Benefits of Doing Certification Course on GST

Before delving further, we should have a clear concept of what is GST. Goods and Services Tax (GST) is one of the remarkable taxes that was introduced by the government of India. It is a significant step in the Indian economy that aims to unify the existing taxes and make it a bigger participant in the international market. If you are willing to do a certification course on GST, contact GTIA. George Telegraph Institute of Accounts (GTIA) is the most popular institute in Kolkata. Visit their website today to know more about the courses offered. Read this article as we attempt to describe the advantages of doing a GST certificate course.

 

What is GST?

Goods and Services Tax (GST) is a form of direct taxation introduced by the Union Government of India. It is levied by both the central and the state governments. The previous taxes were origin based but GST is destination based. This means that it is collected from the point of consumption and not the point of origin.

GST is a unifying tax that has replaced the several taxes that were prevalent earlier. It is hailed as a comprehensive tax as it has subsumed all the earlier indirect taxes. It is a multi-staged tax that is imposed at every step in the production process. Nonetheless it is meant to be refunded to all parties involved except the final consumer.

 

What are the advantages of GST?

GST has led to significant developments in the field of indirect tax reforms. It has unified the Indian market by providing a common platform for taxation. GST has brought together several Central and State taxes. This has lessened the cascading effect that people were facing earlier. Double taxation or the cascading effect happens when tax is imposed at every stage of the production. The greatest advantage is the reduction of the tax burden of the consumer. The products and services were made competitive in the domestic and international markets. Studies show that this has promoted economic growth. GST is available entirely online and is transparent. It is also easy to govern and helps to take strategic steps.

 

What is GST Certificate Course?

GTIA is the reputed institution that offers this certificate course in GST. This will make you understand the role of the tax in the Indian economy. You will learn about the prevalent tax regime and how GST works. At times, it might seem confusing to file the tax and doing this course would help you immensely.

GTIA is particularly well-famed because of their accounting and taxation course. The minimum eligibility required is class 12 pass. The GST certificate course runs for 2 months. It is easy for not just freshers but professionals to do this. Chartered Accountants, Company Secretaries, Certified Management Accountants, Cost, and Management Accountants, and students of law and business can opt for this course.

Students are taught on the following modules –

• Scope of Supply.
• IGST (Place of Supply).
• Time of Supply.
• Value of Supply.
• Input Tax Credit.
• Tax Invoice.
• Accounts & Records.
• Payment of Tax.
• TDS & TCS.
• Job Work.
• Transitional Provisions.
• Liabilities in Certain Cases.
• Assessment & Audit.
• Advance Ruling.
• Appeals & Revision.
• Inspection, Search, Seizure.
• Offence & Penalties.

Get in touch with their consultation team to get enrolled in their job-ready courses. GTIA not only provides with theoretical knowledge but also practical training. After completing a course from here, you will be able to launch your career in the industry of your choice.