GST - Genesis and imposition!

This course is part of PwC GST Taxation Executive Professional Certificate

Instructor: Tax Academy

8,956 already enrolled

Included with Coursera Plus

Learn more

4 modules

Gain insight into a topic and learn the fundamentals.

4.5

(66 reviews)

Beginner level

Recommended experience

13 hours to complete

3 weeks at 4 hours a week

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

4.5

(66 reviews)

Beginner level

Recommended experience

13 hours to complete

3 weeks at 4 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Explain the genesis of GST, the need for its introduction and the Constitutional and legal framework under which it was introduced.
Identify and describe different forms of supplies of goods and services, deemed supplies and transactions excluded from the scope of supply.
Differentiate various types of supplies and identify whether a supply is inter-State or intra-State, exempt or composite supply.
Critically analyse whether a given transaction is a supply and define the nature of supply.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

5 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

logos of Petrobras, TATA, Danone, Capgemini, P&G and L'Oreal

Build your Finance expertise

This course is part of the PwC GST Taxation Executive Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate from PwC India

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

There are 4 modules in this course

This is the first course in PwC GST Taxation Executive Professional Certificate. This is a good place to start if you want to become a GST professional in India.

In this course, you will first learn about the genesis of GST, the need for its introduction, and the Constitutional and legal framework under which it was introduced. You will then learn the concept of ‘supply’ under GST along with its related definitions and concepts. This course provides a platform for learners planning to launch their careers in tax or sharpen their skills with the technical understanding of the GST law in India. The course is a part of the PwC GST Taxation Executive Professional Certificate which is industry agnostic and relevant for anyone looking to acquire basic knowledge of GST. It will provide you with the skills required for entry level jobs in the fields of finance, tax, or law. By the end of this course, you will: - Know the shortcomings of the earlier indirect tax regime and why GST was introduced - Know the basic framework of GST in India and the changes brought in the Indian Constitution for introducing GST - Understand the concept of supply under GST and related definitions like goods, services, and consideration - Understand which goods and services are included or excluded from GST - Understand the various types of supplies (viz. inter-State, intra-State, exempt, non-GST, composite, and mixed supplies), and how they impact the computation of GST.

What is the genesis of GST in India? In this module, you will learn about the pre-GST indirect tax framework and the associated challenges faced by businesses leading to the introduction of GST in India. We shall then examine the framework of GST from a Constitutional and legislative perspective. This module will provide you with the background required to focus on the concepts and structures under the GST, which we will discuss in the subsequent courses.

What's included

12 videos12 readings1 assignment1 discussion prompt

12 videosTotal 60 minutes

Welcome to GST Taxation Executive Professional Certificate1 minutePreview module
Introduction to the course: GST - Genesis and imposition!1 minute
Introduction to the module: Framework of GST2 minutes
Pre-GST regime: Constitutional backdrop3 minutes
Pre-GST regime: Framework of taxes9 minutes
The advent of GST: An introduction9 minutes
The advent of GST: Implementation10 minutes
Dual tax model4 minutes
Utilisation of input tax credit6 minutes
A few key concepts8 minutes
Global perspective – a comparison1 minute
Key takeaways3 minutes

12 readingsTotal 177 minutes

Program description and course syllabus10 minutes
GST in India15 minutes
Role of a GST professional10 minutes
Helpful tips to get started5 minutes
Constitutional Framework: Pre-GST10 minutes
Historical framework of indirect taxes and its challenges10 minutes
Formation of the GST Council20 minutes
Benefits of GST and taxes subsumed 60 minutes
CBIC FAQ on dual GST model10 minutes
Order of utilisation of input tax credit10 minutes
CBIC extracts explaining key concepts15 minutes
International perspective on GST2 minutes

1 assignmentTotal 15 minutes

Graded assessment: Framework of GST15 minutes

1 discussion promptTotal 2 minutes

Meet and Greet2 minutes

GST, as you are aware, is levied on the ‘supply’ of goods and services. The three key terms are ‘supply’, ‘goods’ and ‘services’. The entire structure of GST revolves around these three terms. In this module, you will learn about the concept of supply as it is defined in the GST law. The term ‘supply’ has various elements, such as sale, barter and exchange, each of which will be analysed. The key definitions that are critical to determine the applicability of GST will also be covered.You will also explore different concepts under GST such as inter-State and intra-State supplies, exempt and non-GST supplies, and composite and mixed supplies. At the end, you should be able to identify a transaction or activity and determine whether the transaction qualifies as a ‘supply’ under GST.

What's included

7 videos11 readings1 assignment8 discussion prompts

7 videosTotal 40 minutes

Introduction to the module2 minutesPreview module
What is supply?4 minutes
Decoding the terms ‘goods’ and ‘services’8 minutes
Forms of supply?6 minutes
What is consideration?9 minutes
What is business?6 minutes
Import of services3 minutes

11 readingsTotal 64 minutes

Definition of supply and its coverage15 minutes
Legal provisions - definition of 'goods and 'services'5 minutes
Advance ruling - M/s Krishna Institute of Medical Sciences Limited5 minutes
GST on lottery as 'actionable claim'10 minutes
Definition of different forms of supply5 minutes
Definition of consideration5 minutes
AAR - M/s. Kothari Sugars and Chemicals Limited5 minutes
Definition of business3 minutes
AAR - M/s. National Institute of Bank Management5 minutes
Legal provisions - Import of services1 minute
AAR - M/s. The World Economic Forum, India LO5 minutes

1 assignmentTotal 15 minutes

Graded assessment: Decoding the concept of supply - Part 115 minutes

8 discussion promptsTotal 55 minutes

Check if these constitute supply10 minutes
Applicability of GST on derivative transactions5 minutes
GST on related party transactions5 minutes
GST on loan sanction fee payment5 minutes
GST on high seas sales5 minutes
GST on land transfer charges5 minutes
Check if these constitute supply10 minutes
Test your knowledge - Import of services10 minutes

GST, as you are aware, is levied on the ‘supply’ of goods and services. The three key terms are ‘supply’, ‘goods’ and ‘services’. The entire structure of GST revolves around these three terms. In this module, you will learn about the concept of supply as it is defined in the GST law. The term ‘supply’ has various elements, such as sale, barter and exchange, each of which will be analysed. The key definitions that are critical to determine the applicability of GST will also be covered. You will also explore different concepts under GST such as inter-State and intra-State supplies, exempt and non-GST supplies, and composite and mixed supplies. At the end, you should be able to identify a transaction or activity and determine whether the transaction qualifies as a ‘supply’ under GST.

What's included

8 videos14 readings1 assignment

8 videosTotal 69 minutes

Transactions treated as a supply even if made without a consideration – Part 111 minutesPreview module
Transactions treated as a supply even if made without a consideration – Part 25 minutes
Transactions deemed to be treated as supply of goods or supply of services – Part 19 minutes
Transactions deemed to be treated as supply of goods or supply of services – Part 210 minutes
Transactions deemed to be treated as supply of goods or supply of services – Part 39 minutes
Transactions excluded from the scope of supply – Part 110 minutes
Transactions excluded from the scope of supply – Part 26 minutes
Illustration5 minutes

14 readingsTotal 87 minutes

Legal provisions - Transactions treated as supply even if made without consideration 15 minutes
AAR - M/s. Rajashri Foods Pvt. Ltd. 5 minutes
Applicability of GST on gifts2 minutes
CBIC Clarification: Principal agent relationship10 minutes
Legal provisions - Transactions deemed to be treated as supply of goods or supply of services10 minutes
AAR - Cosmic Ferro Alloys Limited5 minutes
Legal provisions - Transactions deemed to be treated as supply of goods or supply of services0 minutes
Forfeiture of earnest money deposit and liquidated damages10 minutes
AAR - Airports Authority of India10 minutes
Legal provisions - Transactions excluded from the scope of supply5 minutes
AAR - M/S. Kothari Sugars and Chemicals Limited5 minutes
GST on consideration paid to directors5 minutes
Case laws covered in the video (optional)0 minutes
Mechanics of charging IGST on goods supplied from CBW5 minutes

1 assignmentTotal 30 minutes

Graded assessment: Decoding the concept of supply - Part 230 minutes

GST, as you are aware, is levied on the ‘supply’ of goods and services. The three key terms are ‘supply’, ‘goods’ and ‘services’. The entire structure of GST revolves around these three terms. In this module, you will learn about the concept of supply as it is defined in the GST law. The term ‘supply’ has various elements, such as sale, barter and exchange, each of which will be analysed. The key definitions that are critical to determine the applicability of GST will also be covered. You will also explore different concepts under GST such as inter-State and intra-State supplies, exempt and non-GST supplies, and composite and mixed supplies. At the end, you should be able to identify a transaction or activity and determine whether the transaction qualifies as a ‘supply’ under GST.

What's included

6 videos11 readings2 assignments

6 videosTotal 49 minutes

Concept of inter-State and intra-State supplies9 minutesPreview module
Types of supply8 minutes
Aggregate turnover: Computation and relevance10 minutes
Composite and mixed supply10 minutes
Judicial interpretation9 minutes
Key takeaways2 minutes

11 readingsTotal 95 minutes

Legal provisions - Inter-State and Intra-State supplies15 minutes
Legal provisions - Types of supplies15 minutes
SC ruling - M/s. Mohit Minerals Pvt. Ltd.10 minutes
AAAR - M/s NB Patil 5 minutes
Legal provisions - Computation and relevance of aggregate turnover15 minutes
AAR - M/s Anil Kumar Agrawal5 minutes
Legal provisions - Composite and mixed supply15 minutes
AAR - M/s Be Well Hospitals Private Limited5 minutes
AAR - M/s Healersark Resources Private Limited5 minutes
Gujarat HC ruling - Torrent Power Ltd. 5 minutes
Judicial interpretation - Rulings (optional)0 minutes

2 assignmentsTotal 45 minutes

Graded assessment: Decoding the concept of supply - Part 315 minutes
Decoding the concept of supply: Hands-on-project30 minutes

Instructor

Instructor ratings

4.3 (21 ratings)

Tax Academy

PwC India

14 Courses15,742 learners

Offered by

PwC India

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

4.5

66 reviews

5 stars
68.65%
4 stars
20.89%
3 stars
5.97%
2 stars
2.98%
1 star
1.49%

Showing 3 of 66

Reviewed on Sep 5, 2024

the course contain in depth knowledge about gst history implementation , supply , transactions

Reviewed on Oct 24, 2023

The course was little difficult but modules are easy to understand the concept and teacher also explained in a great manner.

Reviewed on Oct 2, 2023

amazing k nowledge given by mentor sharon britto madam , spriha singh

View more reviews

New to Finance? Start here.

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Learn more

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Explore degrees

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Learn more

Frequently asked questions

Upon successful completion of each course, you will be eligible for that respective course completion certificate. To obtain the PwC - India GST professional certificate you must complete all seven courses.

This program is industry agnostic and would be relevant for anyone looking to acquire basic knowledge of GST.

Learner should be familiar with basic numeric calculations, MS Excel skills, and accounting principles.

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.