GST Practitioner – The new job in Town

GST Practitioner – The new job in Town

With the implementation of GST, the demand for people who have expert knowledge of GST has risen sharply. This has led to creation of a new job – GST Practitioner. Does this excite you? Or do you plan to be one? Sure, go ahead. But make sure you read this article before you proceed.

My dear sharp minded practitioners,

GST era has brought in propitious signs for many... and... grafting looks to be attenuating...

One of the jobs, that is blooming is that of GST practitioner...

I agree that you are drop-dead gorgeous and nobody's patsy...but...

Following are some key points that you must keep in mind while choosing a GST practitioner or becoming one by yourself –

·       GST practitioner is a person who is authorised by a registered taxpayer to furnish information, on his behalf, to the government.

·       So GSTP is like an agent of a registered person who provides taxpayers info to the govt.

·       The authorisation of a person to act as an approved GSTP is contained in the section 48 of CGST Act.

·       Persons who want to be enrolled as GST Practitioner should submit an application in forms GST PCT-1 to GST PCT- 5.

·       If a GSTP is enrolled in any State or Union Territory, then ne need not take up enrolment in other state or UT. He will be deemed to be enrolled in the other States/Union territories.

·       The enrolment once done remains valid till it is cancelled.

·       But to remain enrolled, a person has to pass such examination conducted at such periods and by such authority as may be notified by the Commissioner on the recommendations of the Council.

·       This is done to make sure only competent persons are enrolled as GST practitioners.

The GSTP can –

·       furnish details of outward and inward supplies

·       furnish monthly, quarterly, annual or final return

·       make deposit for credit into the electronic cash ledger

·       file a claim for refund and

·       file an application for amendment or cancellation of registration.

on behalf of a registered person.

·       Further, a GST practitioner can also appear as authorised representative before any officer of department, Appellate Authority or Appellate Tribunal, on behalf of such a registered person.

·       Any statement furnished by the GST practitioner shall be made available to the registered person on the GST Common Portal.

·       For every statement furnished by the GST practitioner, a confirmation shall be sought from the registered person over email or SMS.