GST or the Goods and Service Tax has become an integral part of our life. And understanding GST is essential for the growth and prosperity of our nation, especially for our chartered accountants. Knowing the complete knowledge of GST helps CAs to guide their clients with the needs and requirements of the relevant business.
As simple as it sounds, but it may be a little hard to understand, thus learning the concept of GST courses for CA students has become essential.
Importance of GST for CA Students
- GST tax system takes off the burden for manufacturers.
- GST restrains the overall production costs of the goods and helps improve the economy of the country in the long run.
The principles of GST play a significant role, especially for law and finance professionals. The GST courses for CA students give them many opportunities as there is high demand for CAs with up-to-date and substantial knowledge about GST.
What is a GST course?
The Goods and Service Tax is a complete guide to goods and service tax regulations. The GST courses for CA students intend to provide an updated and specialized knowledge about GST by skilling the students.
Supply chain optimization, accounting, pricing, IT, and tax compliance are some of the applications of learning thought in this GST course for CA.
Types of GST
Before implementing GST, various indirect taxes were levied both by the center and the state. Different states followed different rules and regulations. There were many additional taxes which resulted in a lack of uniformity. And this posed a barrier to internal trade within the country. Thus GST was introduced to overcome all this.
There are four different types of GST.
SGST(Sales Goods and Service Tax)
State Goods and Service Tax or SGST conveys the concept of one tax on one nation. It is one of the main categories of Goods and Service Tax and is applied to intrastate supplies by the state government. SGAT is collected by the individual states when the products occur within the same.
CGST(Central Goods and Service Tax)
Central goods and service tax is applied on intrastate supplies of both goods and services by the Central Government. And CGST is governed under the CGST act.
UGST(Union Goods and Service Tax)
Imposed in the transactions undertaken by the union territories, the UGST is similar to SGST. It is comparable in terms of the payment rules and apportionment. The Lakshadweep, Chandigarh, Andaman and Nicobar Islands, Dadra and Nagar Haveli, Diu, Daman are the Union Territories.
IGST(Integrated Goods and Service Tax)
The central government collects IGST. The central government and respective state governments impose it. After collecting the tax, the central government distributes the predefined share as per the agreement with the state and central governments. The tax rate of IGST is the sum of CGST and SGST rates.
In this article, here is a list of the top 11 institutes offering GST courses for CA that may guide you to choose your ideal choice of an institute that will help you understand and learn the whole concept of GST and become a qualified GST practitioner.
Top 10 GST Courses For CA
1) IIM Skills
IIM Skills is among the best institutes that aim at enhancing the lives of students and also professionals. They provide the most reliable training in highly in-demand courses. The GST courses for CA students aim to provide a complete understanding of all the concepts of GST.
The candidates are given training by professionals in the accounting, finance, and tax field. The course duration is four weeks, and the GST Practitioner Master Course fee is INR 6490 + 18% GST.
The Course Provides:
- Lifetime access to LMS.
- 100% job-oriented training.
- Hands-On Learning Freelance Opportunities.
- Practical Assignments.
- Dedicated Placement Cell.
- Free E-books, Invoicing Tools & Softwares.
- Master GST Certification From IIM Skills.
The Curriculum Of The Course Includes:
- Introduction to GST
- Basics and Advantages Of GST
- Credit and Debit Notes
- Issue of e-way Bill
- CGST, IGST, UTGST
- Reverse Charge Mechanism
- GST Forms
- Importance of e-way Bill
- Process of Return Filing Of GST
- GST Composition Scheme
IIM Skills Brand Partners
Reviews and Testimonials
For a more detailed review, read IIM Skills GST Certification Course Review
2) GST Courses for CA by ICAI
Members of the Institute of Chartered Accountants India are eligible to take up this course. The course aims at upgrading GST courses information in India. Academicians, specialists in the field of backhanded charges, chartered accountants, supporters give the candidates detailed explanations. The course duration is 10 Days.
The course fee is INR 14,000 or more GST for Kolkata, Delhi, Hyderabad, Jaipur, Chennai, Bangalore, Mumbai, Pune, and Ahmedabad. The Members of the ICAI are eligible for this course.
The Curriculum Includes:
- Composite rules, Levy of GST, IGST, CGST.
- Fundamental definitions of goods and services, business, composite, and mixed supply.
- Provisions related to GST in constitutions of India, essential judgments that are related to GST, and legal maxims.
- Classification under HSN and SAC covering.
- Purpose of time of supply of goods that are related to GST.
- Transitional issues.
- Overview of Goods and Service Tax, exemption of goods and services, etc.
- Custom duty, ethical practice.
- Overview of GST compensation.
- Input Tax Credit.
- Purpose of a place of supply, valuation, registrations, returns, payments, penalties, offenses.
Check out Top 7 GST Certification Courses in Noida
3) Clear Tax Learning- GST Courses in India
It is a software solution company that conducts GST courses for CA. This company aims to educate INDIA towards GST. Clear tax conducts online classes through Udemy, and offline through workshops, quizzes, and webinars. They also provide 8 hours of interactive on-demand video content.
Courses Offered By Clear Tax:
1] Complete GST Course For Small and Medium Enterprises, the fee for the course is INR 4800.
2] GST Course in Kolkata & Certification Course, INR 3600 is the fee for this course.
3] New GST E-Learning Certification Course, the cost for this course is INR 4800.
4) GST Certification Courses by ISEL Global
ISEL Global offers GST courses for CA students and CA practitioners. It is a complete guide to Goods and Service Tax regulations. They have introduced the GST certification course in association with MSME to impart the practical aspects of GST that include in-depth accounting and recording of GST transactions, registration, and returns.
The course helps professionals and aspirants to understand and assimilate ongoing changes in GST and make them GST experts. The course aims to provide knowledge of the practical aspects of GST to all. The cost of the course is INR 7600, and the duration is three months.
The Course Modules:
1: Taxation and GST basic
2: GST Concepts and Basics
3: GST registration
4: GST Invoicing
5: GST Returns
6: Input Tax Credit
7: GST Valuation
8: GST Legal Provisions
Few Benefits of The GST Courses For CA By ISEL Are Listed Below:
- The course helps aspirants become GST-ready where they understand various new compliance requirements under the new GST regime.
- The course helps students start a career in finance and accounting by providing an in-depth understanding of GST provisions.
- Aspirants can learn more about the impact of GST.
- It also gives practical training exposure for GST Certification, Registration, and similar issues.
5) VSkills GST Certification Course
Vskills offers online training in GST courses for CA students. They demonstrate a clear understanding and practical aspects of GST and aim at developing the skills of finance, accounting, and taxation.
VSkills have also collaborated with monsterindia.com, and the cost of their GST course is INR 3499. The students get lifelong e-learning access and a hard copy of the study material.
The Course Has The Following Concepts:
- Taxation and GST Basics
- GST Administration
- GST Registration
- GST Payment
- GST Accounting or Record Keeping
- GST and Law
- IGST and GST in Other countries
6) GST Certification Courses in India By Tax Guru
The GST course by Taxguru follows a blended learning approach. The students access their Learning Management System and get a real class experience with the pre-recorded sessions from their latest online professional development course.
All concepts from basic to advanced level such as amendments, legal aspects, handling assessments, precautions to minimize disputes with the GST department, major compliances, GST health check-up, along case studies, are covered in this GST course for CA.
Students get a certificate from Taxguru Edu after completion of the course. CA Raman Singla will deliver the course. He has trained more than 30,000 professionals across India. He is also an author of a best-selling book, a complete analysis on GST. The cost of the course is INR 10000/- plus GST 18%
7) GST Certification Course by Training Central
Naukri.com provides Training Central’s GST certification course.
The Curriculum Of This Course Include:
- Introduction to GST
- Important theories of GST
- GST processes
- GST returns
- Calculation of GST.
- Case study-based approach.
The GST course for CA is of 1 hour of e-learning content, and to help the candidates, it has a detailed glossary. The cost of the course is INR 944.
8) Online GST course for CA Students by ICTA Academy
ICTA Academy has launched a free online GST certification course for leading CAs, corporate executives, and indirect tax professionals. The course explains the basics of GST, the implications of tax law, and its benefits. The aim is to make the candidates understand the different real-life scenarios for applications and design of GST and its areas of impact on their business.
The course provides an overall understanding of GST law by covering concepts such as implementation, enforcement, and compliance with GST. It also helps candidates acquire practical knowledge.
After Joining, Candidates Will Learn
- GST Basics
- Why India needs this Legislation?
- Essential factors of the new law
- Impact and Implications of GST
The Syllabus Of The Course Are:
- Introduction to GST
- What does History say?
- What are the Taxes that GST axes?
- Why do we need GST?
- What are the Tax Points? Part 1 and Part 2
- How is technology the great enabler?
9) GST Course by GST Suvidha
This GST course for CA is an online mode course. The time duration is 1 hour 5 minutes with on-demand video. This course is also for those aspiring for a career in GST as for B.Com, MBA, Mcom, CMA, BBA, and CS.
The instructor Shreya Singh has been a leading team member in various government consulting projects and is one of the most experienced professionals in GST, direct & foreign taxation.
In This Course, Candidates Will Be Learning:
- Introduction To Taxation
- Basics of GST
- How to file GST Returns
- How to save a large amount of taxes for your business
- How to make payments of taxes?
- It will also help you to understand all aspects of GST law from a practical point of view.
- Content of the course are:
- Overview of GST certification program
- Basics of GST
- Introduction to GST
- How to file GST return on GST Portal
10. GST Course by Henry Harvin Education
The GST courses for CA from Henry Harvin give a complete insight into GST regulations. New provisions of e-invoicing, GSTR 3B, GSTR 1, GSTR 2A, and how to take ITC if not reflecting, all these latest topics covered in this course. The course gets delivered by experts who have spoken at various notable platforms.
GST Course Curriculum
The course includes the following curriculum:
Module 1: Supply or Levy, Value of Supply, Place of Supply, E-Way Bills, Export & Import.
Module 2: Registrations, Transitional Provisions, Input Tax Credit and ITC04, Job Work.
Module 3: Account & Records, Tax Payments, Invoice, Returns, Refunds, Time of Supply.
Module 4: Litigation Management, Offenses & Penalties, Audit and Assessments, Demand and Recovery.
1: Soft Skills Development
2: Resume Writing
The cost of the course is 12500.
The course comes with hand-holding and study material. These are the top 11 institutes that will help you become a professional GST practitioner.
GST incorporates different taxes such as VAT, customs duty, excise duty, service tax, and entry tax in a single tax system. The motive of GST is to benefit millions of small businesses to reduce any complications with the complex compliance of doing business in India.
Candidates Who Can Also Take Up This Course To Improve Their Job Opportunity Are:
- Company secretaries.
- CA students.
- Tax and financial professionals.
- And individuals who want to make a career opportunity in this field can also take up this course.
Frequently Asked Questions:
How can a CA student become a GST professional?
To be a GST professional, the CA student must take up courses on GST and then practice by serving the clients.
How to be a GST practitioner?
Take up GST courses that help you learn the concepts of GST. And appear for the government certification exam. After clearing the exam, you are a qualified GST Practitioner.
Does the GST course require any prior knowledge/skills?
Students must know a basic understanding of the Indirect Tax system of our country.
How does GST Training will help in the placements or promotions in the career of GST students?
GST, in today’s life, is the need of the hour. And having an understanding of the GST regime and compliances helps the candidates to have the eligibility to be hired by companies. And acquiring in-demand skills will be a boon for the professionals, which may help them get promoted.
A chartered accountant plays a significant role in capital budgeting, financing, Tax planning, budget forecasting, and many such activities.
Thus, the most important and next step of a chartered accountant is to have complete and proper knowledge of GST. It is required because a chartered accountant advises the owner of the organization to work on the business. A careful study of GST is a must for the tax planning and advice of the directors. All professionals must be aware of everything happening in the economy by updating daily.