Этот курс входит в специализацию ''Профессиональная сертификация 'PwC GST Taxation Executive ''

Tax Academy

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Профессиональная сертификация 'PwC GST Taxation Executive 'PwC India

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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.

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Курс 3 из 7 в программе

Профессиональная сертификация 'PwC GST Taxation Executive '

Начальный уровень

Learner should be familiar with basic numeric calculations, MS Excel skills, and accounting principles.

Прибл. 10 часов на выполнение

Английский

Чему вы научитесь

Define and explain the key concepts for the availment and utilisation of input tax credit.
Critically analyse whether tax paid on purchases can be availed as input tax credit.
Examine whether or when input tax credit availed needs to be reversed and the reasons thereof.
Distribute the tax appropriately through an ISD and undertake the necessary compliances.

Приобретаемые навыки

Credit reconciliation
Credit distribution
Problem Solving
Input tax credit
Interpretation

Гибкие сроки

Назначьте сроки сдачи в соответствии со своим графиком.

Сертификат, ссылками на который можно делиться с другими людьми

Получите сертификат по завершении

100% онлайн

Начните сейчас и учитесь по собственному графику.

Курс 3 из 7 в программе

Профессиональная сертификация 'PwC GST Taxation Executive '

Начальный уровень

Learner should be familiar with basic numeric calculations, MS Excel skills, and accounting principles.

Прибл. 10 часов на выполнение

Английский

Преподаватели

Tax Academy

An initiative by PwC Academy

1 350 учащихся

7 курсов

от партнера

PwC India

Программа курса: что вы изучите

Неделя

Неделя 1

4 ч. на завершение

Availing and utilising input tax credit

4 ч. на завершение

10 видео ((всего 53 мин.)), 21 материалов для самостоятельного изучения, 1 тест

10 видео

Welcome to GST Taxation Executive Professional Certificate1мин

Introduction to the course: GST - Using input tax credit1мин

Introduction to the module2мин

What is ITC: Overview and conditions for availment5мин

What are the restrictions on availment of ITC10мин

What is the manner of availment of ITC5мин

Reversal of ITC 11мин

ITC - Key points to consider - Part 18мин

ITC - Key points to consider - Part 24мин

Key takeaways1мин

21 материал для самостоятельного изучения

Program description and course syllabus5мин

GST in India15мин

Role of a GST professional10мин

Helpful tips to get started5мин

Legal provisions - Overview of ITC3мин

Legal provisions - Conditions for availment of ITC10мин

CBIC Circular on availment of ITC2мин

CBIC GST FAQs - Relevant extracts 3мин

Legal provisions - Restrictions on availment of ITC5мин

CBIC GST FAQs - Relevant extracts 2мин

PwC News Flash - Safari Retreats & ARS Steels15мин

AAAR - M/s SHV Energy Pvt. Ltd.5мин

AAAR - M/s CMS Info Systems Limited5мин

Manner of availment and reversal of ITC 30мин

CBIC GST FAQs - Relevant extracts2мин

Reversal of ITC25мин

CBIC GST FAQs - Relevant extracts2мин

Legal provisions - Matching of ITC2мин

Circular - Transactions involving fake invoices2мин

Gujarat High Court on Rule 86A of the CGST Rules10мин

Notifications amending key provisions on ITC restriction5мин

1 практическое упражнение

Graded assessment - Input tax credit15мин

Неделя

Неделя 2

2 ч. на завершение

Reconciling input tax credit

One of the key challenges of the erstwhile tax regime was that the levy of taxes had a cascading effect. In the GST regime, this was sought to be remedied by allowing input tax credit, commonly known as ITC, on procurements. In the module on ITC, you would have learnt that ITC can only be availed if the supplier has furnished the details of the invoice in their statement of outward supplies and has paid the tax to the Government.

2 ч. на завершение

9 видео ((всего 43 мин.)), 10 материалов для самостоятельного изучения, 2 тестов

9 видео

Introduction to the module2мин

Introduction and background5мин

Invoice-level matching under GST – Procedure7мин

Reconciliation methodologies7мин

Analysing vendor reconciliation mismatches4мин

Analysing vendor reconciliation issues - Part 15мин

Analysing vendor reconciliation issues - Part 22мин

Credit reconciliation - Key points to consider 3мин

Key takeaways3мин

10 материалов для самостоятельного изучения

Legal provisions - Availment of ITC upon matching15мин

FAQs and process manual - GSTR-2A (optional)

Relevant CBIC Circulars2мин

Re-opening of GSTN portal for transition credit forms5мин

Reconciliation Process5мин

User manual GSTR-2B (optional)

HC Ruling - M/s D.Y. Beathel Enterprises5мин

HC Ruling - M/s Bharat Aluminium Company Limited5мин

HC Ruling - M/s LGW Industries Limited5мин

M/s Progressive Stone Works vs The Joint Commissioner5мин

2 практических упражнения

Vendor reconciliation issues: Hands-on-project20мин

Graded assessment - Reconciling input tax credit15мин

Неделя

Неделя 3

4 ч. на завершение

Distributing input tax credits

An input service distributor or ISD is a facility made available to businesses to distribute the tax paid on input services from a centralised location. By using this mechanism, a manufacturer could transfer the credit of service tax on services availed at the head office to its factories where the manufacturer had output excise liability. In this module, you will learn what an ISD is, the manner of distribution of tax, the compliance requirements and the process of reconciliation prior to tax distribution.

4 ч. на завершение

9 видео ((всего 54 мин.)), 13 материалов для самостоятельного изучения, 2 тестов

9 видео

Introduction to the module3мин

Concept of input service distributor - Part 15мин

Concept of input service distributor - Part 24мин

Manner of distribution of ITC by ISD8мин

Compliance requirements for an ISD - Part 15мин

Compliance requirements for an ISD - Part 26мин

ITC reconciliation - invoice matching - Part 113мин

ITC reconciliation - invoice matching - Part 25мин

Key takeaways1мин

13 материалов для самостоятельного изучения

Legal provisions - Concept of Input service distributor3мин

CBIC GST FAQs - Relevant extracts5мин

CBIC GST FAQs - Relevant extracts3мин

Orissa HC - M/s JSW Steel Ltd. 5мин

AAAR - M/s Cummins India Limited15мин

AAR - M/s Tata Sia Airlines Ltd.5мин

Legal provisions - ITC distribution by ISD15мин

CBIC GST FAQs - Relevant extracts5мин

Legal provisions - Compliance requirements for an ISD5мин

Legal provisions - Key points ISD return30мин

CBIC GST FAQs - Relevant extracts5мин

Legal provisions - ITC matching10мин

Rule 36 of the CGST Rules and related notifications10мин

2 практических упражнения

Graded assessment - Input service distributor15мин

Hands-on-project: Distribution of ITC among branches under ISD 10мин

Профессиональная сертификация 'PwC GST Taxation Executive ': общие сведения

Want to start a new career as a GST professional in India or want to enhance your GST knowledge as an accountant or Tax executive? Goods and Services Tax(GST) specialists are in high demand as companies seek individuals with expertise to help them implement and comply with this landmark tax reform. They are responsible for preparing and filing tax returns, preparing payments, identifying tax savings, and analyzing tax issues.

Designed by PwC India, this program will help you gain in-demand skills in the field of GST. You’ll learn about India's GST landscape and fundamentals, understand GST compliances, how and when to apply GST, and how to undertake GST compliances and file returns. You’ll gain practical knowledge of GST and apply your new skills to real world scenarios by examining actual transactions and case studies. Upon completion, you will earn a Professional Certificate from PwC India and will have job-ready skills for entry level GST jobs in India. This is an industry-agnostic program relevant to anyone looking to acquire basic knowledge of India GST. Learners can sharpen their skills in specific GST areas such as technical aspects, compliances, and tax dispute resolution. To be successful, it will be helpful to be familiar with basic Excel, basic arithmetic formulas, and the concepts of purchase, sale, receipts, and payments.

Часто задаваемые вопросы

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Certificate?
When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
How do I obtain the course certificate?
Upon successful completion of each course, you will be eligible for that respective course completion certificate. To obtain the PwC - India GST professional certificate you must complete all seven courses.
Who is this program for?
This program is industry agnostic and would be relevant for anyone looking to acquire basic knowledge of GST.
What background knowledge is necessary?
Learner should be familiar with basic numeric calculations, MS Excel skills, and accounting principles.
Do I need to take the courses in a specific order?
Yes, it is recommended that you take the courses in the specific order from one to seven.
What will I be able to do upon completing the specialization?
It will provide you with the skills required for entry and mid-level jobs in the fields of finance, tax and law.

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GST - Using input tax credit

Об этом курсе

Чему вы научитесь

Приобретаемые навыки