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.
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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.
Course 4 of 7 in the PwC GST Taxation Executive Professional Certificate.
What You Will Learn
- Determine when and where to obtain GST registration.
- Identify the circumstances generating a need for the amendment or cancellation of registration.
- Understand the process to obtain GST registration on the government portal, including the documentation required.
- Identify the need for filing various returns and the process of preparation of GST returns, including the data and reporting requirements.
Syllabus
WEEK 1
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.
WEEK 2
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.
WEEK 3
Filing returns – Part 2
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.
WEEK 4
Filing returns – Part 3
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.
