Training On GST Skill

To be a GST Accountant, a new scope has opened as the Government of India has launched a new training program for the educated youth.

With implementation of Goods and Services Tax (GST) in the country, there is an acute shortage of skilled talent and shortage of accountants is felt badly.

In Odisha such shortage is acute and business establishments are facing lot of hardships due to absence of trained manpower in GST.

Accordingly in order to overcome such shortages, Ministry of Corporate Affairs (MoCA) has decided to launch “GST Accountant Assistant Scheme”.

Injeti Srinivas, Secretary Corporate Affairs has informed the State Government in this regard.

Mr.Srinivas said that in association with The Institute of Chartered Accountants of India (ICAI) and The Institute of Cost Accountants of India (ICoAI), the MoCA will organize such a program.

This will open lot of scope for large number of youth to get job opportunities in professional firms, companies and other business establishments.

As GST is a new law and not many are aware of its implications, professionals are still undergoing training on GST and updating their knowledge on it.

This shortage will persist for several months and accordingly, MoCA has come out with a scheme that would help a large number of youth and they will be trained in GST Accounting.

It will enable professional firms, companies, business entities to rope in trained professionals for better GST Compliance, said Mr.Srinivas.

It is expected that over a hundred thousand youth would be trained in the first phase, who would be readily employable.

GST Commissionerate working in the State will make necessary arrangements of 50 Hours On-The-Job Training to these youth.

Branches and Chapters of ICAI and ICoAI have been instructed to get in touch with GST Commissionerate in this regard.

In Odisha, State Government has asked the officials of Department of Finance and Skill Development to coordinate such an initiative, which will not only help the youth but also the business organizations, MSME Sector, which are facing tough time due to this new law.

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