PwC GST Taxation Executive Professional Certificate

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.

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.

GST, if applicable, can be paid in cash or through the utilization of input tax credit, also commonly known as ITC. In this course, you will learn about the concept of the input tax credit, conditions , and restrictions on availing and utilizing ITC, legal requirements and procedures for reconciliation of ITC , and the concept of distribution of ITC. Input tax credits, along with valuations, play an important role in the pricing of goods and services.

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: - Know what is input tax credit and the conditions for availing of such credit - Learn about the restrictions on the availment of credit and understand when credit needs to be reversed - Know the legal requirement for performing reconciliation of purchase records and the detailed process for the same - Identify the practical challenges one may face while performing the reconciliations - Understand the concept of input service distributor, as well as, when and how it needs to be applied.

Similar to any other tax system, compliances form the backbone of GST. GST compliances are primarily two-fold: registration and return filing. In this course, you will learn when to obtain registration, where to obtain it ,and the procedure to obtain registration. Thereafter, you will learn about the different returns under GST and the process of filing such returns along with the details required to be furnished.

This course provides a platform for learners planning to launch their careers in the field of GST-related compliance 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 learn about: - When a person is required to obtain registration, where to obtain the registration, and the procedure to obtain registration under GST - Various returns required to be furnished under the GST law and the need for different types of returns - The manner of preparation of various GST returns, the details required to be reported in the returns, and the due dates for return filing.