Este curso forma parte de Certificado profesional de Ejecutivo de impuestos GST de PwC

Tax Academy

Ofrecido Por

Certificado profesional de Ejecutivo de impuestos GST de PwC PwC India

Acerca de este Curso

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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.

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.

Certificado para compartir

Obtén un certificado al finalizar

100 % en línea

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Curso 3 de 7 en

Certificado profesional de Ejecutivo de impuestos GST de PwC

Nivel principiante

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

Aprox. 9 horas para completar

Inglés (English)

Qué aprenderás

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.

Habilidades que obtendrás

Credit reconciliation
Credit distribution
Problem Solving
Input tax credit
Interpretation

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.

Certificado para compartir

Obtén un certificado al finalizar

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Curso 3 de 7 en

Certificado profesional de Ejecutivo de impuestos GST de PwC

Nivel principiante

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

Aprox. 9 horas para completar

Inglés (English)

Instructor

Tax Academy

An initiative by PwC Academy

2148 alumnos

7 cursos

Ofrecido por

PwC India

Programa - Qué aprenderás en este curso

Semana1

Semana 1

4 horas para completar

Availing and utilising input tax credit

4 horas para completar

10 videos (Total 53 minutos), 21 lecturas, 1 cuestionario

10 videos

Welcome to GST Taxation Executive Professional Certificate1mIntroduction to the course: GST - Using input tax credit1mIntroduction to the module2mWhat is ITC: Overview and conditions for availment5mWhat are the restrictions on availment of ITC10mWhat is the manner of availment of ITC5mReversal of ITC 11mITC - Key points to consider - Part 18mITC - Key points to consider - Part 24mKey takeaways1m

21 lecturas

Program description and course syllabus5mGST in India15mRole of a GST professional10mHelpful tips to get started5mLegal provisions - Overview of ITC3mLegal provisions - Conditions for availment of ITC10mCBIC Circular on availment of ITC2mCBIC GST FAQs - Relevant extracts 3mLegal provisions - Restrictions on availment of ITC5mCBIC GST FAQs - Relevant extracts 2mPwC News Flash - Safari Retreats & ARS Steels15mAAAR - M/s SHV Energy Pvt. Ltd.5mAAAR - M/s CMS Info Systems Limited5mManner of availment and reversal of ITC 30mCBIC GST FAQs - Relevant extracts2mReversal of ITC25mCBIC GST FAQs - Relevant extracts2mLegal provisions - Matching of ITC2mCircular - Transactions involving fake invoices2mGujarat High Court on Rule 86A of the CGST Rules10mNotifications amending key provisions on ITC restriction5m

1 ejercicio de práctica

Graded assessment - Input tax credit15m

Semana2

Semana 2

2 horas para completar

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 horas para completar

9 videos (Total 43 minutos), 10 lecturas, 2 cuestionarios

9 videos

Introduction to the module2mIntroduction and background5mInvoice-level matching under GST – Procedure7mReconciliation methodologies7mAnalysing vendor reconciliation mismatches4mAnalysing vendor reconciliation issues - Part 15mAnalysing vendor reconciliation issues - Part 22mCredit reconciliation - Key points to consider 3mKey takeaways3m

10 lecturas

Legal provisions - Availment of ITC upon matching15mFAQs and process manual - GSTR-2A (optional)Relevant CBIC Circulars2mRe-opening of GSTN portal for transition credit forms5mReconciliation Process5mUser manual GSTR-2B (optional)HC Ruling - M/s D.Y. Beathel Enterprises5mHC Ruling - M/s Bharat Aluminium Company Limited5mHC Ruling - M/s LGW Industries Limited5mM/s Progressive Stone Works vs The Joint Commissioner5m

2 ejercicios de práctica

Vendor reconciliation issues: Hands-on-project20mGraded assessment - Reconciling input tax credit15m

Semana3

Semana 3

4 horas para completar

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 horas para completar

9 videos (Total 54 minutos), 13 lecturas, 2 cuestionarios

9 videos

Introduction to the module3mConcept of input service distributor - Part 15mConcept of input service distributor - Part 24mManner of distribution of ITC by ISD8mCompliance requirements for an ISD - Part 15mCompliance requirements for an ISD - Part 26mITC reconciliation - invoice matching - Part 113mITC reconciliation - invoice matching - Part 25mKey takeaways1m

13 lecturas

Legal provisions - Concept of Input service distributor3mCBIC GST FAQs - Relevant extracts5mCBIC GST FAQs - Relevant extracts3mOrissa HC - M/s JSW Steel Ltd. 5mAAAR - M/s Cummins India Limited15mAAR - M/s Tata Sia Airlines Ltd.5mLegal provisions - ITC distribution by ISD15mCBIC GST FAQs - Relevant extracts5mLegal provisions - Compliance requirements for an ISD5mLegal provisions - Key points ISD return30mCBIC GST FAQs - Relevant extracts5mLegal provisions - ITC matching10mRule 36 of the CGST Rules and related notifications10m

2 ejercicios de práctica

Graded assessment - Input service distributor15mHands-on-project: Distribution of ITC among branches under ISD 10m

Acerca de Certificado profesional de Ejecutivo de impuestos GST de PwC

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.

Preguntas Frecuentes

¿Cuándo podré acceder a las lecciones y tareas?
El acceso a las clases y las asignaciones depende del tipo de inscripción que tengas. Si tomas un curso en modo de oyente, verás la mayoría de los materiales del curso en forma gratuita. Para acceder a asignaciones calificadas y obtener un certificado, deberás comprar la experiencia de Certificado, ya sea durante o después de participar como oyente. Si no ves la opción de oyente:
es posible que el curso no ofrezca la opción de participar como oyente. En cambio, puedes intentar con una Prueba gratis o postularte para recibir ayuda económica.
Es posible que el curso ofrezca la opción 'Curso completo, sin certificado'. Esta opción te permite ver todos los materiales del curso, enviar las evaluaciones requeridas y obtener una calificación final. También significa que no podrás comprar una experiencia de Certificado.
¿Qué recibiré si me suscribo a este Certificado?
Cuando te inscribes en un curso, obtienes acceso a todos los cursos del Certificado y te darán un certificado cuando completes el trabajo. Se añadirá tu Certificado electrónico a la página Logros. Desde allí, puedes imprimir tu Certificado o añadirlo a tu perfil de LinkedIn. Si solo quieres leer y visualizar el contenido del curso, puedes auditar el curso sin costo.
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

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Qué aprenderás

Habilidades que obtendrás