Eligibility Criteria to Apply for GST Practitioner

By Registrationwala

9th June 2017

 

India’s biggest tax reform, Goods & Service Tax (GST) is on its way and set to hit the market from July 1st. There is a speculation that the new tax regime would help India achieve 9% growth rate. With clear way forward is described by the Finance Ministry, the Government is on right track to achieve targeted GST implementation effective 1st July 2017. There would be four GST Bills :-
  • Central GST (CGST)
  • Integrated GST (IGST)
  • Union Territory GST (UTGST)
  • Bill to the Compensate States
For businesses, the GST tax system comes with several challenges that need to be managed in an effective way and the answer is a GST Practitioner. Such a professional is more like General Tax and Accounting professionals who are appointed to file returns on behalf of taxable firms and individuals. At present, the role is played by Chartered Accountants (CAs), Sales Tax Practitioners (STPs) and advocates.
 
The whole objective of a GST Practitioner is to set up a link between the tax authority and taxpayer and make the process transparent and effective. 
 
An individual can be a GST Practitioner if he is:
  • A resident of India
  • Has sound presence of mind
  • Has not been declared insolvent
  • Has not booked under any offence that involved imprisonment of more than two years
  • Qualifies the educational and work criteria mentioned below - 
  1. The person should be a retired officer of the Commercial Tax Department of any State Government or of the Central Board of Excise and Customs. Besides this, he should have acquired a post not lower in rank than of a Group-B gazetted officer, for the tenure of not less than two years.
  2. He has successfully procured - a graduate or postgraduate degree or its equivalent examination, getting 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.
  3. A degree examination of any Foreign University recognised by any Indian University as equivalent to the degree examination mentioned above
  4. Any other examination reported by the Government in this domain
  5. Any degree examination of an Indian University or of any Foreign University accepted by any Indian University as an equivalent of the degree examination, and has also passed any of the following examinations -
  • Final examination of the Institute of Chartered Accountants of India OR
  • Final examination of the Institute of Cost Accountants of India OR
  • Final examination of the Institute of Company Secretaries of India
 

 

 

Eligibility Criteria to Apply for GST Practitioner

2017-06-09