Top 10 GST Certification Courses in Trichy

Consider a country where citizens pay a variety of taxes for products and services that are produced within the country as well as for those also that are imported into the country. The complicated web of a country’s tax structure perplexes businesses and individuals alike. Consumers and producers of goods will find it much easier to deal with a single tax system. GST stands for Goods and Services Tax, and it refers to a single indirect tax system.

 

List of best GST certification courses in Trichy

 

What is GST?

 

GST is a system of indirect taxation on goods produced in a country. Direct and indirect taxes are the two types of taxes that exist in general. When it comes to direct tax, there are no issues. The indirect tax, on the other hand, makes things tough for both the government and the people.

 

As a result of the lessons learned from other nations’ GST implementations, India implemented GST in July 2017. Prior to the introduction of GST, India had taxes such as service charges, VAT (Value Added Tax), and so on. When a new system will implement then along with it, there will be a new opportunity that emerges and the jobs around will be created.

 

Benefits of GST:

 

There will be regulated and unregulated marketplaces in any economy. To go even further, there is an organized sector that has all of the necessary government registrations and pays taxes on the goods and services that it provides to its consumers. An example might be a large corporation that is conducting business.

 

There will remain unorganized sectors in the economy; they will register and be recognized by the government; yet, because of the meager money they generate, it will be difficult to tax them. Because of the unified tax system, the unorganized sector will now be bound to the GST, which will alleviate the complexity caused by the previous method of taxing commodities.

 

The new GST system allows businesses and individuals to file their taxes online, which is incredibly convenient and low-cost to maintain. Previously, there were more laws and regulations, which confused the business owner. When compared to the prior regime, compliance has decreased dramatically since the adoption of GST.

 

Previously, logistics companies had to keep warehouses in each state to avoid paying the entry tax. Following the establishment of the GST, logistics businesses have started operating warehouses just in locations where they are needed, rather than in each state.

 

Rather than taxing at separate rates in each state, the tax rates for a commodity produced in a country are the same. Following the implementation of the GST, the same product gets taxed at the same rate throughout the country.

 

How one Can Become a GST Consultant?

 

To become a GST consultant, one must first become a certified GST consultant, which must be approved by the Indian government. There are also several institutes that can help you become a GST practitioner and are accredited.

 

  • When a new business is established, it must obtain a GST number in order to submit for tax rebates and other purposes. If you are a certified GST practitioner, you can charge a fee to obtain a new GST number for their firm in this scenario.
  • When a firm is paying excessive taxes and you, as a consultant, notice that the company can decrease the tax, you can provide advice on how to reduce the tax and earn money.
  • When a business has a problem, such as an appeal for a tax rebate or an overpayment of tax, a GST consultant can represent the company and charge a fee.

 

However, there are other means to make money as well as working as a GST consultant. Let’s look at the institutes that provide GST certification courses in Trichy.

 

Top 10 GST Certification Courses in Trichy

 

1. IIM Skills

 

The first institute that we will discuss for GST certification courses in Trichy is IIM skills. IIM Skills is the leading training institute for GST practitioners. The most significant advantage that IIM skills provide is online training. In addition, the student will have access to the course for the rest of their lives.

 

You can enroll in the course if you are a recent graduate, a student, or an accounting professional with a proven track record. A specific placement cell exists at IIM Skills. Once you’ve completed the course, the team will aid you in finding work or establishing yourself as a freelancer. The only thing required of students is a commitment to finish the course.

 

The MSME government of India recognizes the certification issued by IIM skills. The students will be provided with the necessary equipment and software to complete the GST course, which will be taught in a hands-on way. As a result, the course is taught in a practical manner, and students can begin working immediately after being hired.

 

The course’s major selling point is that if you don’t like it, you can get your money back. Because the certification price is included in the course fee, the student does not have to pay it individually. 

 

GST Certification Course Modules:

 

  • Concept of GST 
    • Introduction to GST
    • Types of GST
  • The framework and structure of GST
    • Meaning 
    • Time of supply, Place of supply, Valuation of supply
  • Registration under GST: Criteria and Process explained
    • Online registration 
    • Process of registration
    • Amendments in registration
    • Surrender of registration
  • Invoicing in GST
    • Raised invoice and charged GST
    • GST invoice
    • Bill of supply
  • GST returns filling
    • Type of return forms and the due date
    • Process flow of return filling
  • Composition scheme under GST
    • Limitation and registration of composition scheme
    • The tax rate under the composition scheme
  • Reverse charge mechanism(RCM)
    • What is RCM
    • Taxability under RCM
  • E-way bill under GST
    • The necessity of the E-way bill in GST
    • Who is responsible for issuing an E-way bill
    • Issue E-way bill
  • Input tax credit and payment in GST
    • Offer GST liability
    • Modes of payment

 

Other Courses

 

2. ACTE

 

ACTE is the next institute that offers GST certification courses in Trichy. GST courses are available both online and offline through ACTE. They also have many locations in Trichy for offline training. The ACTE institution offers morning, evening, and weekend classes to help students with their commute and flexibility.

 

Below is the Curriculum Offered in ACTE:

 

  • Accounting using tally           
    • Computerized and manual accounting basics
    • Inventories’ entries
    • Adjustments entries
  • Features of GST
    • Basic law
    • Eligibility
    • Registration
    • Migration
    • GST refund
    • Filling forms
  • Banking matters
  • GST Components
    • SGST
    • IGST
    • CGST
  • GST – tax structure
    • Zero/Lower/Standard/Higher rates
    • Reduced tax and tax credit
  • Benefits of GST
    • Goods and their free movement
    • Reduced tax and tax credit
    • Automated compliance
  • GST Registration
    • Eligibility
    • Documentation required
    • GSTIN
    • New applicants and the registration process
    • Existing taxpayers and registration process
    • Application – status checking
  • Filing GST returns
    • GSTR1 to GSTR11
  • Input tax credits 
    • How to receive input tax credits for GST services rendered
  • Create GST invoices for the tax that is collected
    • Create GST invoices for the tax that is collected
    • Crate GST returns
    • GST invoicing and payments
    • How to pay taxes
  • MIS Reports
    • Split and freeze pans
    • Goal seek
    • Auto and advanced filters
    • Pivot table
    • Short cut keys and formulas
    • Advanced excel reports
    • Vlookup for preparing MIS reports

 

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3. Synergy School of Business Skills

 

The next institute that offers GST certification courses in Trichy is the Synergy School of Business Skills. One of the best features of this institute is that it offers both GST and Tally courses. A tally is accounting software. Students will obtain in-depth knowledge of GST provisions, the impact of GST on various sectors and their business models, practical training for GST registration and certification, and technical skills to grasp the new GST regime by enrolling in the GST course.

 

4. Taxguru

 

Another institute that offers GST certification courses in Trichy is Taxguru. The beauty of this course is that students can learn at their own pace. This online course contains course materials, inquiry resolution, an online test, and an online certificate.

 

Below is the GST Course Curriculum in Taxguru

 

  • Constitutional aspects
  • Concepts of GST
  • GST set off rules
  • Input tax credit
  • Registration
  • Form GSTR
  • Definitions of capital goods to the continuous supply of services
  • Input tax credit reversal
  • Zero-rated supply
  • Refund of ITC and formula
  • Supply to SEZ and Deemed export
  • Inverted duty structure
  • Transitional issues
  • Valuation provision
  • Composite and mixed supply

 

5. The Institute of Charted Accountants of India

 

Another institute that offers GST certification courses in Trichy is the Institute of Chartered Accountants of India(ICAI). The sole stumbling block to enrolling in this course is that it is only open to ICAI members. The course is 10 days long and has two alternatives. Students can enroll in either weekend or weekday classes.

 

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6. CA Club India

 

Another institute that offers GST certification courses in Trichy is CA club India. This course also comes with an online mode. It also covers everything from beginner to advanced levels.

 

Below is the GST Course Content:

 

Module 1: Levy & Supply under GST

  • Scope of supply under GST
  • Composite and Mixed supply

Module 2: Taxable person & Registration

  • Compulsory registration
  • Provisions for registration under GST

Module 3: Time and Value of Supply

Module 4: Input tax credit

Module 5: Place of supply for goods or services

  • Place of supply for goods
  • Place of supply for services

Module 6: Zero-rated supply

  • zero-rated supply 
  • Treatment of export transactions

Module 7: Tax Invoice, Introduction of E-Invoicing under GST and Job work

Module 8: Existing Return and New GST Return System under GST & E- Way Bill

Module 9: Clause by Clause filing of GST Annual Return (Form GSTR-9)

Module 10: Clause by Clause filing of GST Audit Report (Form GSTR-9C)

Module 11: Inspection, Search, Seizure, and Arrest 

Module 12: Advance Ruling under GST

Module 13: Appeal, Revision, Offence & Penalty in GST

Module 14: Questions and Answers Questions related to the following Topics:

Module 15: Questions and Answers

Module 16: Intricacies in Supply, Deemed Supply, Cross Charge vs. ISD, Valuation, etc.

Module 17: Intricacies in Time of Supply and GST ITC with Q&A.

Module 18: Overview & Intricacies of in Place of Supply for Goods and Services with Q&A.

 

7. Vskills

 

Another institute that offers GST certification courses in Trichy Vskills India. This is an online course; however, you will receive a paper copy of the materials covered in class. The certification is recognized by the Indian government.

 

Below is the GST Course Content from Vskills

 

  • Taxation and GST Basics
  • GST Administration
  • GST Registration
  • GST Payment
  • GST Accounting or Record Keeping
  • GST and Law
  • IGST
  • GST in Other countries

 

8. NIFM

 

Another institute that offers GST certification courses in Trichy is NIFM. The National Institute of Financial Management (NIFM) is an autonomous institute under the ministry of finance(India). The course will be delivered entirely online, and students must have a minimum of 60% attendance to be eligible to take the certification exam.

 

Below is the GST Course Content from NIFM:

 

Module 1: 

  • Overview of GST Act – CGST/SGST 
  • Meaning and Scope of Supply of Goods & Services 
  • Registration 
  • Role of GSTN Ÿ Filing of Returns 
  • Types of Returns and Formats 
  • Input Tax Credit and its matching

Module 2:

  • Overview of IGST Act 
  • Supply of Goods and Services 
  • Cross-utilization of IGST & Funds Transfer 
  • Valuation of Supply 
  • Input Tax Credit and ISD 
  • Electronic Commerce and Job work

Module 3:

  • Tax Invoice, Credit / Debit Notes & Payments
  • Transitional Provisions 
  • TDS and TCS in GST 
  • Compensation to States under GST 
  • Demands, Recovery, and Refund

Module 4:

  • Assessment and Audit 
  • Practical Session 
  • Appeals and Revision 
  • Advance Ruling 
  • Inspection, Search, Seizure, and Arrest 
  • Prosecution, Offences, and Penalties

Module 5:

  • Online Examination

 

Recommended Read: GST Certification Courses in Coimbatore

 

9. Taxguruedu

 

Another institute that offers GST certification courses in Trichy is Taxguruedu. Taxguruedu is a separate organization that offers online GST certification. The course is thirty hours long and is taught entirely online.

 

Below is the GST Course Content from Taxguruedu:

 

  • Levy & Collection
  • Definitions
  • Supply
  • Time of Supply
  • Place of Supply
  • Input Tax Credit
  • Tax Invoice
  • Debit / Credit
  • Registrations
  • Returns
  • Refunds
  • Payments
  • Rates Structure
  • Reverse Charge
  • Mechanism
  • Valuation
  • Exemptions
  • Rates Structure
  • Transitional issues
  • ISD
  • Job Worker
  • TDS/TCS
  • E-Commerce
  • SSI
  • GST Audit and Annual Return
  • Offenses
  • Penalties
  • Advance Ruling
  • Other Misc topics
  • Other Compliances

 

10. Henry Harvin

 

Henry Harvin is yet another institute that offers GST certification courses in Trichy. There are numerous compelling reasons to become a member of the Henry Harvin Institute. However, there are several reasons to enroll at Henry Harvin and some of them include 100% practical classes, critical study of GST law, and a faculty with twenty years of experience, among others. With over 18000 alumni, the Henry Harvin alumni network will assist students in receiving quick assistance from seniors and the institute.

 

Below is the GST Course Content in Henry Harvin:

 

Module 1:

  • Supply of levy, place of supply, the value of supply, export and import, E-way bills

Module 2:

  • Registrations, input tax credit & ITC04, transitional provision, job work

Module 3:

  • Account & records, invoice tax, payments, time of supply, returns, refunds

Module 4:

  • Litigation management, Audit & assessments, offenses and penalties, demand and recovery

Module 5:

Module 6:

  • Resume writing

 

Frequently asked questions

 

1. Is passing the GST certification exam difficult?

No, passing the exam to become a GST-certified professional is simple.

 

2. How long will it take to finish the courses?

If you’re taking online education, the course may take up to a month to complete. If it’s in offline mode, it could take up to a month and a half.

 

3. How can I judge the quality of the material that will be taught?

As a student, you have the option of requesting demo classes. During the demo session, you can evaluate the content.

 

Conclusion

 

In the recent, there has been an increase in the number of courses designed to make money once completed. Previously, in order to become a professional, one had to spend a significant amount of time on education in universities and colleges. But the short-term professional courses meet the students’ basic financial needs, after which they can pursue other degrees to advance their careers and make more money.

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