This course is part of the PwC GST Taxation Executive Professional Certificate

Tax Academy

Offered By

PwC GST Taxation Executive Professional CertificatePwC India

About this Course

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GST, being a transaction-level tax, requires certain documentation to be generated and maintained to comply with the law and curb malpractices. GST also has a stringent requirement for the maintenance of appropriate accounts and records. In this course, you will learn about E-invoices and E-waybills required to be generated at a transaction level. You will also learn about the accounts and records that are required to be maintained by businesses.
This course provides a platform for learners planning to launch their careers in the field of GST-related compliance in India. Learners already undertaking GST compliances may also upskill themselves with the technical skills imparted under this course. 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:
- the applicability of e-invoicing 
- e-invoicing process flow, including the generation of the unique reference numbers and QR code 
- the provisions related to e-way bills, their generation, validity, cancellation ,and rejection
- the need, procedure, and practical challenge in e-way bill reconciliation
- types of statutory accounts and records to be maintained under GST
- key performance indicators of an organization that are important from a GST perspective and the MIS reports required.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 6 of 7 in the

PwC GST Taxation Executive Professional Certificate

Beginner Level

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

Approx. 10 hours to complete

English

Skills you will gain

Data Collection
GST Compliances
E-invoicing & E-way bill
GST Reconciliation

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 6 of 7 in the

PwC GST Taxation Executive Professional Certificate

Beginner Level

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

Approx. 10 hours to complete

English

Instructor

Tax Academy

An initiative by PwC Academy

2,038 Learners

7 Courses

Offered by

PwC India

Syllabus - What you will learn from this course

Week1

Week 1

3 hours to complete

Understanding e-invoicing

‘E-invoicing’ or ‘electronic invoicing’ is a system in which the specified type of documents generated by the taxpayer are electronically reported to and authenticated by the designated government portal. In this module, you will learn the applicability and procedure related to the generation of e-invoice for different types of taxpayers and transactions. You will also learn the process flow of e-invoicing, the steps involved in the generation of the IRN and QR code, and the aspects related to the printing and issue of invoices to the customers.

3 hours to complete

9 videos (Total 41 min), 9 readings, 1 quiz

9 videos

Welcome to GST Taxation Executive Professional Certificate1mIntroduction to the course: GST - Maintaining documents, accounts and records1mIntroduction to the module2mWhat is e-invoicing?8mE-invoicing process – Part 15mE-invoicing process – Part 26mE-invoicing process – Part 37mAdvantages and challenges of e-invoicing5mKey takeaways1m

9 readings

Program description and course syllabus5mGST in India15mRole of a GST professional10mHelpful tips to get started5mLegal provisions – E-invoicing applicability10mNotifications – E-invoicing applicability20mLegal provisions – E-invoicing particulars15mE-invoice schema20mE-invoicing by E-commerce operators2m

1 practice exercise

Graded assessment: Understanding E-invoicing 15m

Week2

Week 2

5 hours to complete

Preparing and reconciling e-way bills

An e-way bill is a document required for the movement of goods from one place to another. The e-way bill number is a unique number made available to the supplier, the recipient, the transporter and to government officials, to identify the genuineness of the movement of goods. In this module, you will learn what is an e-way bill, when it is needed, who can generate e-way bill, what documents are required for generating the e-way bill, the validity of the e-way bill as well as how it can be cancelled or rejected. In the later part of the module, you will learn about e-way bill reconciliation. E-way bill reconciliation is a process to reconcile e-way bills against the invoices raised. This helps reduce the incidence of fraud or fake invoicing and improves overall compliance. We will explain the framework of e-way bill reconciliation and take you through the entire reconciliation process. We shall also discuss various issues that come up during such process of reconciliation.

5 hours to complete

17 videos (Total 105 min), 18 readings, 3 quizzes

17 videos

Introduction to the module2mOverview of an e-way bill - Part 15mOverview of an e-way bill - Part 27mE-way bill: Other key aspects6mDetention and confiscation of goods in transit – Part I7mDetention and confiscation of goods in transit – Part II11mE-way bill portal4mE-way bill for typical transactions7mJudicial interpretation11mKey takeaways3mIntroduction to reconciling e-way bills2mE-way bill reconciliation – Legal requirements5mReconciliation process Part-16mReconciliation process Part-28mReconciliation process Part-34mE-way bill reconciliation – Other aspects8mKey takeaways1m

18 readings

Legal provisions30mJob work issues2mClarification regarding E-way bill system5mForm for generation of E-way bills2mLegal provisions – E-way bill exemptions7mLegal provisions – Obligations of transporter5mClarifications on E-way bill generation40mLegal provisions – Inspection, detention and seizure of goods in transit15mCircular – Detention of goods5mE-way bill forms5mBlocking of facility for e-way bill generation5mClarifications – Other aspects of e-way bill generation2mGujarat HC Ruling - M/s Panchhi Traders5mKerala HC Ruling - Sabitha Riyaz2mKerala HC Ruling - Umiya Enterprise5mAppellate Authority Decision - M/s Bhushan Power Steel Ltd5mAllahabad HC Ruling - VSL Alloys (India) Pvt. Ltd.5mMadhya Pradesh HC Ruling - Gati Kintetsu Express Limited5m

3 practice exercises

Graded assessment: Preparing e-way bills20mHands-on-project: E-way bill reconciliation1mGraded assessment: Reconciling e-waybills15m

Week3

Week 3

3 hours to complete

Maintaining statutory accounts and records

The words ‘accounts’ and ‘records’ are not separately defined under the GST law. The law has a common standard (subject to a few exceptions) in relation to maintenance of books of accounts, irrespective of the type of industry, nature of the product or the size of the operations. The maintenance of timely accounts and records plays a pivotal role in undertaking monthly or annual compliances under GST. In this module, you will learn the accounts and records required to be maintained by a taxpayer under the GST law. We shall also discuss some of the key performance indicators of an organization that are important for management from a GST perspective, the MIS reports which are required for obtaining data pertaining to such KPI's.

3 hours to complete

11 videos (Total 52 min), 8 readings, 1 quiz

11 videos

Introduction to the module2mAccounts and records – Overview2mAccounts and records – Where to maintain6mAccounts and records – What to maintain – Part 15mAccounts and records – What to maintain – Part 24mAccounts and records – How to maintain2mAccounts and records – How long to maintain2mAccounts and records – Consequences of non-compliance5mAccounts and records – Particulars to be mentioned in documents11mKey takeaways2mImportance of MIS6m

8 readings

Legal provisions15mLegal provisions - Where to maintain accounts and records5mCirculars - Maintenance of accounts by principal or auctioneer of tea, coffee, etc.2mLegal provisions - List of records to be maintained20mLegal provisions - Mode of maintenance of records5mLegal provisions - Period of retention of accounts3mPenalty and prosecution provisions20mLegal provisions – Mandatory particulars1h

1 practice exercise

Graded assessment: Maintaining statutory accounts and records20m

About the PwC GST Taxation Executive Professional Certificate

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.

Frequently Asked Questions

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 in India.
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.

More questions? Visit the Learner Help Center.

GST - Maintaining documents, accounts and records

About this Course

Skills you will gain