Coaching centres are bubbling up at almost every corner of a street, providing regular courses, weekend courses and crash courses. These centres provide courses of which people might never have heard of. As GST was introduced to the country, businessmen and even the common people lost track of how the taxation worked. In order to help with this, coaching centres have begun to provide crash courses on GST!
According to a report in Hindustan Times, many coaching centres have started to schedule their timings to accommodate young and old who wish to enrol themselves to GST courses.
“About 500 people have already taken our course,” said Kounal Gupta founder of Henry Harvin- a Delhi based coaching centre that provides GST courses . “Chartered accountants are not the only ones who approach us. We have traders, lawyers, engineers, doctors…”
The eight-hour GST Master Class, would cost Rs 3,000, which also includes intensive training in the finer nuances of the new tax regime. The “students” are also given a 700 page study material to deeply understand the intricate taxation.
“Our classes are very interactive. We encourage people to pose queries if there is any confusion,” said Gupta.
After GST introduction has created a hype among the people, many private institutions and individuals have began to provide certificate courses on the same. Distant education as well as face-to-face interactive sessions can be opted depending upon the interest and comfortability.
The fees for these courses come up to anywhere between Rs 3,000 and Rs 6,000. Bimal Jain, a Delhi-based chartered accountant, visits a studio at Aldine – an educational institute in east Delhi – to offer ‘Live GST lessons’ on weekends.
Gupta claims to have taught 10,000 people so far after the introduction of GST. The need of people to understand the complicated taxation urged businessmen to spring up with this idea of an educational option. “Many businessmen enroll in GST courses run by private institutes because charted accountants understand them better than government officials entrusted with the task of training them,” said Jain to HT, a Delhi based chartered accountant who offers to teach ‘GST lessons’ on weekends..
However, VG Learning Destination’s director Vinod Gupta said 7,000 people took their 36-hour GST Made Simple course, only 60% managed to clear it. Apart from the classes, the educational market has seen a tremendous increase in the number of books relating to GSt and its components.
But experts believe, despite the classes and the books, the concept of GST will remain vague to the people for the next two to three years unless and until they have the practical experience of the tax regime that the government has executed.