How much can I potentially earn as a GST Consultant

The concept of Goods & Services Tax (GST) can be difficult to grasp for a layman. This is where a GST consultant plays an important role. A GST consultant is a tax professional who is seasoned with different tax laws and regulations. Furthermore, the professional has responsibilities to make additions to tax policies and to speed up the process of tax revisions. It is the job of a GST consultant to educate people without much knowledge about GST administration. It is a lucrative job with a notable salary range, ensuring a bright future.

If you’re interested in learning about tax regulations and policies, you can consider taking a certification course on GST. The course can help you understand the different topics covered in this segment. Thus helping you to either join a company or start your own consultancy.

This blog will help you find out how to become a GST consultant. Also, you will know the potential salary bracket that you can earn as a professional.

Responsibilities of a GST Consultant

With the approval of the government, a GST consultant can perform the following responsibilities:

• Requesting GST alterations or cancellations
• Request for a GST registration (new).
• Depositing a credit in the digital ledger system
• Assisting people with the GST return filing
• Making a claim or refund
• Compiling data on inbound/outbound supply

How to Become a GST Consultant?

To become a tax consultant, first and foremost, you need to have a thorough understanding of the topics related to Goods & Services Tax. For that, the best thing you can do is sign up for a certification course for GST from a good institute. Right after your Class XII exams, you can apply for this short-term course, where you will get to know about GST registration, GST return filing and more. However, just learning about the topics won’t suffice. To evaluate your understanding of GST, you need to take an exam. The application process for the exam is as follows:

• You need to visit the official website to access the online application form.
• Click on “Register Now”, and after a new page opens, select the new registration option.
• After you enter your state and district, there are some common credentials that you have to enter. These include Name, PAN Number, Email Address, Phone Number, etc.
• After that, a Captcha code will appear, re-enter the code and click on “Continue”.
• Next, the verification part will take place. You will receive an OTP on your registered phone number.
• As you enter the OTP, you will be sent a TRN code to the email address that you have provided.
• You have to enter the CAPTCHA and the TRN code. Another OTP will be sent to your phone number. Enter it, and you will be directed to the Save My Application page. Make changes if necessary, and a new page will appear asking for some details like Institute Name, Year of Passing, Name of the Degree, and more. Save this information.
• In the following part, you have to enter your residential address with the PIN Code. Also, you have to submit residential proof of your choice.
• Upload the document and save.

Finally, you will be directed to the verification page. Check the verification statement and choose the format of the document. Now, press the “I Agree” button. Again, you will get an OTP, and after you enter it, you will get an acknowledgement mail. The application reference number will be attached to the mail after you finally submit the online application form.

What is the Potential Salary of a GST Consultant?

In India, the potential salary of a GST consultant or practitioner is in the range between INR 1 Lakh and INR 10 Lakhs. The average salary that a GST consultant gets will be around INR 5.5 Lakhs.

What are the Services that a GST Consultant Provides?

A GST consultant offers a myriad of services. These are as follows:

• Evaluating GST notifications.
• Generating receipts and putting cash in the electronic ledger system.
• Completing CMP-08, GSTR-3B, ITC-04, GSTR 1 and other ITC and tax return forms.
• Completing GSTR 4 and GSTR 9 returns.
• Preparing for the opt-in/opt-out composition that is levied.
• Examining credit ledgers, liabilities, and electronic currency.

George Telegraph Institute of Accounts: Where Future GST Consultants are Shaped

Before taking the GSTP or GST Practitioner Exam, you must be well-versed in the GST rules and regulations. To get a grasp on GST in the current scenario, you can look up GST courses in Kolkata. George Telegraph Institute of Accounts is a hub for future accountants, CAs, and GST consultants. We offer a 2-month certification course on GST, which covers all the aspects of the concept. After your class 12 exam, you can enroll in this course. At GTIA, you will be offered:

• Certification Courses and Job Guarantee: We at GTIA, ensure that budding professionals have a smooth path to begin their career. Thus, we provide certification courses and ensure our participants are successfully placed. The courses include the GST course, Tally Prime and a Diploma in Executive Business Management.
• Experienced Board of Advisers: At GTIA, our Advisory Board consists of experienced professionals from the relevant field. There are Company Secretaries, Business Administrators, Financial Analysts and others who can counsel students in choosing a definite career.
• Placement Opportunities: With our job-guaranteed courses, you may secure a placement with our top partners like Axis Bank, Wipro, Tata, Pepsi and more.

Conclusion

The profession of GST consultant is promising. To get certified as a GST consultant, you need to register and take the practitioner exam. Once you pass the exam, you become a GST consultant. However, before taking the exam, you need to have a comprehensive understanding of the course. For that, you can enroll on a GST certification programme.

FAQs

Q1. Is it necessary to take the GST practitioner exam to become a GST consultant?

If you want to be a professional GST consultant, you need to take the practitioner exam.

Q2. How much can I earn as a GST consultant?

You can earn between the bracket of INR 1 Lakh and INR 10 Lakhs as a GST Consultant.

Q3. Where can I sign up for a GST certification course?

You can sign up for a GST certification course from the George Telegraph Institute of Accounts (GTIA).