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Tax Academy
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.
Read more
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.
Read more
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.
Register for this course and see more details by visiting:
OpenCourser.com/course/liqixe/gst
What's inside
Syllabus
Identifying the place of supply of goods or services
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.
Read more
Syllabus
Identifying the place of supply of goods or services
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.
Read more
Determining the time of supply of goods or services
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.
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.
Discharging tax under reverse charge
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.
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Know what's good ,
what to watch for , and
possible dealbreakers
Taught by industry experts at Tax Academy, which is recognized for its work in tax and finance
Teaches foundational knowledge of GST law in India, which is highly relevant for jobs in finance, tax, or law
Covers the place of supply of goods or services, which is a key determinant of GST liability
Explores the time of supply of goods or services, which is essential for determining when GST is payable
Examines the computation of the value of supply, which forms the basis for calculating GST liability
Discusses the concept of reverse charge, where the GST liability shifts from the supplier to the recipient
Save this course
Save GST - when, where, who and how much? to your list so you can find it easily later:
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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 - when, where, who and how much? with these
activities:
Compile a glossary of key terms related to GST
Show steps
Creating a glossary will help you build a solid foundation of GST terminology and concepts.
Show steps
-
Identify and gather key terms from course materials, textbooks, and other resources.
-
Define each term clearly and concisely.
-
Organize the terms alphabetically or by category.
-
Regularly review and update your glossary.
Practice identifying the place of supply of goods and services
Show steps
Applying the concepts of place of supply to a variety of scenarios will help reinforce the topic in your mind.
Show steps
-
Identify the type of supply (goods or service).
-
Determine the place of consumption.
-
Apply the relevant provisions to identify the place of supply.
Follow a tutorial on time of supply of goods and services
Show steps
A tutorial can provide a structured approach to understanding the nuances of time of supply.
Show steps
-
Locate a reputable tutorial on time of supply.
-
Follow the tutorial step-by-step.
-
Take notes and clarify any doubts.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Calculate the value of supply for various scenarios
Show steps
Calculating the value of supply for different situations will enhance your understanding of the various rules and exceptions.
Browse courses on
Supply
Show steps
-
Gather information about the supply, including the nature of goods/services, value, and any relevant discounts.
-
Identify the applicable provisions for determining the value of supply.
-
Calculate the value of supply based on the identified provisions.
-
Consider any special cases or exceptions that may apply.
-
Document your calculations and reasoning.
Review the book 'GST Law in India' by Dr. Vinod K. Singhania
Show steps
This book provides a comprehensive overview of GST law in India, offering valuable insights and practical guidance.
Show steps
-
Obtain a copy of the book.
-
Read the book thoroughly, taking notes and highlighting important concepts.
-
Summarize the key chapters and sections.
-
Identify areas where you need further clarification.
-
Discuss the book's content with peers or an instructor.
Discuss reverse charge scenarios with peers
Show steps
Exchanging ideas and perspectives with peers can provide new insights and reinforce your understanding of reverse charge.
Show steps
-
Identify a peer group or study buddy.
-
Prepare specific questions or scenarios related to reverse charge.
-
Engage in a discussion, sharing knowledge and experiences.
-
Summarize the key points and insights gained.
Participate in a quiz or competition on GST law
Show steps
Challenging yourself in a competitive environment can motivate you to solidify your understanding of GST law.
Show steps
-
Identify a quiz or competition that covers GST law.
-
Prepare thoroughly by reviewing course materials and other resources.
-
Participate in the quiz or competition.
-
Analyze your performance to identify areas for improvement.
Compile a glossary of key terms related to GST
Show steps
Creating a glossary will help you build a solid foundation of GST terminology and concepts.
Show steps
Show steps
Show steps
- Identify and gather key terms from course materials, textbooks, and other resources.
- Define each term clearly and concisely.
- Organize the terms alphabetically or by category.
- Regularly review and update your glossary.
Practice identifying the place of supply of goods and services
Show steps
Applying the concepts of place of supply to a variety of scenarios will help reinforce the topic in your mind.
Show steps
Show steps
Show steps
- Identify the type of supply (goods or service).
- Determine the place of consumption.
- Apply the relevant provisions to identify the place of supply.
Follow a tutorial on time of supply of goods and services
Show steps
A tutorial can provide a structured approach to understanding the nuances of time of supply.
Show steps
Show steps
Show steps
- Locate a reputable tutorial on time of supply.
- Follow the tutorial step-by-step.
- Take notes and clarify any doubts.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Calculate the value of supply for various scenarios
Show steps
Calculating the value of supply for different situations will enhance your understanding of the various rules and exceptions.
Browse courses on
Supply
Show steps
Show steps
Show steps
- Gather information about the supply, including the nature of goods/services, value, and any relevant discounts.
- Identify the applicable provisions for determining the value of supply.
- Calculate the value of supply based on the identified provisions.
- Consider any special cases or exceptions that may apply.
- Document your calculations and reasoning.
Review the book 'GST Law in India' by Dr. Vinod K. Singhania
Show steps
This book provides a comprehensive overview of GST law in India, offering valuable insights and practical guidance.
Show steps
Show steps
Show steps
- Obtain a copy of the book.
- Read the book thoroughly, taking notes and highlighting important concepts.
- Summarize the key chapters and sections.
- Identify areas where you need further clarification.
- Discuss the book's content with peers or an instructor.
Discuss reverse charge scenarios with peers
Show steps
Exchanging ideas and perspectives with peers can provide new insights and reinforce your understanding of reverse charge.
Show steps
Show steps
Show steps
- Identify a peer group or study buddy.
- Prepare specific questions or scenarios related to reverse charge.
- Engage in a discussion, sharing knowledge and experiences.
- Summarize the key points and insights gained.
Participate in a quiz or competition on GST law
Show steps
Challenging yourself in a competitive environment can motivate you to solidify your understanding of GST law.
Show steps
Show steps
Show steps
- Identify a quiz or competition that covers GST law.
- Prepare thoroughly by reviewing course materials and other resources.
- Participate in the quiz or competition.
- Analyze your performance to identify areas for improvement.
Career center
Learners who complete GST - when, where, who and how much? will develop knowledge and skills
that may be useful to these careers:
Tax Manager
Tax Manager
Tax Managers are responsible for overseeing the tax affairs of businesses and individuals. They develop and implement tax strategies, and ensure that their clients are compliant with tax laws. This course will provide you with the knowledge and skills you need to succeed as a Tax Manager. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Tax Manager.
Tax Auditor
Tax Auditor
Tax Auditors examine financial records to ensure that businesses and individuals are complying with tax laws. They also help identify potential tax liabilities and advise clients on how to avoid them. This course will provide you with the knowledge and skills you need to succeed as a Tax Auditor. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Tax Auditor.
Tax Accountant
Tax Accountant
Tax Accountants prepare and file tax returns for businesses and individuals. They also provide advice on tax planning and compliance. This course will provide you with the knowledge and skills you need to succeed as a Tax Accountant. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Tax Accountant.
Tax Lawyer
Tax Lawyer
Tax Lawyers represent clients in tax disputes with the government. They also advise clients on tax planning and compliance. This course will provide you with the knowledge and skills you need to succeed as a Tax Lawyer. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Tax Lawyer.
Tax Consultant
Tax Consultant
Tax Consultants help businesses and individuals plan for and minimize their tax liabilities. The GST landscape is complex, but it's essential to understand it in order to stay compliant and optimize your tax strategy. This course will help you develop the knowledge and skills you need to excel as a Tax Consultant. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Tax Consultant.
Auditor
Auditor
Auditors examine financial records to ensure that businesses are complying with accounting standards. They also help businesses identify and mitigate financial risks. This course will provide you with the knowledge and skills you need to succeed as an Auditor. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as an Auditor.
Financial Analyst
Financial Analyst
Financial Analysts evaluate the financial performance of businesses and make recommendations on how to improve it. They also help businesses raise capital and make investment decisions. This course will provide you with the knowledge and skills you need to succeed as a Financial Analyst. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Financial Analyst.
Financial Planner
Financial Planner
Financial Planners help individuals and families plan for their financial future. They also provide advice on investment, retirement, and tax planning. This course will provide you with the knowledge and skills you need to succeed as a Financial Planner. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Financial Planner.
Accountant
Accountant
Accountants prepare and file financial statements for businesses. They also provide advice on accounting and tax compliance. This course will provide you with the knowledge and skills you need to succeed as an Accountant. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as an Accountant.
Investment Analyst
Investment Analyst
Investment Analysts evaluate the financial performance of investments and make recommendations on how to invest. They also help investors make investment decisions. This course will provide you with the knowledge and skills you need to succeed as an Investment Analyst. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as an Investment Analyst.
Business Analyst
Business Analyst
Business Analysts help businesses improve their performance by identifying and solving problems. They also help businesses develop and implement new strategies. This course will provide you with the knowledge and skills you need to succeed as a Business Analyst. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Business Analyst.
Consultant
Consultant
Consultants provide advice to businesses and organizations on a variety of topics, including strategy, operations, and finance. This course will provide you with the knowledge and skills you need to succeed as a Consultant. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Consultant.
Data Analyst
Data Analyst
Data Analysts collect, analyze, and interpret data to help businesses make better decisions. This course will provide you with the knowledge and skills you need to succeed as a Data Analyst. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Data Analyst.
Project Manager
Project Manager
Project Managers plan, organize, and execute projects. They also ensure that projects are completed on time and within budget. This course will provide you with the knowledge and skills you need to succeed as a Project Manager. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Project Manager.
Software Engineer
Software Engineer
Software Engineers design, develop, and maintain software applications. This course will provide you with the knowledge and skills you need to succeed as a Software Engineer. You'll learn how to identify the place of supply of goods or services, determine the time of supply, compute the value of supply, and discharge tax under reverse charge. This course can help you build a foundation for a successful career as a Software Engineer.
For more career information including salaries, visit:
OpenCourser.com/course/liqixe/gst
Reading list
We've selected eight books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
GST - when, where, who and how much?.
Save
This publication provides regular updates on the GST law and its implementation. It includes analysis of recent amendments, case laws, and circulars, making it a valuable resource for learners seeking to stay current with the latest developments in GST.
This casebook provides a compilation of case studies and judicial pronouncements related to GST. It valuable resource for learners seeking to understand the practical application of GST laws.
This report provides an economic analysis of the GST system in India. It assesses its impact on the economy, businesses, and consumers. It valuable resource for learners seeking to understand the broader economic implications of GST.
This study provides a comparative analysis of GST systems in different countries. It useful reference for learners seeking to understand the global context of GST and its implications for India.
This textbook provides a comprehensive overview of the GST law and its implications for students. It covers the key concepts, provisions, and case laws related to GST.
This report from the World Bank provides an economic analysis of GST in India. It examines the potential impact of GST on economic growth, revenue generation, and tax compliance.
Provides a handbook for practitioners on the GST law in India, including the practical aspects of GST compliance and litigation. It valuable resource for professionals working in the field of GST.
Provides a tax audit guide on the GST law in India, including the audit procedures and checklists. It valuable resource for professionals working in the field of GST.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/liqixe/gst
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Effort
4 weeks of study, 3 hours/week
Level
Introductory
Via
Coursera
Institution
PwC India
Instructor
Tax Academy
Language
English
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This course belongs to a
collection
called
PwC GST Taxation Executive . It's comprised of seven courses:
Good to know
Taught by industry experts at Tax Academy, which is recognized for its work in tax and finance
Teaches foundational knowledge of GST law in India, which is highly relevant for jobs in finance, tax, or law
Covers the place of supply of goods or services, which is a key determinant of GST liability
Explores the time of supply of goods or services, which is essential for determining when GST is payable
Examines the computation of the value of supply, which forms the basis for calculating GST liability
Discusses the concept of reverse charge, where the GST liability shifts from the supplier to the recipient
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