To enrol to become a GST practitioner is not a hard task but one should have the complete knowledge of required eligibility, major conditions and registration process on the GSTN portal.
It is an opportunity to be seized by the unemployed and a chance to earn money and on the other hand, it also facilitates in providing low-cost filing to a small businessman from nearby locations.
Who is a GST practitioner?
GST Practitioner or a GST consultant by whatever name called is a government-appointed tax professional who can prepare returns and perform other activities on the basis of the information furnished to him by taxpayers and business firms and also act on their behalf as a legal representative in all taxation related proceedings.
GST Practitioner eligibility criteria :
Anyone who wants to become a GST practitioner has to satisfy the following basic eligibility criteria as well as educational or work experience criteria:
Basic eligibility criteria:
A person who:-
a. is a Citizen of India;
b. is a person of sound mind;
c. is not adjudicated as insolvent;
d. has not been convicted by a competent court;
e. for an offence with imprisonment not less than two years.
Education or work experience criteria:
To satisfy any one of the following conditions:
a. He Should be a retired officer of the Commercial Tax Department of any State Government or of the Central Board of Excise and Customs, having worked in a post not lower in rank than of a Group-B gazetted officer, for a period not less than two years, (or)
b. He has passed a graduate or postgraduate degree or its equivalent examination, having a degree in Commerce, Law, Banking including Higher Auditing, or Business Administration or Business Management from any Indian University established by any law for the time being in force (or)
c. He has passed a degree examination of any Foreign University recognized by any Indian University as equivalent to the degree examination mentioned above (or)
d. He has passed any other examination notified by the Government for this purpose (or)
e. He has passed any degree examination of an Indian University or of any Foreign University recognized by any Indian University as the equivalent of the degree examination, and has also passed any of the following examinations-
1. Chartered accountant final examination consisting of two groups of the Institute of Chartered Accountants of India or
2. Examination of the Institute of Cost and Works Accountants or
3. Examination of the Institute of Company Secretaries of India
Summary of GST Practitioner form in GST and its purposes:
A.Goods and Service Tax PCT – 01: It is a communication made by a registrant who wishes to register as a GST Practitioner on the Goods and Service Tax Portal, for making an application for registering as GST Practitioner on GST portal.
B. Goods and Service Tax PCT – 02: It is a communication initiated from the issuing authority to the registrant, certifying that he or she is eligible to act as registered GST Practitioner from the appointed date.
C. Goods and Service Tax PCT-05: It is a communication made from GST department to taxpayers on the GST portal, publishing the list of approved GST Practitioner’s on the GST portal
D. Goods and Service Tax PCT-06: It is a communication forwarded by taxpayers on the GST portal, expressing that the GST consultant would act on behalf of a firm or company in taxation related matters and proceedings.
E. Goods and Service Tax PCT-07: It is a communication processed by taxpayers on GST portal, intimating their decision of withdrawal of the services of GST Practitioner or the authorization granted at the time of appointing the GSTP’s.
|Goods and Service Tax PCT – 06|
|Goods and Service Tax PCT -07|
GST Practitioner responsibilities:
The functions of the GST Practitioners on behalf of the registered persons can be listed as below-
a. To furnish the details of outward supplies;
b. To furnish the details of inward supplied;
c. To furnish returns;
d. To furnish annual return;
e. To furnish final return;
f. To make the deposit for credit into the electronic cash ledger;
g. To file a claim for refund; and
h. To file an application for amendment or cancellation of registration.
How to become a GST Practitioner:
Stage 1: Take up the exams scheduled for 31st October 2018 conducted by National Academy of Customs Indirect Taxes and Narcotics.
Registration date: Started from 25th of September 2018
Syllabus: CGST Act & Rules 2017 ; IGST Act & Rules 2017; SGST Act 2017; UTGST Act & Rules 2017 ; GST (Compensation to States) Act, 2017; All SGST Rules 2017; Notifications, Circulars and Orders Issued from Time to Time.
Application fee: A registration fee of Rs. 500 is payable by the candidate for the exam.
a. Passing the written examination with a qualifying score of 100 against the total score of 200
b. Visit the GST portal and fill GST PCT-01 Form with all the details required to be furnished and wait for the communication from the department.
c. After approval from the department, the GST consultant will be given a certificate in GST PCT-02 recognizing the GST Practitioner as registered on the GST portal.
d. And also his name will be out across the portal as approved GST Practitioner with whom taxpayers can interact with for availing his services
The support provided to clients with respect to GST related activities today is undoubtedly the most venerated job. It is certainly a valuable addition to the clients. Undoubtedly the profession has a long way to go towards the journey that GST would take off.
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