As the Goods and Services Tax (GST) completes one year of its implementation, the financial sector of India lauds the successful transformation of indirect tax system. The massive adjustment process has been far smoother than expected and the multi-dimensional benefits of GST are now increasingly evident across the economy.
ProSkills Education, Udaipur is adhered to nurture strong foundation of knowledge and concepts in students for their success and provide excellent career opportunities in various courses including practical aspects of GST registration, returns and in-depth accounting and recording of transactions.
Priyesh Jain, founder and chief faculty at ProSkills discusses multiple aspects of their teaching methodology and how ProSkills is contributing towards strengthening employability. Here is an excerpt from the interview with Priyesh Jain.
Q1) How GST as a new tax structure system changed the economical face of India?
- 1 Q1) How GST as a new tax structure system changed the economical face of India?
- 2 Q2) How ProSkills is helping their students to understand the new taxation concept?
- 3 Q3) What are the courses that are offered by Proskills Education
- 4 Q4) How does diploma course vary from other two courses
- 5 Q5) what are the opportunities for students after doing this course?
- 6 Q6) How does it impact on new accountant?
- 7 Q7) What about job placement?
- 8 Q8) Any eligibility criteria for doing this course?
The GST is a dual tax and replaces 17 indirect taxes earlier imposed by the central and state governments. The former complex and convoluted tax structure is now replaced by a single rate applicable in the entire country, unifying the fragmented Indian market.
Q2) How ProSkills is helping their students to understand the new taxation concept?
ProSkills always step up towards quality education and focus on building career of students with practical aspects of GST including registration, returns and in-depth accounting and recording of transactions.
By pursuing our dedicated training and course, a candidate can work independently on return filling, taxation and statutory compliances. We are dedicated to make our students an employer’s first choice !
Q3) What are the courses that are offered by Proskills Education
ProSkills provides Diploma in Accounting and taxation, Certificate in accounting and GST, Certificate in Accounting course.
Q4) How does diploma course vary from other two courses
The program is aimed at-
To develop a knowledge and understanding the skill in Computer accounting.
To train the students in the process of ascertaining taxable income, Tax procedure & tax management.
To familiarize the students in tax accounting, Online tax software and tax collection methods and other Online procedures.
After doing this course we provide industrial training to students so that they can get more practical exposure in this field.
Q5) what are the opportunities for students after doing this course?
The GST is very ambitious in setting up job maximization and after its rollout, it is expected to create over one lakh immediate new employment opportunities, in specialized areas like taxation, accounting and data analysis. The businesses will need to have dedicated GST professionals for GST Management, Update and Reconciliation
Q6) How does it impact on new accountant?
With the GST implementation, new rules and amendments introduced in the taxation system. In the previous indirect tax regime, logistics, accounting, commercial or other relevant industries were taxed as per the multiplicity of the applicable taxes. Now, the system has been improved and everything is required to do in the bracket of GST subsuming all the previously applicable indirect taxes. Hence, it is important that the accounting professionals know the GST and new legal notions related to the present tax system. The accounting professional is now required to handle everything as per the new system and requirement of the client and unfollow the previously applicable rules of the previous system and adapt to the new. For newbies in the field, it is a good chance to learn and grow with the new system regardless of competition with experienced professionals of the field as the system is new for all.
Q7) What about job placement?
After completion of training our dedicated placement team arrange interview for students. Many of our students are working with renowned firms of Udaipur and in other cities also.
Q8) Any eligibility criteria for doing this course?
Yes , Candidate must be a minimum 10+2 / Equivalent of any Stream eligible for seeking admission in this course and the course is ideal for under graduate and post graduate students , Professional, working professionals, homemakers and self employed persons from commerce and non commerce stream.