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

Tax Academy

Offered By

PwC GST Taxation Executive Professional CertificatePwC India

About this Course

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In this course, you will build upon your knowledge on the concept of ‘supply’ covered in the first course. 
Once a transaction is identified as ‘supply’, it is important to determine when, where and on whom GST will apply. Equally important is the computation of the value on which the GST is to be applied. 

This course provides a platform for learners planning to launch their careers in tax or sharpen their skills with the technical understanding of GST law in India. This program is industry agnostic and is 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:
- Be able to identify where the supply should be taxed
- Know when GST needs to be paid
- Understand how much GST needs to be paid 
- Understand who needs to pay the GST.

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 2 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

Identify the place of supply of a transaction, thereby pinpointing where the supply should be taxed.
Determine the time of supply of a transaction, thereby identifying when the tax needs to be paid.
Compute the value of the transaction on which tax needs to be paid.
Identify who is required to pay the tax, either under forward charge or reverse charge.

Skills you will gain

place of supply
Time of supply
GST technical
Decision-Making
Problem Solving

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 2 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

1,972 Learners

7 Courses

Offered by

PwC India

Syllabus - What you will learn from this course

Week1

Week 1

4 hours to complete

Identifying the place of supply of goods or services

4 hours to complete

11 videos (Total 59 min), 14 readings, 3 quizzes

11 videos

Welcome to GST Taxation Executive Professional Certificate1mIntroduction to the course: GST - when, where, who and how much?47sIntroduction to the module2mNature of supplies: Intra-state and inter-state supplies7mLegal provisions2mHow to determine the place of supply of goods?5mPlace of supply of goods – Illustrations6mHow to determine the place of supply of domestic services – Part 110mHow to determine the place of supply of domestic services – Part 28mHow to determine the place of supply of cross-border services services 11mKey takeaways2m

14 readings

Program description and course syllabus10mGST in India15mRole of a GST professional10mHelpful tips to get started5mLegal provisions10mService tax education guide - location of supplier5mLegal provisions5mHC ruling - Lalitha Muraleedharan5mLegal provisions - Domestic and cross border supply of services 30mPlace of supply basis place of effective use of service10mSpecial provisions for OIDAR 5mClarifications on 'scope of intermediary' and 'export of services'5mBombay HC - Dharmendra M. Jani15mAdvance ruling on place of supply5m

3 practice exercises

Hands-on-project: Determining inter-State and intra-State supplies10mGraded assessment - Place of supply 15mHands-on-project: Place of supply10m

Week2

Week 2

2 hours to complete

Determining the time of supply of goods or services

2 hours to complete

10 videos (Total 49 min), 10 readings, 1 quiz

10 videos

Introduction to the module3mHow to determine the time of supply of goods?9mHow to determine the time of supply of services?6mHow to determine time of supply in case of continuous supply of goods and services?4mHow to determine the time of supply in other specified cases?4mHow to determine the time of supply in case of change in rate of tax?7mInvoicing and collection1mJudicial interpretation4mCase studies6mKey takeaways1m

10 readings

Legal provisions - Time of supply5mNotifications - Time of supply of goods2mLegal provisions - Time of supply of services5mLegal provisions - Timeline for issue of tax invoice10mPoint of taxation rulesLegal provisions - Key terms defined2mLegal provisions - Rate of exchange in foreign currency transactions2mLegal provisions - Time of supply for change in rate of tax5mAAR - M/s Chennai Port TrustAAAR - M/s UP Avas Evam Vikas Parishad5m

1 practice exercise

Graded assessment - Time of supply20m

Week3

Week 3

4 hours to complete

Computing the value of supply

Tax is payable as a percentage of the value of the supply of goods or services. Therefore, it is important to calculate the value on which tax is to be paid. In this module, we shall explain the rules to determine the value of a supply and the associated inclusions and exclusions. We shall also discuss the treatment of free-of-cost supplies and discounts. We shall then examine the rules to be applied for the valuation of transaction between related parties.

4 hours to complete

11 videos (Total 61 min), 21 readings, 1 quiz

11 videos

Introduction to the module3mValuation under GST3mInclusions and exclusions to the transaction value8mValuation – Illustrations5mValuation of FOC supplies & discounts8mJudicial interpretation4mValuation where price is not the sole consideration5mValuation in case of supplies to related persons8mValuation under specific scenarios - Part 17mValuation under specific scenarios - Part 25mKey takeaways1m

21 readings

Legal provisions - Value of taxable supply10mValuation methodology - GST on TCS1mAAR - M/s Sundaram Finance Limited5mAAR - M/s Gujarat Industrial Security Force Society5mValuation: Free-of-cost supplies & post-sale discounts10mSC Ruling - Bhayana Builders Private Limited2mAAAR - Nash Industries Private Limited5mAAR - Ultratech Cement Limited5mLegal provisions - Valuation where price is not sole consideration15mAAR - Kanhaiya Reality Private Limited5mCustoms law - Scientific Instruments Co. Ltd.10mLegal provisions - Valuation of supplies between related persons15mAAR - Specsmakers Opticians Private Limited5mAAR - M/s B.G. Shirke Construction Technology Private Limited5mAAR - Thirumalai Chemicals Limited 5mLegal provisions25mValuation - Sale of used vehicle5mLegal provisions20mPure agent - Service tax provisions (optional)AAR E-square Leisure Private Limited2mAAAR - Ion Trading India Private Limited5m

1 practice exercise

Graded assessment - Valuation15m

Week4

Week 4

4 hours to complete

Discharging tax under reverse charge

4 hours to complete

8 videos (Total 37 min), 9 readings, 2 quizzes

8 videos

Introduction to the module2mWhat is reverse charge mechanism? 7mHow to determine the applicability of RCM1mSupplies notified for payment under RCM 6mHow to determine the time of supply in case of RCM transactions2mKey points to consider8mJudicial interpretation6mKey takeaways59s

9 readings

Legal provisions - Reverse charge mechanism10mLegal provisions - Issuance of self-invoice10mNotifications listing goods and services liable to RCM45mReverse charge on supplies from unregistered persons20mSC Ruling - Northern Operating Systems Limited5mLegal provisions - Time of supply for RCM5mLegal provisions - Compulsory registration under RCM10mSC Ruling - Mohit Minerals Private Limited15mGST FAQ on RCM30m

2 practice exercises

Graded assessment - Reverse charge mechanism15mHands-on-project: GST - when, where, who and how much?15m

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 in India.
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 - when, where, who and how much?

About this Course

What you will learn

Skills you will gain