GST - Audit, assessment and litigation from Coursera

In this course, you will learn the aspects of tax dispute resolution, assessment, investigation, and audit under GST and understand the penal provisions for non-compliance. You will also understand the provisions related to anti-profiteering introduced in GST.

This course provides a platform for learners planning to launch their careers in the field of GST-related compliance in India. Learners already undertaking GST compliances may also upskill themselves with the technical skills imparted under this course. 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:

- The procedure for audit by government authorities

- Assessment of taxes, and the appellate procedure

- Non-compliances or offences leading to penalties and prosecution

- The objectives for the introduction of anti-profiteering provisions, the role and constituents of statutory bodies, and the practical challenges in its implementation

- Business restructuring from a GST perspective, the tax risks, and how MIS reports can help mitigate the risks.

What's inside

Syllabus

Assessments and audits

Under GST a taxpayer is required to self-assess the tax liability, pay taxes and file returns. Thus, there is a need to ensure that the taxpayer has correctly assessed the tax liability. Assessment can be undertaken either by the taxpayer themselves, which is called self-assessment, or by the tax authorities, which can be in the form of provisional assessment, summary assessment and best judgment assessment. In this module, you will learn about the different types of assessments by the taxpayer as well as the tax authorities, the situations when each of these are invoked and key considerations pertaining to them. You will also learn about the basic framework of audits under GST.

Demands, appeals and penalties

Any non-compliance or contravention of provisions of GST law can attract scrutiny, assessment, audit, demand and recovery proceedings. Demand and recovery provisions are invoked against the taxpayer if there is any short payment or wrong utilisation of input credit. If the taxpayer is unhappy with the order or decision passed by the Tax Officer, such taxpayer has a statutory right to file an appeal. In this module, you will learn the circumstances under which demand can be raised and the timelines for the issuance of notice and conclusion of proceedings. We shall discuss the procedural requirements for filing of appeals such as who can file the appeal, which forum should the appeal be filed to, the quantum of pre-deposit and other important aspects. We shall also discuss the offences that can attract penalties under GST.

What is anti-profiteering?

The Government introduced provisions in the GST legislation that any reduction in the tax incidence, i.e. GST should be passed on to consumers through a commensurate reduction in prices. This measure of the Government is commonly known as ‘anti-profiteering’. ‘Anti-profiteering’, as the name suggests, means that one cannot ‘profiteer’ from GST. In this module, we shall discuss the legal framework for anti-profiteering regulations in India and the authorities constituted by the Government to check the cases of anti-profiteering.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Explores dispute resolution relative to tax assessments in India, a topic which is highly relevant for finance, tax, and legal professionals working there

Examines anti-profiteering provisions in GST, an uncommon but potentially key topic

Provides insights into GST audit procedures, a core skill for tax and finance professionals

Teaches the procedure for filing tax appeals, which is a useful skill for tax and legal professionals

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in GST - Audit, assessment and litigation with these activities:

Review of GST Concepts

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Brush up on the basic concepts of GST, such as its structure, key provisions, and tax rates.

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Reread your notes or textbooks on GST
Review online resources or articles
Attend a GST refresher course or webinar

Learn about the basics of GST

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Complete a tutorial to refresh your memory about how GST affects businesses and individuals.

Browse courses on GST

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Identify a reputable online tutorial or resource
Follow the tutorial, making notes as needed

Practice calculating GST liability

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Go through worked examples and complete practice problems to get comfortable calculating GST liability.

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Find a set of practice problems
Work through the problems, checking your answers
Review your mistakes and learn from them

Four other activities

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GST Calculation Practice

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Complete practice exercises to reinforce your understanding of GST calculations, including tax liability, input tax credit, and filing returns.

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Solve GST calculation problems using online tools or textbooks
Analyze real-life case studies
Participate in online forums or discussion groups on GST

Attend a workshop on GST

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Attend workshops or webinars led by industry experts to gain practical insights into GST implementation and compliance.

Browse courses on GST

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Find relevant workshops or webinars
Register and attend the workshop
Take notes and ask questions

Create an infographic summarizing GST concepts

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Create a visually engaging infographic that summarizes key GST concepts and their implications.

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Choose a topic and research the key concepts
Design and create the infographic using a tool like Canva or Adobe Illustrator
Share your infographic with the class or online

Contribute to an open-source GST library or tool

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Put your GST knowledge into practice by contributing to open-source projects or code libraries.

Browse courses on Open Source

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Find an open-source GST project or library
Identify an area where you can contribute
Make a pull request to the project

Career center

Learners who complete GST - Audit, assessment and litigation will develop knowledge and skills that may be useful to these careers:

GST Officer

You will be responsible for administering the GST laws and regulations. This course may be useful for you because it provides a comprehensive overview of the GST system. It will help you understand the different aspects of the law and how to apply it in practice.

See salaries and explore the career path for GST Officer

Tax Consultant

You will provide advice to businesses on tax matters, including GST compliance. This course may be useful for you because it provides a comprehensive understanding of the GST laws and regulations. It will help you develop the skills necessary to advise clients on how to minimize their tax liability.

See salaries and explore the career path for Tax Consultant

Tax Lawyer

You will be responsible for representing clients in tax disputes. This course may be useful for you because it provides a deep understanding of the GST laws and regulations. It will help you develop the skills necessary to represent clients before the tax authorities and in court.

See salaries and explore the career path for Tax Lawyer

Forensic Accountant

You will be responsible for investigating financial fraud and other financial crimes. This course may be useful for you because it provides a strong foundation in the GST laws and regulations. It will help you understand how GST is used to perpetrate fraud and how to investigate it.

See salaries and explore the career path for Forensic Accountant

Auditor

You will be responsible for examining financial records to ensure that they are accurate and compliant with the law. This course may be useful for you because it provides a strong foundation in the GST laws and regulations. It will help you understand how GST is applied in practice and how to identify and correct errors.

See salaries and explore the career path for Auditor

Tax Auditor

You will be responsible for examining financial records to ensure that businesses are complying with tax laws. This course may be useful for you because it provides a deep understanding of the GST audit process. It will help you develop the skills necessary to identify and correct errors in tax returns.

See salaries and explore the career path for Tax Auditor

Compliance Officer

You will be responsible for ensuring that your business is compliant with all applicable laws and regulations. This course may be useful for you because it provides a comprehensive overview of the GST laws and regulations. It will help you understand how GST impacts businesses and how to comply with the law.

See salaries and explore the career path for Compliance Officer

Tax Manager

You will be responsible for managing the tax function for a business. This course may be useful for you because it provides a broad understanding of the GST laws and regulations. It will help you develop the skills necessary to manage a team of tax professionals and to ensure that your business is compliant with the law.

See salaries and explore the career path for Tax Manager

Management Consultant

You will be responsible for providing advice to businesses on how to improve their operations. This course may be useful for you because it provides a comprehensive understanding of the GST laws and regulations. It will help you understand how GST impacts businesses and how to develop strategies to help them comply with the law.

See salaries and explore the career path for Management Consultant

Project Manager

You will be responsible for planning, executing, and controlling projects. This course may be useful for you because it provides a solid understanding of the GST laws and regulations. It will help you understand how GST impacts businesses and how to develop strategies to help them comply with the law.

See salaries and explore the career path for Project Manager

Business Analyst

You will be responsible for analyzing business processes to identify opportunities for improvement. This course may be useful for you because it provides a solid understanding of the GST laws and regulations. It will help you understand how GST impacts businesses and how to develop strategies to help them comply with the law.

See salaries and explore the career path for Business Analyst

Data Analyst

You will be responsible for collecting, analyzing, and interpreting data to make informed decisions. This course may be useful for you because it provides a strong foundation in the GST laws and regulations. It will help you understand how GST is used in practice and how to use data to identify and mitigate risks.

See salaries and explore the career path for Data Analyst

Financial Analyst

You will be responsible for analyzing financial data to make investment recommendations. This course may be useful for you because it provides a solid understanding of the GST laws and regulations. It will help you understand how GST impacts businesses and how to factor it into your investment analysis.

See salaries and explore the career path for Financial Analyst

Risk Manager

You will be responsible for identifying and managing risks to your business. This course may be useful for you because it provides a solid understanding of the GST laws and regulations. It will help you understand how GST impacts businesses and how to mitigate the risks associated with it.

See salaries and explore the career path for Risk Manager

Tax Accountant

You will be involved in the preparation of tax returns, advising clients on tax matters, and representing clients in audits. This course may be useful for you because it provides a comprehensive overview of the GST laws, regulations, and procedures. It will help you understand how GST impacts businesses and how to comply with the law.

See salaries and explore the career path for Tax Accountant

GST - Audit, assessment and litigation

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