The GST stands for “Goods & Services Tax”, and is proposed to be a complete indirect tax on the manufacture, sale and use of goods and services at the national level.
On 8 September 2016, the Hon’ble President of India gave his assent to the GST
Amendment Bill to the Constitution. As it is proposed that GST be rolled out by 1 April 2017, it is
important to plan for the training of trade and other stakeholders. Given the scale of the task, it has
been decided to involve renowned training institutions and professional bodies in this process.
GST is up-to-date indirect tax reform in India. There was a framework shift in the Indirect Tax
Structure with the GST roll-out on 01 July 2017. The new GST in India, new compliance, and improvements
in operating business processes are very important to understand and assimilate.
Legalraasta has launched a GST Certification Course in order to assist practitioners and candidates with
ongoing changes and to make them GST experts. The objective of the training is to offer everyone
knowledge of the practical aspects of GST.
The National Academy of Customs Excise & Narcotics (NACEN) – the Government of India’s apex indirect tax
training institute – welcomes Expression of Interest (EOI) from educational institutions and
professional associations to provide GST training to the business sector, trade, and other stakeholders
as ‘Approved Training Training Partners’ (ATPs) under the’ GST Training Partners’ (ATPs) as part of the
Government of India’s trade awareness campaign.
The course aims to offer an idea about the tax on goods and services (GST). The course consists of ten units that cover different aspects of GST. GST is the largest indirect tax reform ever. The course is designed to enable the industry and small dealers to exercise their GST and timely reporting taxes on the benefits of the tax credit mechanism after successful completion of the course.
1. Institutes with a reputation for training and reputation that have experience in tax
and indirect tax development, will be eligible to apply for this program in order to provide training in
GST to business, trade, and other stakeholders.
2. The basic requirements for the selection of ATPs are fair charges and training infrastructure.
Training institutes/professional bodies in the public sector or associated industry associations with
existing training track records will be given preferences. Interested parties are invited to provide
information supporting current training activities, existing facilities, faculty personnel, proposed fee
structures, and so forth. The parties must explicitly state their ability to follow the fee ceiling that
the government/NACEN prescribes/approves.
Comprehension of GST (Goods and Services Tax) | What is meant by ‘Location of Supply’ in GST | What is meant by ‘Time of Supply’ | General GST Framework | GST Portal
GST Registration | Levy of Tax Exemption | Refund | Input Tax, Output Tax, and Credit Mechanism | GST Valuations | GST Payment | Input Tax Credit | Input Service Distributors | Input Tax Credit Matching | Input Tax Credit Matching | Input Tax Credit Matching
Advance Accounting Comprehension | Advance Entries | Audit Adjustment | Depreciation | Profit Screening | Cash Flow Statement | Ratio Analysis | Fixed Assets Register Comprehension | Company Final Accounts
GST is the latest modification to the Indian taxation system, providing financial professionals with plenty of opportunities both in practice and in jobs. A few of the advantages of GST education are listed below:
1. The EOIs shall be reviewed and those evaluated as the appropriate facility and capacity for such training shall be summarized by a Committee formed under NACEN. A presentation and consultation with the Commission may be requested before being chosen by the nominees.
2. The institutions should, upon selection, enter an MOU with NACEN to comply with the program requirements as stipulated and recommended.
With this GST Certification, you will learn a lot of micro-skills. We highlight the chief ones here that would help you to jump-
A comprehensive guide to the Goods and Service Tax legislation is the GST Practitioner
certification course. Legalraasta, in association with MSME, the Government of India, has launched the
Certification Course on GST Practitioners to impart practical aspects of Good and Service Tax (GST)
including registration, returns, and comprehensive accounting and recording of GST transactions.
Understanding and assimilating the new GST in India, new compliance, and the changes in operating
business processes are really important. To assist with the ongoing changes to professionals and
aspirants and to make them GST professionals. The aim of this course is to provide everyone with
knowledge of the practical aspects of GST.
LegalRaasta was founded on the principle that sophisticated legal and taxation services should be simple, modern, and inexpensive. We can serve our clients more efficiently thanks to cutting-edge practise technology.
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