How can you learn GST online for free?

If we are to gain a thorough insight into how the goods and services we purchase are taxed, we will need to understand the tax regime in detail. By understanding the prevalent tax structure and comparing it to the ones which were prevalent earlier, we will understand how the taxes add to the greater benefit of the Indian economy. The implementation of the Goods and Services Tax has proved to be a major game-changer for the Indian economy as it revolutionised the tax system. Even before we delve further let us take a clear look at what is GST. Goods and Services Tax (GST) is a form of indirect tax which replaced multifarious taxes that were levied earlier. GST is an indirect tax that was introduced to replace a host of other taxes such as Value Added Tax, Service Tax, Purchase Tax, and Excise Duty among others. It has been hailed as the single most greatest tax reform in the Indian economy. GST is very transparent in nature as it is available in a totally online format and if you so desire, you too can get a thorough knowledge by pursuing a relevant course. George Telegraph Institute of Accounts (GTIA) offers a GST course online which is extremely convenient for the candidates.

Details about GST

Goods and Services Tax (GST) is an indirect tax or consumption tax used in India on the supply of goods and services. It is a comprehensive tax for the reason that it has subsumed almost all the indirect taxes except a few state taxes. As it is multi-staged, the GST is imposed at every step in the production process but is meant to be refunded to all parties in the various stages of production other than the final consumer. GST is also a destination-based tax that is collected from point of consumption and not the point of origin as was the case with previous taxes.

GST has unified the Indian market by providing a common platform for taxation to be applicable on all sales and purchases. Thanks to GST, several Central and State taxes have been brought together and it has reduced the impact of the cascading effect or double taxation which used to happen when the tax was imposed at every stage of production. If you are interested to know about your advantage as a buyer, the biggest advantage has been in terms of a decline in the overall tax burden on goods.

GST Certification course

GTIA has designed a placement-assured short-term course of 2 months which would equip the students with the appropriate wisdom in this field. It would prove to be a good decision to have extensive knowledge of GST in order to file the tax correctly and not get weighed down under the pressure. George Telegraph Institute of Accounts (GTIA) is one of the most notable institutions in Kolkata offering a Certificate Course on GST which can be pursued by aspirants having minimum eligibility of class 12 pass or higher. The greatest advantage is that both graduates and professionals like Chartered Accountants, Company Secretaries, Certified Management Accountants, Cost, and Management Accountants, and students of law and business can opt to pursue this course. Candidates are taught various topics such as 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. The other lessons imparted are on Job Work, E-commerce, Transitional Provisions, Liabilities, Assessment & Audit, Advance Ruling, Appeals & Revision, Recovery, Inspection, Search, Seizure, and Offence & Penalties.

Final Words

On completing this course successfully, job aspirants will gain various job opportunities. There will be several advantages of gaining knowledge of this course. The positive effects include increased chances of a raise in salary, prospect to open one’s own tax consultancy firm, acquiring perceptive data regarding the expense structure, and developing advanced problem solving and accounting capabilities. A certificate course on GST is beneficial for you in myriad ways and GTIA offers the course in both offline and online modes. It is not a feasible option to do a GST course entirely free of cost yet you can choose the one offered by GTIA as it is a pocket-friendly alternative. Tally course online is another of the popular courses offered by this institute. Do not delay checking out the website of GTIA in order to know more about the GST Certification course offered by them.

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