In 2017, India’s existing tax system was completely overhauled. Initially, the introduction of the Goods and Services Tax (GST) caused a lot of apprehension and excitement. It has progressively gained acceptance and demonstrated its worth in terms of the advantages it delivers. As a result, becoming a GST practitioner is a fantastic addition to one’s career. If you are from Trichy and are looking for GST certification courses in Trichy, look no further.
What is GST?
To understand what GST is, it is important to have a brief understanding of the system of taxation. It will then be easier to appreciate the advantages of the GST system of taxation. Every individual pays two types of taxes to the government, Direct Taxes, and Indirect Taxes.
- Direct taxes are the ones that are given directly to the Government via an individual. For example, income tax.
- Indirect taxes are the ones paid via a third party. For example, taxes that are levied on goods and services. The service tax that you’d pay at a restaurant comes in this category.
Before the advent of the GST, this indirect tax had a lot of different variants. One was that imposed by the Central government and included Excise Duty, Service Tax, etc. The other was the one that each state levied and included taxes like VAT, Entertainment Tax, Luxury Tax, etc. This system used often leads to a cascading effect of taxes.
One of more taxes would get applied to a single product or service making it more expensive for the end consumer. State octrois also made the movement of goods across the country difficult. Businesses would suffer as a consequence. GST has made this indirect tax uniform. There is now a tax levied by the Central Government called the CGST, and the one levied by the state is the SGST.
The GST applied by the Union Territories is UGST. GST has been levied in five slabs for services and seven slabs for goods. Previously, it was four slabs only for both categories. The GST council has described over 1,300 goods and 500 services. Currently, five different GST rates are applicable to goods. Essentials like salt, grain, and jaggery do not have any application of GST.
They come under the 0% GST rate slab.The other rates are 0.25% (eg. rough and semi-polished stones), 3% (gold), 5% (eg. household necessities), 12% (eg. cell phones), 18% (eg. toothpaste, shampoos) and 28% (eg. luxury goods ). Four different GST rates are applicable to services.
These are 0% (eg. services related to agriculture), 5% (eg. housekeeping services such as plumbing), 12% (eg. real estate construction ), 18% (eg. goods transport services ), and 28% (eg. recreational services such as gambling). These slabs are often revised by the Government and hence it becomes important to be constantly updated about the latest developments associated with GST.
Benefits of GST
The benefits that this taxation system has brought are as follows:
- No more cascading effect
- Transparent tax
- Reduction in the number of indirect taxes
- Simple and easy online procedure.
- Improved efficiency of logistics.
- The unorganized sector is regulated under GST.
- Easy compliance
Why Do We Need GST Practitioners?
Businesses with a turnover of more than Rs. 40 lakhs must register as a typical taxable person under the GST regime. This amount is 10 lakhs for NE and hill states. A GST practitioner, often known as a GSTP, is a tax professional who has been approved by the Central and state governments. They help with the processes required as per the new laws imposed under the GST regime.
A GSTP can help fill out a new registration application. They can make payments for credit into the electronic cash ledger, file a claim for refund, provide monthly, quarterly, annual, or final GST returns. A GSTP can also appear before any official of the department, appellate authority, or appellate tribunal as an authorized representative.
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How to Become GST Certified Practitioner
It’s simple to sign up for the GST Certification. Aspirants must upload the essential information to the GST portal. They’d be given a Temporary Registration Number after that (TRN). They must next authenticate the information given via an OTP sent to their registered mobile number and apply. GSTP acknowledgment is emailed to their registered email address once the process is completed. The aspirant is supposed to take the exam within two years of registration.
Top 6 GST Certification Courses in Trichy
Knowing about GST and becoming proficient in the subject is not limited to becoming a GSTP. Even if you are running your own business or want to be more knowledgeable about GST, you can consider pursuing a GST certification course. Now that GST is here to stay, complete understanding will work in your favor.
If this convinces you to consider taking a course either to become a registered GSTP or otherwise, here are some of the finest GST certification courses in Trichy that will help you in your endeavor.
Rank# 1. GST Certification Courses in Trichy
1. IIM Skills
IIM skills, a pioneer in the field of online education also offers an online GST certification course. It provides 100% practical training. The lectures are delivered in a live interactive format. The 16 hours of online lectures are worth it to provide practical knowledge to students with lifetime access.
One can choose to enroll for weekday batches. They also have the provision for a Sunday batch. The course is delivered by industry experts. This is what makes it one of the best GST courses. The course is comprehensive and will allow even a novice to be an expert in the subject.
Their training course includes the latest amendments and developments associated with GST. Hence, the course is always updated and only the latest information is incorporated. Once the course is completed, you will be presented with an industry-recognized certificate by IIM Skills.
Topics Covered in GST Certification Course:
- The genesis and concept of GST
- The framework and structure of GST
- Registration under GST
- Invoicing in GST
- GST Return Filing
- Composition Scheme under GST
- Reverse Charge Mechanism
- E-Way Bill GST
- Input Tax Credit & Payment in GST
Course fee – 2900 + GST
- Financial Modeling Course
- Business Accounting And Taxation Course
- Digital Marketing Course
- Content Writing Course
- Technical Writing Course
- Advanced SEO Course
Rank# 2. GST Certification Courses in Trichy
One of the finest GST certification courses in Trichy is provided by ACTE. The students enrolling in this course are provided with practical assignments that prepare them to work on GST projects. The courses are available across multiple locations in Trichy. They also have placement support post-course completion.
With excellent infrastructure and a dedicated lab facility, ACTE’s classroom GST courses are an experience in themselves. Their laboratory is open throughout the year. Students, can, therefore, avail themselves of this facility at their convenience to get more technical finesse. The course is affordable and they are also able to organize courses for corporates.
The training provides enrolled students with a certification at the end of the course. Their HR team prepares students for interviews. The course duration is 40 hours with the faculty consisting of industry experts. The trainers come with over 7 years’ experience in this field.
They also provide online, instructor-led training if the classroom format is inconvenient. Their training mode is majorly practical. They have over 27 branches. They have partnered with companies like Oracle, Microsoft, AWS, etc. This makes placement post-course completion easier.
- Accounting Using TALLY
- Features of GST
- Basic Law
- GST Refund
- Filling Forms
- Banking Matters
- transactions with the bank,
- Multiple taxes and cascading
- Compliance Procedures
- GST Components
- GST – Tax Structure
- Benefits of GST
- GST Registration
- Filing GST Returns
- GST Invoicing and Payments
- MIS Reports
The batches are small and take up to 8 students. This gives the students a more personalized training experience. Based on student convenience, weekend and regular batches are available. A Fast track batch can also be enrolled for students that do not have a lot of time. The online instructor-led classes take up to 3 students only.
Their trainers work with you one-on-one. Individual attention helps with a better understanding of concepts associated with GST. They also offer internships with certification. After the course ends, successful candidates acquire a globally recognized certificate.
Rank# 3. GST Certification Courses in Trichy
3. iClass Trichy
iClass Trichy has been providing GST certification courses in Trichy at 10 different locations. They also have a course that includes E-filling of Income Tax for those who are interested in having a better grip on their understanding of taxation. iClass Trichy offers an online GST E-Filing course.
The process of submitting your tax returns electronically is often known as e-filing or electronic filing. They also have the alternative of live one-on-one learning. Students can easily switch from online to classroom classes without incurring any additional course expenses.
Their E-Filing GST training locations have great infrastructure and lab facilities. Their GST E-Filing course costs in Trichy are cost-effective and customized to each student’s training needs. Daytime classes, weekend training classes, evening batch sessions, and fast-track training classes are all available.
- Online ITR
- Create Income tax Return E-Filing
- Filing Portal Registration
- ITR E-Filing Registration
- GST Returns Online
- How to Create GST Returns Online
- GST Paying
- TDS Return Online
- How to Create TDS Return Filing Online
The duration of their regular daytime classes is 5 weeks. For their weekend only batches are 8 weeks and the fast track course completes the curriculum within 35 days. You can choose what suits you the best depending on the time you have. iClass Trichy offers real-time and placement focused training.
Their GST E-Filing course ranges from beginner to intermediate, making it a viable option for anyone interested in learning about GST. The E-Filing course curriculum is designed to help students acquire a job post-course completion. The E-Filing instructors in Trichy are certified with over 10 years of experience and are seasoned working professionals who have real-world experience.
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Rank# 4. GST Certification Courses in Trichy
4. Tally Training Institute
Tally training institute in Trichy takes pride in providing its students with rigorous training and practical experience through their GST certification training program. Their instructors are dedicated to ensuring that students have a good grasp of the subject in a hands-on manner.
They provide a tally + GST course making it more well-rounded for an individual aspiring to work with accounts and taxes. It is a professional GST certification course delivered by individuals with over a decade of experience in the industry. They also provide placement assistance after course completion. The course is delivered in a classroom format.
The infrastructure is good and individual attention is provided to each student enrolling for this course. The faculty also provides lifetime support to the students even after course completion. To make it convenient for all students to be able to avail themselves of the course, they also have weekend batches.
- GST Laws, applications, and concepts.
- Understanding how GST impacts the functioning of organizations.
- Changes in the business process are required for compliance with the new law.
- Procedures required under the GST Act, such as
- GST Registration
- Filing of Returns
- Availing Input Tax Credit, TDS
- GST accounting training with Tally ERP9 software
Rank# 5. GST Certification Courses in Trichy
5. Edinbridge Skills Solution Private Limited
Founded in 2018, Edinbridge Skills Solution Private Limited is an education provider for automobile-related courses. They have eventually expanded into providing education associated with lifeskill and also Tally. They also provide GST certification courses in Trichy. The delivery of their course is in a classroom format.
Their GST certification course also covers Tally making it a very credible course for those that want to pursue a career in accounting and taxation. Their focus also lies in practical training so that students are equipped to work in corporates right after course completion. For students with 100% attendance, they guarantee a 100% placement opportunity.
- Company Creation in Tally ERP 9
- Accounting & Inventory Vouchers
- Outstanding Report
- Job costing
- Complete Payroll Processing, etc.
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Rank# 6. GST Certification Courses in Trichy
6. Henry Harvin Education
Henry Harvin Education has made its mark as one of India’s leading providers of online education. They now also provide a GST certification course. Henry Harvin has trained many students and provided placements as well. India Today and Tribune India have ranked it as the number one course for GST in India.
The GST course is in a live online format and instructor-led. An expert faculty guides students through this course. Their LMS system or e-portal allows students to revisit the lectures at their leisure. The batches are conducted on weekdays and weekends depending on student preference.
An internship is guaranteed at the end of the course. The curriculum is delivered in four modules. They also have incorporated complementary modules that help students in honing their soft skills. Students that are eligible for this course include people from all walks of life who are interested in learning about GST.
The GST Course can provide a huge benefit to CA aspirants, CA, CS, Tax practitioners, Accountants, ICWA, and all such professionals who have to deal with taxation. A basic understanding of accounting can be an added advantage. But an entrepreneur or a fresh graduate will also benefit from this course.
The duration of this course is one month. A CGP GST Practitioner Certification from Govt. Recognized Institute will be given to students after the course is completed. To obtain it, the assignments that are given during the course duration have to be completed.
- Important aspects of GST
- Supply or Levy
- Place of Supply
- Value of Supply
- Export & Import
- E-Way Bills
- Registrations of GST
- Input Tax Credit & ITC04
- Transitional Provisions
- Account & Records of GST
- Invoice, Tax Payments
- Time of Supply
- Tax Refunds
- Litigation Management
- Audit & Assessments
- Offenses & Penalties
- Demand & Recovery
1. What is the average salary of a GSTP accountant in India?
For employees with less than one year of experience to four years of experience, the average GST Practitioner Accountant pay in India is 2.2 lakhs per year.
2. What are the minimum qualifications to enroll on the GST Portal as a GST Practitioner?
The GST Practitioner should have either of the following qualifications:
- Chartered Accountant
- Company secretary
- Cost and management accountant
- Graduate or Postgraduate degree in Business Management, commerce, banking, or business administration
- Retired Government official
3. What is the examination fee for the GST practitioner’s Exam?
The examination fee for the GST practitioner’s exam is decided by NACIN (National Academy of Customs, Indirect Taxes and Narcotics). Previously, it was Rs.500.
4. What is the scope after doing a GST certification course?
Doing a GST certification course can help to increase an individual’s annual income by 15% to 25% on average. Individuals might use it to build their own consulting businesses. It aids in the development of various taxation, finance, and accounting professionals’ skills.
While becoming a GSTP is a lucrative career option, even if you do not intend to become one, doing one of the GST certification courses in Trichy will be a feather in your cap. With GST now becoming a part of everyday expenses and every transaction, hence it makes sense to upgrade your knowledge in this direction. It benefits businesses by making the tax-paying process more unified and seamless.
Entrepreneurs also need to therefore be a little more aware of what the GST taxation system entails. It is not limited to accountants only. It is said to increase the growth of the e-commerce industry as well. Now only four and a half years into effect, we still need time to understand the full effects of this change in the national taxation system. Till then, we should aspire to always be abreast with the developments and changes in this new taxation regime.