Benefits of Doing GST Certification Course in 2022 – GTIA

 

Goods and Services Tax (GST) is a form of indirect taxation imposed by the Government of India which is levied by both the Central and the State Governments. Unlike the previous taxes GST is destination based rather than origin based as it is collected from point of consumption and not point of origin. GST is a unifying tax which has replaced miscellaneous taxes including service tax, excise duty, and purchase tax which were prevalent earlier. As it has subsumed nearly all the indirect taxes it is hailed as a comprehensive tax. Being a multi-staged tax it is imposed at every step in the production process; however it is meant to be refunded to all parties involved in the various stages of production except the final consumer.

Source: Google

Advantages of GST

The implementation of Goods and Services Tax (GST) has proved to be a significant development in the field of indirect tax reforms in India. GST has unified the Indian market and provided a common platform for taxation to be applicable. GST has brought together numerous Central and State taxes which has mitigated the impact of the cascading effect or double taxation which used to happen when tax was imposed at every stage of production. From the perspective of the buyer, the biggest advantage would be in terms of a decline in the overall tax burden on goods. With the introduction of GST the outcome was that the products and services for sale were made competitive in the domestic and international markets. Research has shown that this would promote economic growth. This tax which is available entirely in online mode is transparent in nature and easy to govern.

GST Certification Course

A certificate course in GST would be helpful for learners and professionals who want to comprehensively understand the tax regime and the process of how GST works. In order to file GST appropriately and not get overwhelmed by the procedure, it is a good option to have an in-depth knowledge of GST. George Telegraph Institute of Accounts (GTIA) is one of the popular institutions in Kolkata offering a Certificate course on gst which can be pursued by students with a minimum eligibility of class 12 pass. The course duration is of 2 months and not just students but professionals like Chartered Accountants, Company Secretaries, Certified Management Accountants, Cost, and Management Accountants, and students of law and business can opt for this course. The different modules on which lesson is imparted are Scope of Supply, IGST (Place of Supply), Time and Value of Supply,  Input Tax Credit, Registration, Tax Invoice, Accounts & Records, Returns, Payment of Tax, Refund, and TDS & TCS.  Other than these, candidates are also taught on Job Work, Ecommerce, Transitional Provisions, Liabilities, Assessment & Audit, Advance Ruling, Appeals & Revision, Recovery, Inspection, Search, Seizure, and Offence & Penalties.

Source: Google

Advantages of GST Citification Course

On successful completion of this course there will be several job opportunities for the candidate. Other than that there will be several advantages of learning this course. The advantages include high chances of salary hike, opportunity to open one’s own tax consultancy firm, diverse job opportunities, acquiring shrewd data regarding the expense structure, and advanced problem solving and accounting capabilities. A certificate course on GST is beneficial in myriad ways and GTIA which offers the course in both offline and online modes. If you are looking forward to do a gst course online then GTIA should be your first choice.