Software
- Zoho Books
- Reach GST
- GEN -GST
- Sai GST
GST Certification Courses in Hyderabad Frequently Asked Questions
Q1. What are the components of GST?
A: There are three taxes applicable under GST CGST, SGST, and IGST. CGST is the tax that is collected by the central government on intra-state sales. SGST is the tax collected by the state government on intra-state sales. IGST is the tax collected by the central government for inter-state sales.
Q2. Can one do business without GST?
A: Yes it is possible. If a business or individual’s annual turnover is less than a specific amount then they are exempted from paying GST. In 2017, this amount was set as INR 20 lakhs.
Q3. Is GST registration free of cost?
A: Yes. The registration can be done online without paying any extra charges.
Q4. What are the best books to study about GST?
A: There are a lot of resourceful books to study about GST. However, Taxmann’s GST series is considered one of the best if you want to have a thorough understanding of GST.
Final thoughts on the best GST certification Courses in Hyderabad:
GST taxation method has become an integral part of our lives today hence, it is only sensible to learn about it and if you are interested in it, there can be no better thing than that. If you have an ardent desire to learn the GST taxation method, this is the best time and place to do it. Waiting won’t fetch any results.
Thus, we compiled some of the best GST certification courses in Hyderabad. We hope that this article turned helpful and provided you with some of the required guidance. A topic like GST, though complicated, can get desired outcomes. Therefore, moving forward in this field is only sensible as one or the other day we’ll have to understand this concept. So why not right now?
The above-given courses can help you achieve your goals as per your necessities. It is also a well-known fact that GST is a major topic in exams related to banking, government jobs, and law. This proves that no matter what career you want to advance into, knowledge about GST will always assist you.