GST Career Options
GST has opened numerous job opportunities for accounting and financial professionals. Most companies use GST to handle their financial section. GST gives an option to lower taxes by utilization of a composition scheme. So, knowledge of GST is very important for accountants and financial professionals to ace their profession. GST is a new law that is easy to learn.
Graduates, CAs, Company Secretaries, Financial, Tax professionals, and individuals interested in choosing a career in accounting and financial sectors do the GST certification course. It increases career opportunities and higher-paying jobs in various verticals. A GST certification adds a competitive advantage to the resumes of both accounting and finance professionals. Some of the required skills to make a career in GST are Knowledge of GST law and the GSTN portal, Analytical skills, Basic knowledge of Excel and Word, industry knowledge, and more. Now let us check possible career options for a candidate with a GST certification.
TOP GST CAREER OPTIONS
Taxation Manager
The main responsibility of a taxation manager is to deliver a full range of tax services in compliance with laws and regulations within a given time. The required skills to be a taxation manager are compliance under GST, working on the GST portal, drafting skills and good knowledge of MS Word and Excel.
Tax Research Analyst
The main responsibility of a Tax Research Analyst includes the preparation and filing of tax returns, gathering necessary client documents, preparing the correct return document and more. The skills required for a tax research analyst are clear knowledge of all provisions of GST, industry based analysis and practical implementation.
Reconciliations Specialist
The main responsibility of a reconciliation specialist is to examine accounting records, review them with banking documentation and report any discrepancies in reports. Reconciliations is needed by any taxpayers in GST.
GST Compliance Practice
Complying with the GST rules is important for every organisation. Most of the organisation appoint candidates who can handle GST compliance. GST compliance score is calculated based on parameters such as timely filing of monthly and annual returns, furnishing details of input credits etc…. The skill required for GST compliance is software handling for bulk filing and sale skills.
GST Consultant
A GST consultant can offer services to the payers. But before starting practice he or she should be registered with the GSTN portal and have certification. A GST consultant is a certified officer approved by the state or central government. The main responsibility of a GST consultant is to file applications for new registration, apply to claim or refund, handle GST returns and more.
GST Legal Practice
GST is a new law so, most of the common people are not familiar with its rules and regulations. This resulted in litigation between the taxpayers and the department. In this case, the role of a litigation professional is very important. They need to protect the interest of taxpayers within the limit of the law. The required skills for a GST legal practice are strong representation skills, drafting skills and knowledge of litigation trends.
GST Practitioner
GST law allows a GST practitioner to perform certain functions for the taxpayers. To be a GST practitioner you need to qualify for an exam conducted by the NACIN.
GST Department
Many job opportunities are now available for GST professionals in the GST department managed by the government after the introduction of the new tax system.
GST Trainer
GST is in the syllabus of most universities. Also professionals take GST training to ace their profession. There are numerous institutes providing training to GST. GST professionals can try GST training and teaching.
Even though GST is an accounting topic that can be easily learned by anyone. But it seems to be complicated because of the frequent changes in law, multiple policy reforms, the dual structure of tax etc. So, proper training and guidance is required for GST certification. Theoretical knowledge of GST won’t be enough to be in a career. So you should also enable to handle practical scenarios. If you want to be a GST certified accountant, find the right instructor who can provide both theoretical and practical experiences.
Finprov aim to help you through the process and support you to achieve your goal to be an accounting professional. Through this learning experience, we aim to build the accounting professionals of tomorrow. GST courses provided by Finprov are Basic of GST (English and Malayalam) and GST Return Filing. These GST courses make learners familiar with GST concepts such as GST laws, applicability of GST, GST returns and more.