Friday, August 3, 2018

Importance of Having GST Training

India is a culturally and demographically complex country. In fact, according to a survey conducted by the consulting and advisory firm Deloitte, India is the second most complex law jurisdiction only after China in the Asia Pacific. To add to the woes of the already existing upheavals on the laws front in the country, the Government of India finally introduced the Goods and Service Tax Act (GST Act) on the 1 st of July 2017. It is indeed acclaimed to be the most complex law enacted in India, definitely after the Criminal Laws in India!

This “complexity” issue is the main reason that even after a year after its introduction; it’s still turning people’s stomach to ice. Therefore, there is an immediate need to address the same by way of education of the important and relevant provisions of GST Act on a macro level rather than restricting it to the professional or industry level.

With the revolutionary change in the use of Internet and World Wide Web, the technology needs to be put to use for the purpose of education freely by the experts by way of online sharing of knowledge with the people in general. GST has touched upon the lives of each and every person in India in some way or the other which makes the introduction of online GST classes necessary more than ever.

Even in the GST regime, the Government of India is trying its best to make everything go online or electronic starting for the registration to the final refund process. There must be an alignment on the education domain too. When the times are changing so quickly and the reception towards taking lives and knowledge online is hugely acknowledged, the transition in the education field also needs to be made with agility. This will help people adapt to the challenges and complexities much more easily and efficiently.

It was Charles Darwin, who said that “It is not the strongest or the most intelligent who will survive, but those who can best manage change”. This holds true in this recent advent of GST too. The professionals, the experts and the industry need to adapt quickly to GST for which a comprehensive online GST online training is needed. This is because in the current times, no one has spare time to take offline classes or attend lectures personally to gain knowledge. It is the online medium that will help attain knowledge and stay updated on real time.

Although a lot of intellectual experts, tax consultants and professionals have come up with a lot of GST online course, but the reception to these has been considerable low due to the lack of awareness in the target audience or maybe the sheer inability to understand the GST Act from a more practical perspective. Therefore, it is incumbent upon the tutors and consultants to find and discover as many practical problems as they can and inculcate their respective solutions in the GST online course itself.

Both the Government of India (GOI) and the Institute of Chartered Accountant of India (ICAI) have been taking a lot of efforts to come up with various GST certification courses so as to instil the much needed knowledge on GST so as to enable a smooth transition process in GST implementation and in turn to nation building. The said courses are of a reasonable time and cost and the certificate by the GOI or the ICAI would help authenticate the knowledge acquired and may even help land good jobs. The only thing to be done is to actually attend those sessions and learn as much as the course offers about GST and its relevant provisions.

In fact, students pursuing financial and professional courses to the likes of Chartered Accountancy should see this as an opportunity to get the first mover advantage by educating themselves on real time updating the GST knowledge constantly by following the frequent notifications, press releases and bulletins issued by the GST Council with regard to the updating and correction in the GST Act. This will make sure that they are ready to advise and provide consultancy to the prospective clients and maybe even make a living out of it. Because how will all the experts make their living if the Laws were too easy and non-complex!

So, let it be resolved that everyone takes up an online GST course as and when one gets time. Not just for the sake of knowledge and certifications, but for opening up a possibility of testing deeper waters and better opportunities that GST will offer in the future for sure!

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