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

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Tax Academy

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PwC GST Taxation Executive Professional CertificatePwC India

About this Course

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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.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

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Course 1 of 7 in the

PwC GST Taxation Executive Professional Certificate

Beginner Level

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

Approx. 13 hours to complete

English

What you will 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 will gain

GST technical
Concept of supply
Problem Solving
GST law
Interpretation

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 7 in the

PwC GST Taxation Executive Professional Certificate

Beginner Level

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

Approx. 13 hours to complete

English

Instructor

Tax Academy

An initiative by PwC Academy

2,107 Learners

7 Courses

Offered by

PwC India

Syllabus - What you will learn from this course

Week1

Week 1

4 hours to complete

Framework 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.

4 hours to complete

12 videos (Total 60 min), 12 readings, 1 quiz

12 videos

Welcome to GST Taxation Executive Professional Certificate1mIntroduction to the course: GST - Genesis and imposition!1mIntroduction to the module: Framework of GST2mPre-GST regime: Constitutional backdrop3mPre-GST regime: Framework of taxes9mThe advent of GST: An introduction9mThe advent of GST: Implementation10mDual tax model4mUtilisation of input tax credit6mA few key concepts8mGlobal perspective – a comparison1mKey takeaways3m

12 readings

Program description and course syllabus10mGST in India15mRole of a GST professional10mHelpful tips to get started5mConstitutional Framework: Pre-GST10mHistorical framework of indirect taxes and its challenges10mFormation of the GST Council20mBenefits of GST and taxes subsumed 1hCBIC FAQ on dual GST model10mOrder of utilisation of input tax credit10mCBIC extracts explaining key concepts15mInternational perspective on GST2m

1 practice exercise

Graded assessment: Framework of GST15m

Week2

Week 2

3 hours to complete

Decoding the concept of supply - Part 1

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.

3 hours to complete

7 videos (Total 40 min), 11 readings, 1 quiz

7 videos

Introduction to the module2mWhat is supply?4mDecoding the terms ‘goods’ and ‘services’8mForms of supply?6mWhat is consideration?9mWhat is business?6mImport of services3m

11 readings

Definition of supply and its coverage15mLegal provisions - definition of 'goods and 'services'5mAdvance ruling - M/s Krishna Institute of Medical Sciences Limited5mGST on lottery as 'actionable claim'10mDefinition of different forms of supply5mDefinition of consideration5mAAR - M/s. Kothari Sugars and Chemicals Limited5mDefinition of business3mAAR - M/s. National Institute of Bank Management5mLegal provisions - Import of services1mAAR - M/s. The World Economic Forum, India LO5m

1 practice exercise

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

Week3

Week 3

3 hours to complete

Decoding the concept of supply - Part 2

3 hours to complete

8 videos (Total 69 min), 14 readings, 1 quiz

8 videos

Transactions treated as a supply even if made without a consideration – Part 111mTransactions treated as a supply even if made without a consideration – Part 25mTransactions deemed to be treated as supply of goods or supply of services – Part 19mTransactions deemed to be treated as supply of goods or supply of services – Part 210mTransactions deemed to be treated as supply of goods or supply of services – Part 39mTransactions excluded from the scope of supply – Part 110mTransactions excluded from the scope of supply – Part 26mIllustration5m

14 readings

Legal provisions - Transactions treated as supply even if made without consideration 15mAAR - M/s. Rajashri Foods Pvt. Ltd. 5mApplicability of GST on gifts2mCBIC Clarification: Principal agent relationship10mLegal provisions - Transactions deemed to be treated as supply of goods or supply of services10mAAR - Cosmic Ferro Alloys Limited5mLegal provisions - Transactions deemed to be treated as supply of goods or supply of servicesForfeiture of earnest money deposit and liquidated damages10mAAR - Airports Authority of India10mLegal provisions - Transactions excluded from the scope of supply5mAAR - M/S. Kothari Sugars and Chemicals Limited5mGST on consideration paid to directors5mCase laws covered in the video (optional)Mechanics of charging IGST on goods supplied from CBW5m

1 practice exercise

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

Week4

Week 4

3 hours to complete

Decoding the concept of supply - Part 3

3 hours to complete

6 videos (Total 50 min), 11 readings, 2 quizzes

6 videos

Concept of inter-State and intra-State supplies9mTypes of supply8mAggregate turnover: Computation and relevance10mComposite and mixed supply10mJudicial interpretation9mKey takeaways2m

11 readings

Legal provisions - Inter-State and Intra-State supplies15mLegal provisions - Types of supplies15mSC ruling - M/s. Mohit Minerals Pvt. Ltd.10mAAAR - M/s NB Patil 5mLegal provisions - Computation and relevance of aggregate turnover15mAAR - M/s Anil Kumar Agrawal5mLegal provisions - Composite and mixed supply15mAAR - M/s Be Well Hospitals Private Limited5mAAR - M/s Healersark Resources Private Limited5mGujarat HC ruling - Torrent Power Ltd. 5mJudicial interpretation - Rulings (optional)

2 practice exercises

Graded assessment: Decoding the concept of supply - Part 315mDecoding the concept of supply: Hands-on-project30m

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TOP REVIEWS FROM GST - GENESIS AND IMPOSITION!

by AEMar 10, 2023

Nice course for those who want to learn about GST and the details of supply and composite and mixed supplies are well explained.

Thank You

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About the PwC GST Taxation Executive Professional Certificate

Want to start a new career as a GST professional in India or want to enhance your GST knowledge as an accountant or Tax executive? Goods and Services Tax(GST) specialists are in high demand as companies seek individuals with expertise to help them implement and comply with this landmark tax reform. They are responsible for preparing and filing tax returns, preparing payments, identifying tax savings, and analyzing tax issues.

Designed by PwC India, this program will help you gain in-demand skills in the field of GST. You’ll learn about India's GST landscape and fundamentals, understand GST compliances, how and when to apply GST, and how to undertake GST compliances and file returns. You’ll gain practical knowledge of GST and apply your new skills to real world scenarios by examining actual transactions and case studies. Upon completion, you will earn a Professional Certificate from PwC India and will have job-ready skills for entry level GST jobs in India. This is an industry-agnostic program relevant to anyone looking to acquire basic knowledge of India GST. Learners can sharpen their skills in specific GST areas such as technical aspects, compliances, and tax dispute resolution. To be successful, it will be helpful to be familiar with basic Excel, basic arithmetic formulas, and the concepts of purchase, sale, receipts, and payments.

Frequently Asked Questions

When will I have access to the lectures and assignments?
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.
What will I get if I subscribe to this Certificate?
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.
How do I obtain the course certificate?
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.
Who is this program for?
This program is industry agnostic and would be relevant for anyone looking to acquire basic knowledge of GST.
What background knowledge is necessary?
Learner should be familiar with basic numeric calculations, MS Excel skills, and accounting principles.
Do I need to take the courses in a specific order?
Yes, it is recommended that you take the courses in the specific order from one to seven.
What will I be able to do upon completing the specialization?
It will provide you with the skills required for entry and mid-level jobs in the fields of finance, tax and law.

More questions? Visit the Learner Help Center.

GST - Genesis and imposition!

About this Course

What you will learn

Skills you will gain