GST - when, where, who and how much?

This course is part of PwC GST Taxation Executive Professional Certificate

Instructor: Tax Academy

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4 modules

Gain insight into a topic and learn the fundamentals.

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.

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

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'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

7 assignments

Taught in English

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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.

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There are 4 modules in this course

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.

Goods and services are taxed at the place where they are consumed and not at their place of origin. In this module, we shall explain how to identify the place of consumption of goods and services by interpreting the provisions relating to the place of supply.

What's included

11 videos14 readings3 assignments1 discussion prompt

11 videosTotal 59 minutes

Welcome to GST Taxation Executive Professional Certificate1 minutePreview module
Introduction to the course: GST - when, where, who and how much?0 minutes
Introduction to the module2 minutes
Nature of supplies: Intra-state and inter-state supplies7 minutes
Legal provisions2 minutes
How to determine the place of supply of goods?5 minutes
Place of supply of goods – Illustrations6 minutes
How to determine the place of supply of domestic services – Part 110 minutes
How to determine the place of supply of domestic services – Part 28 minutes
How to determine the place of supply of cross-border services services 11 minutes
Key takeaways2 minutes

14 readingsTotal 135 minutes

Program description and course syllabus10 minutes
GST in India15 minutes
Role of a GST professional10 minutes
Helpful tips to get started5 minutes
Legal provisions10 minutes
Service tax education guide - location of supplier5 minutes
Legal provisions5 minutes
HC ruling - Lalitha Muraleedharan5 minutes
Legal provisions - Domestic and cross border supply of services 30 minutes
Place of supply basis place of effective use of service10 minutes
Special provisions for OIDAR 5 minutes
Clarifications on 'scope of intermediary' and 'export of services'5 minutes
Bombay HC - Dharmendra M. Jani15 minutes
Advance ruling on place of supply5 minutes

3 assignmentsTotal 35 minutes

Hands-on-project: Determining inter-State and intra-State supplies10 minutes
Graded assessment - Place of supply 15 minutes
Hands-on-project: Place of supply10 minutes

1 discussion promptTotal 2 minutes

Meet and Greet2 minutes

Determining the time of supply is essential for the payment of tax. It is also important, as other provisions relating to valuation and rate of tax will apply based on such date. In this module, we shall explain how to determine the time of supply of goods and that of services.

What's included

10 videos10 readings1 assignment7 discussion prompts

10 videosTotal 48 minutes

Introduction to the module3 minutesPreview module
How to determine the time of supply of goods?9 minutes
How to determine the time of supply of services?6 minutes
How to determine time of supply in case of continuous supply of goods and services?4 minutes
How to determine the time of supply in other specified cases?4 minutes
How to determine the time of supply in case of change in rate of tax?7 minutes
Invoicing and collection1 minute
Judicial interpretation4 minutes
Case studies6 minutes
Key takeaways1 minute

10 readingsTotal 36 minutes

Legal provisions - Time of supply5 minutes
Notifications - Time of supply of goods2 minutes
Legal provisions - Time of supply of services5 minutes
Legal provisions - Timeline for issue of tax invoice10 minutes
Point of taxation rules0 minutes
Legal provisions - Key terms defined2 minutes
Legal provisions - Rate of exchange in foreign currency transactions2 minutes
Legal provisions - Time of supply for change in rate of tax5 minutes
AAR - M/s Chennai Port Trust0 minutes
AAAR - M/s UP Avas Evam Vikas Parishad5 minutes

1 assignmentTotal 20 minutes

Graded assessment - Time of supply20 minutes

7 discussion promptsTotal 14 minutes

Time of supply of goods under forward charge 2 minutes
Time of supply of service where invoice is not issued within prescribed period2 minutes
Time of supply of service under reverse charge2 minutes
Continuous supply of goods 2 minutes
Continuous supply of services2 minutes
Time of supply of vouchers2 minutes
Change in rate of tax2 minutes

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.

What's included

11 videos21 readings1 assignment1 discussion prompt

11 videosTotal 61 minutes

Introduction to the module3 minutesPreview module
Valuation under GST3 minutes
Inclusions and exclusions to the transaction value8 minutes
Valuation – Illustrations5 minutes
Valuation of FOC supplies & discounts8 minutes
Judicial interpretation4 minutes
Valuation where price is not the sole consideration5 minutes
Valuation in case of supplies to related persons8 minutes
Valuation under specific scenarios - Part 17 minutes
Valuation under specific scenarios - Part 25 minutes
Key takeaways1 minute

21 readingsTotal 160 minutes

Legal provisions - Value of taxable supply10 minutes
Valuation methodology - GST on TCS1 minute
AAR - M/s Sundaram Finance Limited5 minutes
AAR - M/s Gujarat Industrial Security Force Society5 minutes
Valuation: Free-of-cost supplies & post-sale discounts10 minutes
SC Ruling - Bhayana Builders Private Limited2 minutes
AAAR - Nash Industries Private Limited5 minutes
AAR - Ultratech Cement Limited5 minutes
Legal provisions - Valuation where price is not sole consideration15 minutes
AAR - Kanhaiya Reality Private Limited5 minutes
Customs law - Scientific Instruments Co. Ltd.10 minutes
Legal provisions - Valuation of supplies between related persons15 minutes
AAR - Specsmakers Opticians Private Limited5 minutes
AAR - M/s B.G. Shirke Construction Technology Private Limited5 minutes
AAR - Thirumalai Chemicals Limited 5 minutes
Legal provisions25 minutes
Valuation - Sale of used vehicle5 minutes
Legal provisions20 minutes
Pure agent - Service tax provisions (optional)0 minutes
AAR E-square Leisure Private Limited2 minutes
AAAR - Ion Trading India Private Limited5 minutes

1 assignmentTotal 15 minutes

Graded assessment - Valuation15 minutes

1 discussion promptTotal 5 minutes

Value of supply - incidental expenses5 minutes

Generally, GST is payable by the supplier of goods or services. However, in specific cases, this liability is on the recipient under the reverse charge mechanism. In this module, we shall appreciate the purpose of the introduction of the reverse charge mechanism and identify those transactions where GST is required to be paid under the reverse charge.

What's included

8 videos9 readings2 assignments3 discussion prompts

8 videosTotal 36 minutes

Introduction to the module2 minutesPreview module
What is reverse charge mechanism? 7 minutes
How to determine the applicability of RCM1 minute
Supplies notified for payment under RCM 6 minutes
How to determine the time of supply in case of RCM transactions2 minutes
Key points to consider8 minutes
Judicial interpretation6 minutes
Key takeaways0 minutes

9 readingsTotal 150 minutes

Legal provisions - Reverse charge mechanism10 minutes
Legal provisions - Issuance of self-invoice10 minutes
Notifications listing goods and services liable to RCM45 minutes
Reverse charge on supplies from unregistered persons20 minutes
SC Ruling - Northern Operating Systems Limited5 minutes
Legal provisions - Time of supply for RCM5 minutes
Legal provisions - Compulsory registration under RCM10 minutes
SC Ruling - Mohit Minerals Private Limited15 minutes
GST FAQ on RCM30 minutes

2 assignmentsTotal 30 minutes

Graded assessment - Reverse charge mechanism15 minutes
Hands-on-project: GST - when, where, who and how much?15 minutes

3 discussion promptsTotal 25 minutes

Fees to director10 minutes
Time of supply for reverse charge transactions5 minutes
Goods transport agency10 minutes

Instructor

Instructor ratings

4.8 (5 ratings)

Tax Academy

PwC India

14 Courses15,554 learners

Offered by

PwC India

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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 in India.

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.