GST - Genesis and imposition! from Coursera

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.

What's inside

Syllabus

Framework of GST

What is the genesis of GST in India? In this module, you will learn about the pre-GST indirect tax framework and the associated challenges faced by businesses leading to the introduction of GST in India. We shall then examine the framework of GST from a Constitutional and legislative perspective. This module will provide you with the background required to focus on the concepts and structures under the GST, which we will discuss in the subsequent courses.

Decoding the concept of supply - Part 1

GST, as you are aware, is levied on the ‘supply’ of goods and services. The three key terms are ‘supply’, ‘goods’ and ‘services’. The entire structure of GST revolves around these three terms. In this module, you will learn about the concept of supply as it is defined in the GST law. The term ‘supply’ has various elements, such as sale, barter and exchange, each of which will be analysed. The key definitions that are critical to determine the applicability of GST will also be covered.You will also explore different concepts under GST such as inter-State and intra-State supplies, exempt and non-GST supplies, and composite and mixed supplies. At the end, you should be able to identify a transaction or activity and determine whether the transaction qualifies as a ‘supply’ under GST.

Decoding the concept of supply - Part 2

GST, as you are aware, is levied on the ‘supply’ of goods and services. The three key terms are ‘supply’, ‘goods’ and ‘services’. The entire structure of GST revolves around these three terms. In this module, you will learn about the concept of supply as it is defined in the GST law. The term ‘supply’ has various elements, such as sale, barter and exchange, each of which will be analysed. The key definitions that are critical to determine the applicability of GST will also be covered. You will also explore different concepts under GST such as inter-State and intra-State supplies, exempt and non-GST supplies, and composite and mixed supplies. At the end, you should be able to identify a transaction or activity and determine whether the transaction qualifies as a ‘supply’ under GST.

Decoding the concept of supply - Part 3

GST, as you are aware, is levied on the ‘supply’ of goods and services. The three key terms are ‘supply’, ‘goods’ and ‘services’. The entire structure of GST revolves around these three terms. In this module, you will learn about the concept of supply as it is defined in the GST law. The term ‘supply’ has various elements, such as sale, barter and exchange, each of which will be analysed. The key definitions that are critical to determine the applicability of GST will also be covered. You will also explore different concepts under GST such as inter-State and intra-State supplies, exempt and non-GST supplies, and composite and mixed supplies. At the end, you should be able to identify a transaction or activity and determine whether the transaction qualifies as a ‘supply’ under GST.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Develops and strengthens foundational skills necessary for entry-level jobs in the finance, tax, or law fields

Provides a strong foundation for students interested in the GST law in India

Taught by experts in the field of taxation, the instructors bring a wealth of knowledge and experience to the course

Provides learners with a comprehensive overview of the GST framework in India

Teaches the concept of supply under GST, which is a key concept in understanding the applicability of GST

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 - Genesis and imposition! with these activities:

Review tax terms and concepts

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Brush up on foundational tax concepts to strengthen your understanding of GST

Browse courses on Taxation

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Review definitions of key tax terms, such as 'supply', 'goods', and 'services'
Understand the different types of taxes imposed under GST
Go through basic tax calculations and formulas

Create a mind map of GST concepts

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Organize and visualize your understanding of GST concepts to improve retention

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Identify the main GST concepts and their relationships
Create a visual representation using a mind mapping tool or software
Add notes and explanations to clarify your understanding

Explore online tutorials on GST registration and compliance

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Gain practical knowledge of GST registration and compliance procedures

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Find reputable online platforms or resources that provide GST tutorials
Follow the step-by-step instructions and guidance provided in the tutorials
Practice completing GST registration and compliance tasks virtually

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Develop a GST compliance plan for a hypothetical business

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Simulate real-world GST compliance responsibilities and enhance your practical understanding

Browse courses on GST Compliance

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Define the scope of the GST compliance plan
Identify the applicable GST laws and regulations
Develop procedures for GST registration, return filing, and record-keeping
Implement the GST compliance plan and monitor its effectiveness

Career center

Learners who complete GST - Genesis and imposition! will develop knowledge and skills that may be useful to these careers:

GST Auditor

GST Auditors are responsible for auditing GST returns and records. They may also be responsible for investigating GST fraud. This course may be useful for GST Auditors because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for GST Auditor

GST Consultant

GST Consultants provide advice and guidance to businesses on GST matters. They may also help businesses with GST compliance. This course may be useful for GST Consultants because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for GST Consultant

GST Practitioner

GST Practitioners are professionals who are authorized to represent taxpayers before the GST authorities. They may also provide advice and guidance on GST matters. This course may be useful for GST Practitioners because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for GST Practitioner

GST Officer

GST Officers are responsible for administering GST laws and regulations. They may also be responsible for providing guidance to taxpayers. This course may be useful for GST Officers because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for GST Officer

GST Inspector

GST Inspectors are responsible for enforcing GST laws and regulations. They may also be responsible for investigating tax fraud. This course may be useful for GST Inspectors because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for GST Inspector

Management Consultant

Management Consultants provide advice and guidance to businesses on management and operational issues. They may also help businesses with strategic planning and organizational change. This course may be useful for Management Consultants because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Management Consultant

Project Manager

Project Managers are responsible for planning, organizing, and executing projects. They may also be responsible for budgeting, staffing, and risk management. This course may be useful for Project Managers because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Project Manager

Financial Analyst

Financial Analysts use their knowledge of finance and economics to evaluate and recommend investments. They may also provide advice on financial planning and risk management. This course may be useful for Financial Analysts because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Financial Analyst

Operations Manager

Operations Managers are responsible for planning, organizing, and overseeing the day-to-day operations of an organization. They may also be responsible for budgeting, staffing, and quality control. This course may be useful for Operations Managers because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Operations Manager

Risk Manager

Risk Managers are responsible for identifying, assessing, and managing risks. They may also be responsible for developing and implementing risk management strategies. This course may be useful for Risk Managers because it provides a foundation in the fundamentals of India's GST.

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Tax Associate

Tax Associates may work for businesses, government agencies, or other organizations. They use their knowledge of tax laws to help organizations meet their tax obligations. They may also provide advice on tax planning and tax strategies. This course may be useful for Tax Associates because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Tax Associate

Tax Consultant

Tax Consultants provide advice and guidance to individuals and businesses on tax matters. They may also help clients with tax planning and tax preparation. This course may be useful for Tax Consultants because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Tax Consultant

Tax Auditor

Tax Auditors are responsible for examining financial records to ensure that organizations are complying with tax laws and regulations. They may also be responsible for identifying and preventing tax fraud. This course may be useful for Tax Auditors because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Tax Auditor

Tax Manager

Tax Managers are responsible for overseeing the tax function of an organization. They may be responsible for tax planning, tax compliance, and tax audits. This course may be useful for Tax Managers because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Tax Manager

Tax Accountant

Tax Accountants are responsible for preparing and filing tax returns, as well as providing tax advice to individuals and businesses. They must stay up-to-date on the latest tax laws and regulations. This course may be useful for Tax Accountants because it provides a foundation in the fundamentals of India's GST.

See salaries and explore the career path for Tax Accountant

GST - Genesis and imposition!

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