Top 9 GST Certification Courses in Chandigarh With Placements
GST, or goods and services tax, is an indirect tax applied to the supply of all goods and services. GST has replaced all other indirect taxes throughout India. GST certification course helps the learner to become familiar with the goods and services tax regulations. GST certification course is useful for commerce graduates, financial and taxation professionals, chartered accountants, chartered secretaries, and other individuals who wish to make a career in this field. Many institutes offer GST certification courses in Chandigarh offline as well as online, you will find the best ones in the post.
Chandigarh is called Green City and is the third cleanest city in India. It is the capital of two states, Punjab and Haryana as well as it is a Union Territory. In this article, we will learn about GST, GST certification, eligibility, and benefits of the GST certification course, and GST certification courses in Chandigarh.
Goods and Services Tax
The main idea behind the implementation of GST (Goods and Services Tax) is the One Nation One Tax. Before GST was introduced in India, there were many indirect taxes levied on goods and services by the Centre and States. GST has subsumed all the indirect taxes levied on the supply of all goods and services. The idea of moving towards GST was first given by the then Union Finance Minister in his Budget speech for 2006-07.
However, it took a long time to get implemented. The Goods and Services Tax Act was passed in Parliament on 29th March 2017 and came into effect on 1st July 2017. Earlier, there were many indirect taxes levied on the supply of goods and services. Those were Central Excise Duty, Duties of Customs, Service Tax, State VAT, Purchase Tax, Luxury Tax, Entry Tax, Entertainment Tax, Taxes on Advertisement, Cesses, and Surcharge.
Types of GST
The GST system contains three types of GST. They are:
- CGST: Central Goods and Services Tax that is levied on intra-state goods and services transactions by the central government.
- SGST: State Goods and Services Tax that is levied on the intra-state goods and services transaction by the state government.
- IGST: Integrated Goods and Services Tax that is levied by the central government on an inter-state supply of goods and services.
- UTGST: Union Territory Goods and Services Tax that is levied by the union territory government.
How GST Works:
Goods and Services Tax is a comprehensive, multi-staged, destination-based tax in India that is levied on every value addition. GST is a single domestic indirect tax law for the entire country. It means the consumer will only bear the GST charged by the last dealer in the supply chain. Consumers don’t need to pay tax on tax throughout the value chain. GST is an attempt to remove the geographical barrier. However, the impact of GST will vary from one sector to another.
GST Rates Structure:
Goods and services are under 5%, 12%, 18%, and 28% rates structure. The list of goods and services is timely updated after any changes by the government.
Impact of GST
There have been both types of impacts on businesses, positive as well as negative. The purpose of the implementation of GST was one nation, one market, and one tax. They are:
Positive
1. Simplified Tax Structure
The taxation system has been simplified after the introduction of GST in India. There were excise duties, customs duties, VAT, service tax, entertainment tax, purchase tax, etc. that have been removed and only one tax is applicable. It has made tax calculations easier and less hectic for a common man to understand the tax applied on goods or services.
2. Removal of the Effect of Double Taxation
Double taxation has been an issue for all businesses. Under the previous tax regime, the transfer of goods was under the service contract. It means that every invoice had the value of goods as well as services. Removal of the old tax regime and introduction of GST has benefitted all as cascading effects of a tax on tax have been eliminated and people need to pay only one tax.
3. Increase in Competitiveness
Under the old tax regime, multiple taxes were implied that increased the production cost. Under GST, the end user has to pay taxes which leads to lower production costs and higher competitiveness. An increase in competitiveness lowers the value of goods.
4. Increase in Exports
Due to the implementation of GST, the cost of production has been reduced in the domestic market and that led to excessing exports.
5. Easy Transportation
With the implementation of GST, transportation of goods around the country has become easy and less hectic as compared earlier, boosting operations throughout the country.
6. Increase in Demand
In long term, the value of goods will go down due to low production costs leading to an increase in demand. This will boost the production cycle bringing in more profits and both the buyer and seller will be able to save a fair share of the money. It will boost the economy too.
7. Expansion of Businesses
An increase in production can lead to expansion which will generate more employment and income.
8. Raising Invoices for Purchases
The implementation of GST has increased the need to raise invoices for purchases of goods and services which can help fight black money and corruption.
9. Composition Scheme
Under GST, small businesses can lower taxes by using the composition scheme. This scheme has brought down the tax and compliance burden on many small businesses.
10. Simple and Easy Compliance and Online Procedure
GST registration to filing process is completely online and easy compared to the previous taxation process. The compliance part is also simplified and hassle-free unlike previous different taxes, VAT, and duties.
Negative
There have been both positive and negative effects of the implementation of GST; however, negative effects are for an initial and short time period.
1. Additional Cost for GST Software
Businesses either need to update their existing software or buy new GST software to keep their business going on. The expense due to the implementation of GST has added an additional burden.
2. Penalties
GST registration and compliance may become hard for SMEs initially and delay in this can attract penalties. They need to mention the GST number, place of registration, and other required details on the invoices and keep the digital records for proper compliance. Failing in these things attracts penalties.
3. Increase in Operational Cost
GST implementation has increased operational costs for businesses. They need to employ or take the services of a tax professional to be GST compliant.
4. Difficulties in Adapting a Complex Online System
GST registration and filing can be tough for SMEs since it may take some time to understand and adapt to the new system. They need to make some changes according to the new tax system.
5. Lack of Centralized Registration and Accounting
Businesses were able to register and pay taxes from anywhere in the country with the previous tax regime; however, taxpayers need to register from there and pay state taxes.
GST Certification Courses in Chandigarh
We have discussed GST, its types, GST slabs, and its impact on businesses and the Indian economy. Now we will discuss what is GST certification courses and top GST certification courses in Chandigarh.
What is a GST Certification Course?
The GST certification course can be taken by graduates, CA, CS, Finance & Taxation experts who wish to make a career in it. It increases job opportunities and also helps to develop skills. The aim of the course is to help businessmen, students, and professionals to enhance their knowledge regarding Goods and Services Tax by offering specialized and updated knowledge systematically.
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Benefits of GST Certification Course
- It helps in raising an individual’s salary significantly.
- It increases job opportunities and offers.
- One can start his/her own consultancy firm.
- It helps in developing skills and knowledge about GST.
Why Should You Enroll in the Courses?
If you plan to enroll in any course to learn any skill, you should go for it without thinking twice as enrolling in a specialized course has as numerous benefits. All these courses are dedicatedly created by well-equipped professionals who are completely aware of the scenario where you are planning to get into. The experts teach you and put all their learnings and experience to make you face the reality of the work field.
Apart from this, the courses are designed in a structured way so that even a very beginner can grab each and every concept with utmost clarity. If you are confused with your thoughts that how will you meet the standard of the course material, then you don’t have to worry more. Once you enroll in the course, you will find yourself more confident as the instructors always stay ahead to help their students.
So, now you must have made the decision to enroll in the GST course after gaining enough knowledge about the taxation process. This post lists the top-ranked courses, go through it and pick up the course that is looking fulfilling to you.
Top Institutes Offering GST Certification Courses in Chandigarh
1. IIM Skills
IIM Skills is one of the top institutes which offers GST certification courses in Chandigarh. The courses offered by IIM Skills are in online mode and can be attended from anywhere. The registration process is completely online which is quite easy and simple. The trainers at IIM Skills are experts and have great experience in this field. Let us discuss the course:
Eligibility:
Graduates from commerce, finance, banking, law, or accounting can take this course to learn about the GST system and add value to their resumes.
Key Content:
- GST and Its impact on businesses
- The Framework and Structure of GST
- Registration and Invoicing
- GST Return Filing
- Composition Scheme under GST
- Reverse Charge Mechanism
- E-Way Bill under GST
- Input Tax Credit
- Payment in GST
GST Certification Course Key Features:
- 16 hours of self-study lectures
- Practical assignment and Weekly assessment
- Free E-Books, Invoicing tools, and software
- Lifetime access to the content
- 24×7 online support
- Certification
Fees: Rs. 2,900 excluding 18% GST
You may like the other related courses offered by IIM Skills:
2. ICA
Top companies are always looking for skilled GST Practitioners, and ICA is a platform that offers one of the best GST certification courses in Chandigarh to meet the need. Their course is designed in such a way that you don’t only get access to one of the best GST courses online but also hands-on training to grab a job opportunity. Their learning sessions are in offline mode and candidates need to go to the physical location. Offline classroom teaching is good for people who prefer offline mode over online.
Course Content:
- Basic concepts of GST
- Levy and Collection of Tax
- Valuation
- Payment of Tax
- Returns
- GST using Tally
Key Features:
- Training at a physical location
- 27 Hours course
- Access to e-content
- Training by the experts
- Examination after completing the course
Contact and Address:
Email: crm@icagroup.in
Phone: 8335069981
ICA Edu Skills Chandigarh
SCO 94-95,
4th Floor, Sector 34A,
Chandigarh – 160022
Recommended Read: GST Certification Courses in India
3. ISEL
International Society for Executive Learning (ISEL) offers excellent GST certification courses in Chandigarh. The course is offered in an online mode that can be accessed from anywhere. Their GST Practitioner Certification Course is recognized by the Government of India. The course helps tax experts and professionals to learn various aspects of GST, the GST regime, and a comprehensive guide to GST regulations.
Course Content:
- Taxation and GST Basics
- GST Concepts and Basics
- GST Registration
- GST Invoicing
- GST Returns
- Input Tax Credit
- GST Valuation
- GST Legal Provisions
- Miscellaneous
Key Features:
- Access to e-learning content of 35+ Hours
- Live online interactive sessions
- Experienced and industry practitioner trainers
- Email updates and 24×7 support
- Online examination and certification
Contact
Email: contact@iseglobal.com
4. The Institute of Cost Accountants of India
It was formerly called The Institute of Cost & Works Accountants of India. It is a professional accountancy body in India and is under the ownership of the Ministry of Corporate Affairs of the Government of India. They offer online GST certification courses in Chandigarh. Let us discuss in detail the course:
Course Content:
- Constitutional Background, Concept, and Definitions in GST
- Classification
- Input Tax Credit, Refund of ITC
- Records and Returns
- Payments and Refunds
- Demands, Penalties, and Prosecutions
- Zero Rated Supplies, Imports, and Exports
- Valuation under GST
- Annual Return and Assessment
- Adjudication and appeal
- Advance Ruling and Anti-profiteering
Key Features:
- Live doubt clearing sessions
- The course duration of 72 hours
- Online sessions and assessment
- Examination and Certification
- Study material and mock tests
- Experienced faculties from the industry
Course Eligibility:
- Qualified Cost and Management Accountants
- CA, CS, M.Com, MBA, and Lawyers
- Executives from industries and Tax practitioners
- CMA qualified or CMA pursuing students
Contact:
Email: trd@icmai.in
Recommended Read: GST Certification Courses in Bangalore
5. Indian Institute of Skill Development Training
Indian Institute of Skill Development Training offers online GST certification courses in Chandigarh. The course is a comprehensive guide to the Goods and Services Tax regulations. It covers the practical aspects of GST including registration, returns, and in-depth accounting and recording of GST transactions. The course fee is affordable and completely online. Let us discuss the course details:
Course Content:
- Introduction to GST
- Levy, Tax Collection
- Reverse Charge Mechanism
- Input Tax Credit & Payment of GST
- Concept of Tax Planning
- Statistical Data & Descriptive Statistics
- Probability and Probability Distributions
Key Features:
- Online Course and Examination
- Government Authorized Assessment Agency Certification
- Free job assistance
- Course and Exam Fee: Rs. 2000
Contact:
Email: iisdtindia@gmail.com
6. Cleartax
Cleartax offers comprehensive e-Learning Certification on New GST Returns. They have expert trainers from the industry who provide online GST certification courses in Chandigarh. Its motto is to connect Finances for Indian taxpayers.
Course Content:
- Introduction to New GST Returns
- Complete Filing Process for RET 1/2/3
- In-depth analysis of ANX ½
- Transition plan
- Case studies by expert Cas
Key Features:
- 8+ Hours of in-depth training
- Lectures by industry experts
- Assessment and ClearTax certification
Fees: Rs. 4800
Recommended Read: GST Certification Courses in Jaipur
7. Udemy
Udemy is an online learning platform where pre-recorded video courses are available for students. Udemy has many online GST certification courses in Chandigarh. The courses available on Udemy are affordable and have great reviews and subscriptions. The courses are pre-recorded and accessible from anywhere. Registration and subscription are easy and fast. There are many courses available for GST certification. However, you can select any of the highly rated and trusted courses available on Udemy for extreme knowledge. Let’s discuss the course details:
Course Content:
- Basics of GST
- Composition scheme
- Input tax credit
- GST Registration
- Returns
- Transitional Provisions
- Place, Time, and Value of Supply
- Offenses and Penalties
- Payments
- New council meetings: GST rates
Key Content:
- Completely online course
- Pre-recorded sessions
- 29 articles
- Full lifetime access
- Access on Mobile and TV
- Certification on completion
8. V Skills
Vskills offers one of the best online GST certification courses in Chandigarh. The purpose of this course is to develop skills of accounting, finance, and tax professionals and students in Goods and Services Tax. One should take this course to demonstrate a clear understanding of and practical aspects of GST. Let us discuss the course and certification details:
Course Content:
- Taxation and GST Basics
- GST Concepts and Basics
- GST Registration
- GST Invoicing
- GST Returns
- Input Tax Credit
- GST Valuation
- GST Legal Provisions
Key Features:
- Online classes
- Access e-learning content anywhere
- Online exam
- Certification
Contact:
Email: info@vskills.in
Recommended Read: GST Certification Courses in Mumbai
9. Henry Harvin
Henry Harvin offers GST certification courses in Chandigarh in online mode. The course is named GST Practitioner Course which gives 360-degree insight into GST regulations. It is a 9-in-one course and the trainers are well experienced and learned. Let us discuss the course details:
Course Content:
- Supply, place, and value of supply, Export and Import, E-Way bills
- Registration, Input Tax Credit, Transitional Provisions
- Accounts and Records, Invoice,
- Tax Payments, Time of Supply,
- Returns, Refunds
- Litigation Management,
- Audit and Assessment,
- Offenses and Penalties
Key Features:
- 100% Practical GST Practitioner Course Training Course
- 9 in 1 Course
- 24×7 Lifetime Support and Access
- Award-Winning Trainers
Fees: 12500/-
Frequently Asked Questions:
Q: How should I choose the most suitable GST certification courses in Chandigarh for me?
A: You should go for the course after checking the course content that fulfills your learning requirements. One must also check the online reviews and ratings before enrolling in any course.
Q: Should I go for online or offline GST certification courses in Chandigarh?
A: It is better to choose an online course since you can access all the content anytime on the go. Also, the course fee is lower compared to the offline classes. Recorded videos are also available in case you miss any classes.
Q: Will I get any refund if I don’t like the course?
A: Not all the institutes offer a refund once you enroll; however, there are a few institutes like IIM Skills that offers a full refund after the first class if not satisfied.
Q: Is a GST practitioner a good career option?
A: Yes, a GST practitioner a good career option if a proper GST certification course is taken from a reputed institution with the certification after completing the examination. Nowadays, there is a dire need for taxation experts, especially a GST practitioner who has in-depth knowledge and can help businesses with the registration process, and tax filing and save them from any charges or penalties that are usually due to lack of knowledge.
Conclusion
Goods and Services Tax certification course is beneficial for all people who are either professionals or into business. Nowadays, it is essential to understand taxes imposed by the government to avoid any kind of charges or penalties. To gain knowledge about GST and understand the in-depth information about Goods and Services Tax, one must attend GST courses by any of the above institutes to keep oneself updated and aware. The course is helpful for fresh graduates, pursuing commerce and finance degrees or any other taxation experts to gain knowledge about GST. GST certification helps people to get promotions or get better job opportunities in their field.