GST - Undertaking compliances from Coursera

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.

What's inside

Syllabus

Obtaining registration

Registration is the foundation for all GST compliances, including payment of taxes, availing input tax credit, filing of returns and claiming refunds. In this module, you will learn when to obtain registration, voluntarily or mandatorily, and where to obtain it. You will also learn the procedure for obtaining registration and the situations requiring amendments and cancellation.

Filing returns – Part 1

Prior to the advent of GST, there were a multitude of indirect taxes, which required the filing of multiple returns, each with a different format and requirements. The introduction of GST has simplified and streamlined the compliance process. While there are a number of returns to be filed under GST depending upon the nature of the business, the return formats are uniform across the country. In this module, you will learn about the importance and the need for filing various returns along with the process for filing of returns under GST. You will learn the manner of preparation, the details to be reported and the due dates for filing various returns. At the end of this module, you should have a deep understanding of the GST return filing process and be ready to undertake the GST return filing compliances.

Filing returns – Part 2

Filing returns – Part 3

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Provides a foundation for learners planning to launch their careers in the field of GST-related compliance in India

Develops basic knowledge of GST, which is relevant for anyone looking to acquire a foothold in finance, tax, or law

Develops a deep understanding of the GST return filing process

Advises students to take other courses as prerequisites

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 - Undertaking compliances with these activities:

Refresh understanding of basic accounting

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Understanding accounting principles to build strong GST compliance knowledge

Browse courses on Journal Entries

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Review basic accounting concepts

Create flowchart for GST return

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Practice knowledge of GST return filing using a flowchart to solidify concepts

Browse courses on GST Returns

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Identify the different types of GST returns
Understand the process of filing GST returns
Create a basic flowchart layout on the process
Fill in the details and specifics of the GST filing process.

File GST return practice

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Practice the GST returns process to understand real-world application

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Choose a business scenario
Calculate GST
Complete the GST return form

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Career center

Learners who complete GST - Undertaking compliances will develop knowledge and skills that may be useful to these careers:

GST Consultant

GST Consultants are responsible for providing advice and support to businesses on all aspects of GST. This course provides you with a solid foundation in GST compliance, which is an essential skill for GST Consultants. With the skills you'll gain from this course, you can help your clients optimize their cash flows, maximize input tax credit utilization, and much more. If you're interested in a career as a GST Consultant, this course is an excellent place to start.

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Tax Accountant

Tax Accountants manage various tax-related tasks such as tax planning, preparation, and filing of tax returns. This course provides an in-depth look at GST-related compliances, which is essential for Tax Accountants who work with businesses that are subject to GST. With the knowledge gained from this course, you'll be able to assist businesses in meeting their GST obligations, ensuring compliance, and avoiding penalties.

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Tax Manager

Tax Managers are responsible for overseeing the tax affairs of an organization. This course provides a comprehensive understanding of GST compliance, which is crucial for Tax Managers who need to make informed decisions regarding GST-related matters. The knowledge you'll gain from this course can help you develop and implement effective tax strategies, reduce tax liabilities, and ensure compliance.

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Auditor

Auditors are responsible for examining and verifying financial records to ensure accuracy and compliance with regulations. This course provides insights into GST-related compliance procedures, which is valuable for Auditors who audit businesses subject to GST. By taking this course, you can enhance your understanding of GST laws, enabling you to conduct thorough audits and provide valuable assurance to clients.

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GST Compliance Officer

GST Compliance Officers are responsible for ensuring that businesses comply with GST regulations. This course offers a thorough understanding of GST compliances, equipping you with the knowledge necessary to perform your duties effectively. With the skills gained from this course, you'll be able to guide businesses in meeting their GST obligations, preventing non-compliance, and safeguarding against penalties.

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Financial Analyst

Financial Analysts are responsible for analyzing financial data to make informed investment decisions. This course provides a solid foundation in GST compliance, which is crucial for Financial Analysts who work with companies subject to GST. By taking this course, you'll be able to evaluate the financial impact of GST on businesses, assess the risks and opportunities, and make sound investment recommendations.

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Tax Consultant

Tax Consultants provide advice and support to individuals and businesses on various tax-related matters. This course offers a thorough understanding of GST compliance, which is essential for Tax Consultants who work with clients subject to GST. Upon completion of this course, you'll be able to provide expert guidance on GST-related issues, helping clients navigate the complexities of GST laws and optimize their tax positions.

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Business Analyst

Business Analysts analyze business processes to identify areas for improvement. This course covers the fundamentals of GST compliance, which is valuable for Business Analysts who work with businesses subject to GST. By taking this course, you'll gain insights into the impact of GST on business operations, enabling you to recommend effective solutions that enhance compliance and streamline processes.

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Accountant

Accountants are responsible for managing financial records and ensuring compliance with accounting standards. This course provides a comprehensive understanding of GST compliance, which is vital for Accountants who work with businesses subject to GST. With the knowledge gained from this course, you'll be able to accurately record and report GST transactions, ensuring compliance and avoiding errors.

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Compliance Manager

Compliance Managers are responsible for ensuring that organizations comply with all applicable laws and regulations. This course provides insights into GST-related compliance procedures, which is essential for Compliance Managers who oversee GST compliance within their organizations. By taking this course, you'll gain a thorough understanding of GST laws and regulations, enabling you to develop effective compliance strategies and safeguard your organization against non-compliance risks.

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GST Practitioner

GST Practitioners provide specialized services related to GST compliance. This course offers a comprehensive understanding of GST compliance procedures and requirements, equipping you with the knowledge necessary to assist clients in meeting their GST obligations effectively. By taking this course, you can develop the skills and expertise required to provide valuable guidance to clients, ensuring compliance and minimizing the risk of penalties.

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Internal Auditor

Internal Auditors evaluate the effectiveness of internal controls within an organization. This course offers valuable insights into GST-related compliance measures, strengthening your ability to assess the adequacy and effectiveness of GST controls. By taking this course, you'll gain the knowledge necessary to evaluate compliance with GST laws and regulations, ensuring the accuracy of GST reporting and mitigating risks.

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Chartered Accountant

Chartered Accountants offer a wide range of financial services, including GST compliance. This course covers the fundamentals of GST compliance, providing you with a solid foundation for your professional practice. By taking this course, you'll gain a comprehensive understanding of GST laws and regulations, enabling you to effectively assist clients in meeting their GST obligations while minimizing risks.

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Regulatory Affairs Manager

Regulatory Affairs Managers ensure that their organizations comply with all applicable laws and regulations. This course offers a thorough understanding of GST compliance, which is valuable for Regulatory Affairs Managers who oversee GST-related compliance within their organizations. By taking this course, you'll gain insights into GST laws, regulations, and reporting requirements, enabling you to develop effective compliance strategies and mitigate non-compliance risks.

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Tax Lawyer

Tax Lawyers specialize in taxation laws and regulations. This course may be helpful for Tax Lawyers who want to expand their knowledge of GST-related compliance. By taking this course, you'll gain insights into GST laws, regulations, and case laws, enhancing your ability to provide expert legal advice on GST matters and represent clients effectively in tax disputes.

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