GST is the short form of Goods and Services Tax, it is an indirect tax levied by the government of India on the supply of goods and services. It is a comprehensive, multistage, and destination-based tax that is imposed on every value addition. It replaces multiple indirect taxes such as VAT, excise duty, service taxes, etc. Under the GST regime, tax is levied on every point of sale. GST certification course is offered by the Ministry of MSME India to enhance the knowledge regarding GST for Accountants, Chartered Accountants, businessmen, etc. This article will help you uncover the best GST certification courses in Agra.
Before trying to find out the top GST Certification courses in Agra, let’s understand what GST is, its objectives, and its types.
Goods and Services Tax (GST) in India
GST was first introduced as a tax regime in France during the year 1954, then later adopted by many counties like the United Kingdom, Australia, Canada, Spain, South Korea, etc. In India, the Goods and Services Tax Act was passed in the parliament on March 29th, 2017 and it came into effect on July 1st, 2017.
Before GST was introduced in India, the structure of the indirect tax levied was in the following sequence:
a) From the Purchase of raw materials to Manufacture, VAT was levied.
b) From manufacture to sale to warehousing, VAT and excise duty were levied.
c) From Warehousing to sale to retailer, VAT was levied,
d) From the retailer to the final sale to the customer, VAT was levied.
After the introduction of the GST Act in India, Goods and Services Tax is imposed on each of these stages as a multi-stage tax. In the case of intra-state sales, both central and State GST are charged. And for inter-state sales, an integrated GST is charged. After the implementation, GST replaced the following central taxes such as service taxes, excise duties, cesses and surcharges, and additional duties of customs.
And it has also replaced the following state taxes purchase tax, entry tax, State VAT, luxury tax, Entertainment tax, advertisements tax, and state cesses and surcharges.
The Primary Objectives of GST
1. For Achieving a Uniform Tax Structure
GST has helped in replacing multiple indirect taxes that were existing under the previous tax regime. The advantage of a single tax system is that every state follows the same rate for a particular product or service. Tax administration also becomes easier with the central government deciding on the rates and policies. Tax compliance also becomes simple as taxpayers don’t have to go through the complications of multiple return forms and deadlines.
2. To Unify All the Indirect Taxes in India
Before GST, India had several indirect central and state taxes like excise duties, cesses, surcharges, additional duties, purchase tax, entertainment tax, etc. Some taxes were governed by the center while others by states. There were also no unified and consolidated taxes on both goods and services. After the introduction of GST, all the indirect taxes were unified into one. It has helped in easing the compliance burden on taxpayers and also the tax administration by the government has become easier.
3. Cascading Effect of Taxes
Before GST, due to the different indirect tax laws, taxpayers were not able to set off the tax credit of one tax against the other. Under the GST, the tax is levied only on the net value added at each stage of the supply chain. This has also helped in lowering the cost of goods.
4. To Control Tax Evasion
Under the GST tax regime, an input tax credit can only be claimed on invoices uploaded by their corresponding suppliers. Thus the chances of claiming input tax credit on fake invoices are minimum.
5. Ease of Doing Business Through Online Procedures
Previously, tax return filing was online most assessment and refund procedures were done offline. And taxpayers had to face a lot of trouble in dealing with different tax authorities under each tax law. Now with GST, all the procedures are carried out almost entirely online. It has thus improved the ease of doing business in India.
6. Increasing the Taxpayer Base
GST has helped in increasing the tax base in India. Since GST is an integrated tax levied on both goods and services, it has helped in increasing the tax registered businesses. It has also helped in bringing unorganized sectors like construction under the tax net.
7. Enhanced Logistics and Distribution System
GST has helped in reducing the need for multiple documentation for the supply of goods. GST has also helped in minimizing the transportation cycle time and turnaround time thus improving the supply chain. It has also helped in trimming down high logistics and warehousing costs.
Types of GST
GST falls under four categories which are as follows:
- States Goods and Services Tax (SGST)
It is the tax levied by the state government on the sale of intra-state goods and services. The revenue is taken by the state government.
- Central Goods and Services Tax (CGST)
It is the tax levied by the central government on the sale of intra-state goods and services. The revenue is taken by the central government.
- Integrated Goods and Services Tax (IGST)
It is the tax levied on the inter-state sale of goods and services. Here both state and central government share the revenue between them.
- Union Territory Goods and Services Tax (UGST)
It is the tax levied by Union Territories on the sale of tax and services.
According to the new GST rule, all the businesses that are liable to pay service tax, VAT, or central excise have to register under Goods and Services Tax by the process of online registration. There is a list of documents that need to be submitted for the GST registration process. You can find the list of documents needed for the registration of sole proprietors, Partnership firms, Indian and foreign firms, public and private firms, etc. by visiting the government’s GST website.
The government does not levy any fees for GST registration online. But if an individual wants to seek professional help from a GST practitioner for GST services, in that case, fees have to be paid for the professional service.
GST Return Filing
Essentially GSR return (GSTR) is a document that has to be filed by the taxpayers with the related tax administrative authority. The GSTR document contains the following: Sales, Purchases, Output GST, Bank account details, and Input tax credit. As per GST norms, regular businesses with an annual aggregate turnover of more than Rs. 5 crores, have to file one annual and two monthly returns, so a total of 25 returns in one year.
However, under the Quarterly Returns with Monthly Payment (QRMP) Scheme, the number of tax returns differs for those who file quarterly GSTR-1filers. In this case, they have to file a total of nine GST service tax returns a year, including the annual return and GSTR-3B. Similarly, the number varies for special cases of composite dealers, who file GSTR five times a year.
Recent Compliances Under GST
A centralized e-way bill system was launched on 1st April 2018 and 15th April 2018 for the movement of inter-sate and intra-sate goods respectively. With the help of this new e-way billing system, manufacturers, traders, and transporters can easily generate e-way bills for the transported goods. It has also helped to reduce the time at check posts and is also effective in reducing tax evasion.
This GSDT billing system with an annual turnover of above Rs. 100 crores in the preceding fiscal year. These businesses must obtain a unique invoice reference number for all Business to Business (B2B) invoices, by uploading them on GSTN online registration portal. The portal verifies the accuracy and authenticity of the invoices and thereafter authorizes the business with a digital signature and a QR code.
The primary advantage of e-invoicing is the reduction in the data entry error and the interoperability of the invoices. This system helps in transferring the invoice information from the Invoice Registration Portal (IRP) with the GST platform and e-way billing portal instantly. It also helps to eliminate the need to file GSTR-1 manually.
Harmonized System of Nomenclature (HSN) Code Requirements
From 1st April 2021, it has become mandatory for all businesses to mention SAC (Service accounting code) or HSN code on all supplies of goods and services. For example, a company with an aggregated turnover of up to Rs. 5 crores in the preceding fiscal year must mention its 4-digit HSN code on the invoice.
Similarly, companies with B2B and B2C supplies with turnover exceeding Rs. 5 crores in the preceding fiscal year must mention their 6-digit HSN code on the invoice. Before learning about various GST certification courses in Agra, let’s try first to understand its course structure.
Must check out the other in-demand courses in Agra
About the GST Certification Courses
Taking a GST certification course can be highly beneficial for Graduates, Company Secretaries, Chartered Accountants, and other tax professionals. The GST course is offered by the Ministry of Micro, Small, and Medium Enterprises (MSME) India. Taking this course can greatly improve your skills in the field of taxation, finance, and accounting. Some of the main skills that you will learn in this course are: how tax is levied and collected, valuation, the input of the tax credit, payment of the tax, returns and using GST with tally, etc.
Details of the Goods and Services Tax (GST) Course Are Mentioned Below:
- GST Levy
- GST Time of Supply
- GST Place of Supply
- Transitional Problems
- Input Tax Credit
- GST Return
- GST Registration
- GST Payment
- GST Assessment
- GST Refund
- GST Penalties
- GST Offences
- GST Advance Ruling
- GST Foreign Trade Policy
- GST Moot Court
- GST Ethical Practice
- GST Valuation
- GST Customs Duty
Now let’s take a look at how doing GST certification courses in Agra can help you in your career. Some of the benefits of doing a GST certification course are:
Increases the Job Opportunity for Students
Students and fresh graduates who study the GST certification course are going to get more job opportunities as the knowledge of GST has become essential in the field.
Improves Your Accounting, Taxation, and Bookkeeping Skills
GST certification course sharpens your accounting and taxation skills as you will be able to learn and practice new rules of taxation under the GST. It is also helpful for aspiring Chartered Accountants (CA), Company Secretaries (CS), and Certified Management Accountants (CMA).
High Possibility of a Salary Hike
Doing a GST certification course can help you get an increase of about 15 to 20 % on your current compensation.
Can Help You in Starting Your Tax Consultancy
Learning GST and after a few years of work experience, you can start your tax consultancy. Many people and firms both small and large face many difficulties in filing their tax returns. And with your GST certification and knowledge of accounting software, your consultancy can act as a support center.
Who Should Take the GST Certification Courses in Agra
- Fresh graduates and students who are looking for a career in accounts, banking, and finance fields. Students with bachelor’s degrees in commerce, arts, and engineering can also do the GST certification course.
- An already working accountant and professional involved in the new GST tax regime.
- Individuals who want to help their clients with the concept of GST.
- Law, Management, Chartered Accountants (CA), Company Secretary (CS), and Certified Management Accounts (CMA) students can also do the GST certification course.
Now let’s take a look at some of the best GST certification courses in Agra.
Learn more about the sough-after GST Certification Courses in India
The Top 6 GST Certification Courses in Agra
1. IIM Skills
IIM Skills is one of the largest online educational and skill development platforms. It offers one of the best GST certification courses in Agra. IIM SKILLS is famous for its skill development programs for students, working professionals, and entrepreneurs at affordable prices for achieving their career goals. They offer online self-paced GST Certification courses in Agra that cover a wide area of GST subjects.
Some of the Main Features of Their Online GST Certification Course Are:
- 16 hours of self-study lectures
- Practical and weekly assignments
- Dedicated placement cell
- Freelance opportunities.
- Registered certification with the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India
- Pre-recorded, in-depth, and hands-on-training on GST
- The curriculum is in sync with the latest developments in the GST domain
- Training delivered by Industry experts with enough case studies for getting the practical knowledge
- On-the-spot doubt clearance through their discussion forums
- Makes you job-ready with an in-depth understanding of all GST rules and provisions
Now Let’s Take a Look at Their Course Curriculum, Their Course is Divided Into 9 Modules, These Are:
- Module 1: The inception, the concept, and the implication of GST on Businesses
- Module 2: The foundation and structure of GST
- Module3: Criteria and processes for registration under GST
- Module 4: Invoicing rules and regulations in GST
- Module 5: GST Return Filings
- Module 6: Composition scheme under GST
- Module 7: Reverse Charge Mechanism
- Module 8: E-Way billing in GST
- Module 9: Payment and input tax credit under GST
The course fee for the program is Rs 2900 + 18 % GST.
Also Read: IIM Skills GST Certification Course Review
The National Institute of Financial Markets (NIFM) was established in the year 2008. It offers both classroom and online courses, with its offline center also present in Agra. They offer a GST-certified professional course, so those searching for GST certification courses in Agra can also consider their program.
Some of the Main Course Highlights Are:
- Provides in-depth knowledge of GST laws, their application, and concepts.
- Effect of GST on the functioning of organizations.
- 80% practical and 20% theoretical curriculum
- Changes that are required in the business process for compliance with new laws.
- Practical knowledge of different procedures like registration, filing of returns, utilizing Input tax credit, etc.
- Faculties with 10 + years of experience.
- Unlimited practical hours
- 100 % placement assistance.
- Availability of weekend batches
- Lifetime support from faculties
The program fee is Rs 25,000 + GST, please visit their website for information regarding their syllabus and other additional features of the course.
Here are the best GST Certification Courses in Lucknow
CAclubindia was launched in the year 1999, with the initial aim of sharing knowledge among Chartered Accountants. But later it gained popularity and now it provides knowledge in the whole area of the Finance profession. Those looking for the GST certification courses in Agra should check out their course.
Some of the Main Features of Their Online GST Certification Courses in Agra Are:
- 65+ hours duration
- The course has 4 modules.
- Module A covers basic to advance, Module B covers the GST practical return filing, Module c covers Litigation specifics and how to reply to GST notices and, Module D covers sector-wise analysis and case study.
- Experienced Faculties
- Mandatory exam for obtaining the certificate
- Results will be published immediately after the submission of the exam.
The fee of the program is Rs 6599 (inclusive of tax and registration).
4. ITAA Education
ITAA offers GST certification courses in Agra for its students. ITAA was established in the year 2016, its main aim is to make students ready for industry-oriented skills. The primary mission of ITAA was to address the skill gap between the institution’s passed-out students and the skills required for the corporate environment.
They Provide an Online GST Pro Course and Some of Its Main Features Are:
- Provides advanced GST knowledge
- Get on-hand learning with an expert GST Chartered Accountant
- Practical exposure to market practices of GST
- How to reply to GST notices
- Learning advanced compliances concerning GST
- The total duration of 35+ hours and 7 modules
- Some of the main topics covered include Introduction to GST, Supply: Place, time and value, Input tax credit, Initial compliance and records under GST, etc.
Also Check: GST Certification Courses in Varanasi
Indian Institute of Skill Development Training (IISD) was established with the primary aim of improving the skills of the youths of India. IISD is registered under the Ministry of Corporate Affairs, Ministry of Women and Child Development, NITI AYOG, MSME. For those looking to do GST certification courses in Agra, joining IISD is a good option for them. They provide online certification courses in GST at a very reasonable price. The course covers all the practical aspects of GST regulations. The course fee is Rs. 2000 and the qualification is 12th pass.
Some of the Main Features of Their Online Course Are:
- IISD has been awarded ISO 9001:2015 quality certification.
- IISD is launching a full-fledged to support its students for job placement.
- Placement assistance to all students
- Government Authorized Assessment Agency Certification
- Lifetime validity
- Some of the topics covered are: Introduction to GST, Levy, tax collection and reverse charge mechanism, Input tax credit, and payment of GST, the concept of tax planning, etc.
Their course fee is Rs 2000 only.
Must Read: GST Certification Courses in Noida
6. Henry Harvin
Henry Harvin also provides one of the best GST certification courses in Agra. Henry Harvin is one of the leading providers of Education, professional training, and advisory services. Henry Harvin was established in the year 2013, having offices in more than 11 cities across the globe. They are an ISO-certified organization with recognition from the United Kingdom Accreditation Forum (UKAF), UK Cert, American Association of EFL, MSME, and Project Management Institute (PMI).
They Provide a Gst Practitioner Online Course With Certification. Some of the Key Highlights of Their Program Include:
- 32 hours of online two-way interactive sessions
- The Government of India recognized GST certification
- Facility to undertake projects in GSTR 1, GSTR 2A, GSTR 3B, and more.
- Get E-Learning access to video content, assessments, PowerPoint presentations, and other tools.
- Get 1 year of Gold Membership
- 100 % placement support for 1-year post completion of the course
- Regular boot camps for 1 year
- Internships for gaining practical experience
- Interview assistance
Their syllabus covers all the important topics like GSTR 3B, GSTR 1, GSTR 2A, Input tax credit, critical analysis of GST law, New provision of e-invoicing, and more. The course fee for the program is Rs 12500.
Frequently Asked Questions (FAQs)
Q1. What is the qualification required for doing this course?
There is no specific qualification required for the course besides knowledge of basic accounting principles. Anyone from students, graduates & undergraduates, professional accountants, finance professionals like CA, CS, CMA, traders, etc. can take this course.
Q2. Why should one join GST certification courses in Agra?
The various benefits of doing a GST certification Course are an increase in about 15 % to 20 % salary, an increase in work opportunities, help in improving your accounting, taxation, and bookkeeping skills, and helpful in setting up a consulting firm.
Q3. What is the role of the GST Practitioner?
Some of the important responsibilities of a GST Practitioner are: a) Filing GST returns (monthly, quarterly, annual, or final), b) Making GST payment on behalf of the taxpayer, c) Filing GST refund claim, and d) applying for new registration, amendment, or cancellation.
Q4. How to become a GST Practitioner?
To become a GST Practitioner, one must attend the GSTP exam conducted across India at bi-annually designated centers. It is a computer-based exam, you have to score a minimum of 50% to pass the exam.
After the introduction of GST in India, there is a massive demand for trained GST professionals. From commerce graduates to finance professionals, there is a plethora of opportunities for skilled GST Practitioners in India. Some of the relevant job roles for GST-certified professionals include accounts executive, e-filing executive, tax advocate, tax consultant, accounts manager, tax research analyst, etc. So deciding to join GST Certification courses in Agra will be a very desirable decision that you are going to make.