The Government of India introduced the goods and services tax (GST) on July 1, 2017 in India to bring uniformity and transparency in the indirect tax system and to eliminate the cascading effect of taxes on consumers. It is the most significant tax reform, benefiting both manufacturers, traders, and consumers. It also helps the government monitor financial transactions and prevent tax evasion. GST binds India into a uniform economic unit, upholding the government’s ‘One Nation, One Tax’ moto. Competent and skilled professionals are required for better administration of the new tax regime in the country.
As with any new system, taxpayers felt it was difficult to understand the nitty-gritty of the new law and the process was complicated and confusing. All people who are in the business of providing goods and services and service providers need to have a thorough knowledge of the GST laws and procedures. The GST certification course can enhance knowledge of the laws and enhance skills in GST compliance. It can also improve career prospects for finance and tax professionals and graduates aspiring to gain expertise in GST laws. There are various courses, both online and in person. This article aims to provide information on the cost of GST certification course in India.
Importance of GST certification course
The GST council changes policies, tax rates, return formats, and application forms from time to time. The taxpayers and others involved in GST compliance must update their knowledge of the latest changes regularly. The certification courses help enhance GST knowledge and skills and provide a broader understanding of taxation, finance, and accounting principles. The main objectives of the GST certification course is to gain an understanding of GST concepts and provisions with case studies, gain working knowledge and application in regular compliance provisions, and enhance skills for effective business management. It covers various aspects of GST, including its principles, regulations, compliance requirements and filing procedures. It also comprises of input, output, credit mechanisms, the e-way bill system, and various other concepts The GST certification course is beneficial for all people who wish to enhance their knowledge of GST laws and procedures. They are designed for business owners, finance and tax professionals, accountants and students who want to pursue careers in the financial and taxation field. The cost of obtaining the GST certification can vary depending on the institution providing the course, the duration, and the curriculum. Many institutions offer the GST certification course. Depending on your specific requirements, like budget, available time, level of expertise required, and preferred mode of learning, whether offline or online, you must choose the course. Some of the reputable institutions offering the GST certification course are as follows:1) Institute of Chartered Accountants of India (ICAI)
2) Institute of Company Secretaries of India (ICSI)
3) National Academy of Customs, Indirect Taxes & Narcotics (NACIN)
4) National Institute of Financial Management (NIFM)
5) Indian Institute of Management (IIM) and other Management Institute
6) Government-Recognized Training Providers
7) Chambers of Commerce and Industry:
8) Regional Tax Practitioner Associations
9) Online platforms
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Institute of Chartered Accountants of India (ICAI)
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Institute of Company Secretaries of India (ICSI)
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National Academy of Customs, Indirect Taxes & Narcotics (NACIN)
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National Institute of Financial Management (NIFM)
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Indian Institute of Management (IIM) and other Management Institutes
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Cost and Management Accountants of India (ICMAI)
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Government-Recognized Training Providers
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Chambers of Commerce and Industry
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Regional Tax Practitioner Associations
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Online platforms
i) Henry Harvin
Henry Harvin a prime edtech institute in India, provides a comprehensive GST certification course that gives students knowledge of the recent amendments and challenges in the law. They also resolve doubts during and after the training. The students learn about real-life cases and experiences that the experts share. They get technical-based, practical training from the experts.ii) Tax Guru Edu
Tax Guru Edu, a knowledge wing of Tax Guru, offers online certification courses on GST. The course covers detailed aspects of the GST law with special emphasis on reconciliation, audit, return filing, assessment and analysis, GST amendments and case studies. After successful completion of the course and clearing exam, a certificate is given. The classes are conducted twice a week for one month. The fee is Rs. 10,000 plus GST.iii) CA Club India
The CA Club offers online GST certification courses to provide knowledge of the practical aspects of GST and understand the provisions thoroughly with case studies. The course helps students learn about the challenging issues in GST compliances and the detailed procedures to file periodic returns. Bimal Jain is the main faculty member in the institute, and has more than19 years experience in indirect taxation. They provide 61 hours of online classes and an e-book on GST in English. The fees is Rs.6599/-. The students get the e-certificate on completion of the course.iv) ICT Academy
The certification course offered by ICT academy helps professionals understand key areas of impact of GST on their businesses. The faculty members consist of leading CAS and indirect taxation professionals. The syllabus includes model of GST law, both CGST and IGST, business process registration and returns, accounts and records, valuation of supplies of goods and services, overview of IGST act, interim provisions, revisions, appeals, etc. This course helps participants to learn to prepare for contingencies, provide documentation for refunds, and understand the key areas of impact of GST on business. The duration of the course is 30 hours for 2 months. After successfully completing the course, the participants get the GST certificate.V) PwC India’s Tax Academy
PWC India’s Tax Academy has a professional certification program on GST on the online learning platform Coursera. Learners gain basic GST skills and knowledge on GST, including on the method of applying GST on transactions, filing returns and other compliance procedures. The course focuses on the practical aspects of GST through case studies and real-life scenarios. It is a 24-week course and participants can pursue other educational or work opportunities simultaneously. On completion of the course, participants earn a professional certificate from PwC, with job-oriented skills for GST jobs in India.Features of GST certification course
- Introduction to GST aims to help understand the concept of GST laws, rules and regulations.
- Study of GST laws, rules, and compliance requirements.
- Process of registration to GST
- Specified hours of learning with videos, exercises, quizzes, and study materials
- Query resolution with discussions and communications with experts
- Flexible learning time with ability to learn from anywhere, anytime
- Online and physical classes as per the convenience of students
- Accessible on mobile, laptop, and desktop computers
- Affordable, cost-effective courses with cancellation and refundable options
Also read
Transform Your Skills: Benefits of Enrolling in a GST Certification Course
Benefits of GST certification courses
The main benefits of GST certification courses are:- Greater career opportunities
- Significant salary hike
- Develop valuable skillset
- Adaptability to evolving taxation rules
- Comprehensive knowledge of taxation
- Improved networking and professional growth
- Competitive salary package
- Enhanced problem solving and analytical skills
- Practical knowledge with case studies at real time
- Expert guidance from CAs and CSs
- Start a tax consulting business
- Boost bookkeeping and tax auditing abilities
- Become a certified GST Practitioner
Read more
Your Complete Guide: How To Become A Certified GST Practitioner?
Conclusion
There are various GST certification courses offered by different institutions. They provide the relevant information necessary to become a qualified GST provider or practitioner. Accordingly, there is no specific flat fee for the course. The cost of the course varies depending on the services provided by the course, such as type of course, basic or advanced), syllabus covered, material provided, exam fees, etc. As more businesses come under the purview of GST and the rules and procedures get stricter, the requirement of skilled GST professionals increases. The GST certification course will help professionals gain expertise and become efficient GST professionals, so that they can explore more job opportunities across various sectors. Choosing the right course is important for a rewarding and fulfilling career as GST professional.Frequently asked questions
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Who is eligible for the GST certificate course in India?
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How useful is the GST certification course?
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Are free GST certification courses available?
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What can we expect to learn from the GST certification course?
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What are the basic conditions for becoming a GST practitioner?
Understand How Much GST Certification Costs and Simplify the Process Today.
Vidya Sagar
Freelance Writer
Vidya Sagar has post graduate and Law graduate qualifications. She has worked in the finance industry for many years. She is passionate about writing and keen on writing articles related to tax, accounting, audit, and other finance related topics. She likes to simplify complex financial matters to help her readers understand easily. She reads a lot in her spare time and keeps herself updated with the latest financial news. She likes helping people in all their financial and compliance requirements