GST Practitioner Salary in India (2024)

Want to become a GST Practitioner in India? It’s a great career for those interested in taxation and accounting. GST Practitioners help taxpayers file their returns, provide consultancy services and help businesses remain GST compliant. As tax regulations and compliance becomes more important in India, demand for skilled GST Practitioners is on the rise.

As the profession grows so do the questions about GST Practitioner salary in India. What does a GST Practitioner earn, how does their salary grow with experience and what are the factors that affect these figures can be very useful for those who are considering this career. This blog will dive into the details of GST Practitioner salary in India 2024 and how it varies with experience, location and other factors.

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Who is a GST Practitioner?

GST Practitioner is a professional registered with Goods and Services Tax Network (GSTN) to serve taxpayers. They can do filing of GST returns on behalf of businesses, provide consultancy services on GST compliance. GST Practitioners can also apply for GST registration, handle refunds and represent their clients during GST audits.

As GST compliance becomes more complex, professionals in this field are in high demand. Hence qualified GST Practitioners are highly sought after especially by small and medium enterprises (SMEs) who don’t have in-house tax teams.

GST Practitioner’s educational qualification is as follows:

• Bachelor degree in commerce or equivalent.
• Degree from any foreign university recognized by any Indian university is equal to degree from any Indian university in commerce, law or banking including higher auditing or business management.
• Any additional qualification as required by the council and approved by government.

Requirements for GST Practitioner registration on GST Portal are as follows:

• PAN card is mandatory for the candidate.
• Candidate should have a mobile number.
• Email id is mandatory for the applicant.
• Professional address is required for the applicant.
• All necessary documents and information is required.

To become a GST Practitioner, candidate must meet the following criteria:

• Tax return preparer or sales tax practitioner registered for at least 5 years.
• Graduate or post graduate degree in commerce, law or business management from a recognized Indian or foreign university.
• Chartered accountant, cost accountant or company secretary with Certificate of Practice (COP).

A practitioner’s GST fee as a new comer ranges from 0.2 Lakhs to 5.0 Lakhs per annum. Thus GST fee increases rapidly as the applicant gets experience.

Overall 20% increase in compensation and mid-term incentives. Big Five have 12% increase. GST Practitioner training is good for GST salary.

Factors affecting GST Practitioner Salary

The salary of GST Practitioner is affected by:

1. Experience: Like any other profession, more experience a GST Practitioner has, higher is their earning potential. Entry level practitioners will earn less than those with several years of experience and established client base.
2. Location: The location where the practitioner operates plays a big role in determining salary. Practitioners based in metropolitan cities like Delhi, Mumbai or Bengaluru earn more than those in smaller towns due to higher demand and cost of living.
3. Clientele Size: A GST Practitioner’s client base directly impacts their income. Practitioners serving large number of clients or working with businesses that have complex GST requirements can charge higher fees.
4. Certification and Training: Practitioners who have completed advanced certifications in taxation, accounting or GST laws command higher salaries. Continuing education like GST course offered by Entri can enhance one’s skill set and increase earning potential.
5. Type of Employment: Some GST Practitioners work independently or as freelancers while others are employed by accounting firms or businesses. Freelancers can set their own rates but their income can fluctuate based on their client load. Employed practitioners get fixed salary with possible bonuses.

GST Practitioner Salary Range

GST Practitioner salary varies based on experience and location. Here’s a breakdown:

Entry Level Salary

An entry level GST Practitioner in India with 0-2 years of experience can expect to earn between INR 2.5 to 4 lakhs per annum. During this stage, they may work as interns or junior associates under senior tax professionals.

Mid Level and Experienced Practitioner

A mid level GST Practitioner with 3-7 years of experience can earn between INR 5 to 8 lakhs per annum based on their expertise and the type of clients they handle.

For experienced practitioners with more than 7 years of experience, the salary can go up significantly. Professionals with in-depth knowledge of GST laws, handling complex client requirements or working with large corporates can earn up to INR 12 lakhs or more per annum.

Salary Growth Over Time

Salary growth as a GST Practitioner is huge if one continues to get certifications and expand their client base. As GST framework keeps evolving, practitioners who stay updated with new amendments and tax policies will be in high demand.

Also, moving into roles like tax consultant, GST trainer or starting a GST consultancy can increase earning potential. Specializing in complex areas like GST litigation, compliance audits or business restructuring under GST laws can also add to the income.

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Conclusion

A career as a GST Practitioner is financially very rewarding especially in a country where tax laws and compliance requirements are only getting complex. With experience, certifications and a wide client base, GST Practitioner salary can multiply.

So, get on the right path, invest in the right training. Entri’s GST Course gives you practical knowledge and insights to succeed in this competitive space. As the demand for GST professionals is increasing, now is the time to get into this growing profession.

Whether you are starting or looking to move up in your career as a GST Practitioner, knowing the salary range and being equipped with the right skills will help you achieve your career goals.