GST Practitioner Benefits, Eligibility & Qualification
Who
is a GST Practitioner?
GST
Practitioner is a tax professional who can prepare returns and perform other
activities on the basis of the information furnished to him by a taxable person.
GST
Practitioner Meaning
As
per Section 2(55) of CGST Act “goods and services tax practitioner” means
any person who has been approved under Section 48 to act as such practitioner.
Benefits
of being a GST Practitioner:
Below are mentioned GST
Practitioner Benefits. Once certified, a GST Practitioners can perform below
mentioned activities on GSTN Portal-
• They can view
complete list of taxpayers who are engaged in your account.
• They can furnish
details of inward and outward supplies.
• They can furnish the
monthly, quarterly, and annual return on behalf his taxpayer client.
• They can make a
deposit for credit into the electronic cash ledger.
• They can file an
application for his claim for refund.
• They can even file an
application for amendments or cancellation of his registration.
• They are also enabled
to make changes in the profile of his taxpayer client like place of his
business, his contact details, his other business information. However, a GST
practitioner can only save such information and cannot submit it. He must tell
his client to submit the information as he has furnished it.
• They can also help his
client to generate an e-waybill for various movement of his goods.
• They are also able to
help his client in issuance of tax invoices, delivery challan, a procedure for
GST registration, cancellation, and any GST Updates.
• They are enabled to
accept or reject the application as a consultant from fellow taxpayer.
GST
Practitioner Eligibility:
As per Rule 24 and 25
of Return Rules, have defined complete set of rules for eligibility conditions
for GST practitioner qualification, his duties and obligations, and manner of
his removal and other conditions of his functioning.
Prime criteria of
eligibility for a GST Practitioner Qualification is as below-
• Primarily, They Should
be a citizen of India.
• They should possess a
sound mind.
• They should be an
individual who is not adjudged as insolvent.
• They should not have
been convicted at any time by a competent court for any offense which may have
resulted into his imprisonment for more than two years of period.
Other
GST Practitioner qualification requirements are-
They should be a
graduate or post graduate or must possess an equivalent degree in commerce,
law, banking, business administration, business management for any recognized
Indian University which is approved by law.
Or
They should possess an
equivalent degree from a foreign university which is recognized by an Indian
University.
They should also
possess a clearance through an examination that have been conducted by the
government of India through a recommended council.
They should also
possess a degree from an Indian University or a Foreign University which is
equivalent to degree examination, which may include one of below examinations-
1. Finals of Institute
of Chartered Accountants of India
2. Finals of Institute
of Cost Accountants of India
3. Finals of Institute
of Company Secretaries of India.
A person who is
eligible as per above mentioned criteria, then can submit an application for
GST Practitioner exam registration by filling form GST PCT - 01 through GST
Common Portal for GST Practitioner exam 2019.
You want to make your career in GST then you may register into IIGST’s
course to get complete theoretical and practical understanding of the law.
IIGST provide recorded and live classes to student and help you to become GST
Practitioner.
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