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Unlike Income Tax, GST is a scattered law. GST is spread across multiple act, rules and notifications. Some of the provisions enacted through law have been deferred or put on hold through notifications and some of the provisions have been enacted but are waiting to become effective yet. The practice in GST is relatively tough because of its complex and scattered nature. Therefore if you are aspiring to become a GST expert, then you need to have time and patience. Below are some basic rules, you may follow to learn GST.

Rule 1) Learn to learn daily –

No one knows everything but you can increase your knowledge daily and become a better version of you. Learn to learn on daily basis. Below is the best example to understand the power of daily practice and a little addition in your knowledge.

1.01³⁶⁵   =   37.78

0.99³⁶⁵    =   00.03

The above example shows the difference that if you do a little extra effort of 1% on daily basis then after 1 year (i.e. 365 days), result will be 1,000 times higher in comparison to the others who are not putting that extra effort. Therefore, you should make a habit to learn GST on daily basis.

Rule 2) Learn to read bare law –

A professional must be proficient in reading and understanding the language written in the bare law. Bare law is like the Bible, Geeta and Quran for tax professionals. You should know what and how a provision is written in the bare law, rather than just knowing its final and simple interpretation. An interpretation of law in simple words is good for common people, not for tax professionals. Start making your own notes based on the legal provisions from bare law. TaxReply provides you complete bank of GST law, wherein you can develope your personal library using our 'save favorites' feature.

Rule 3) Reduce your dependency on Google.

The more you depend on Google for search, the more you lose your power to remember sections, rules and notification numbers. A professional must know, which section or rule to dig in, for the relevant portion of legal provision.

Rule 4) Do not jump to become an expert.

You should start with basic sections and rules, which you can actualy use in your intial practice, such as -

1. Charging Section.
2. Sections and Rules for common returns and forms.
3. Time and Place of supply Rules.
4. E-way Bill Rules
5. Invoicing Rules
6. Due dates for filing common returns and payment of taxes.
7. Registration Rules.
8. Types of GST and set-off rules etc.

Do not jump to rules related to prosecution, appeal, inspection, search and seizure, advance ruling etc. Keep it for next level. In initial practice, these rules are not going to be used by most of the professionals.

Example

This can be understood with an example of doctor.

A doctor practicing in your nearby clinic gets average cases of fever, cold, cough, body pain, common infections etc. He will not be getting cases of cancer, tumor or heart surgery. Similarly, you should first put your hands on basic sections and rules (as described above) which you can put to use in your daily practice. And once you become proficient in basic law and then get your hands on advanced law.

 

I hope the above information could help some of the aspiring GST Professionals. If you have any question or feedback in this regard, please feel free to write in the comment box.

Thank you!

Author - Mohit Jain

The Author is FCA with 10+ years experience and founder of TaxReply. The Author has experience of handling GST compliances of multiple countries including India.

 

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Replied to Divya

Please elaborate... which details you are asking for.

It,s Very Used full Information.

Realy wonderful examples,the way u xplain how 2get a start.realy impresd.

Very inspirational suggestion in brevity.

Examples are mind blowing. 1% extra effort during a year resulted 1000 times never thought up. Hats off.

Useful and practical.I am wrting a book on GST.

I strongly agree with the strategy recommended in this article to excel in the field of GST. The power of learning on daily basis is beautifully explained in this article. Keep posting more such articles.

Great example given sir. Really made me think twice.

Thanks for Your Guidance 🙏👍

Your guidance is very much helpful.

Well said 🎖️

Sir,
Is it necessary to get e-book (GST Act & Rules 2017) if I am already subscriber of your GST Library? Please differentiate if necessary.

With regards,
K.Phani Raju

Thanks for guidance of Hands on GST.

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