GST - Genesis and imposition! by Coursera
Course Highlights
- Explain the genesis of GST, the need for its introduction and the Constitutional and legal framework under which it was introduced.
- Identify and describe different forms of supplies of goods and services, deemed supplies and transactions excluded from the scope of supply.
- Differentiate various types of supplies and identify whether a supply is inter-State or intra-State, exempt or composite supply.
- Critically analyse whether a given transaction is a supply and define the nature of supply.
Skills you will learn!
Curriculum
26 Topics
Welcome to GST Taxation Executive Professional Certificate
Introduction to the course: GST - Genesis and imposition!
Introduction to the module: Framework of GST
Pre-GST regime: Constitutional backdrop
Pre-GST regime: Framework of taxes
The advent of GST: An introduction
The advent of GST: Implementation
Dual tax model
Utilisation of input tax credit
A few key concepts
Global perspective – a comparison
Key takeaways
Program description and course syllabus
GST in India
Role of a GST professional
Helpful tips to get started
Constitutional Framework: Pre-GST
Historical framework of indirect taxes and its challenges
Formation of the GST Council
Benefits of GST and taxes subsumed
CBIC FAQ on dual GST model
Order of utilisation of input tax credit
CBIC extracts explaining key concepts
International perspective on GST
Graded assessment: Framework of GST
Meet and Greet
27 Topics
Introduction to the module
What is supply?
Decoding the terms ‘goods’ and ‘services’
Forms of supply?
What is consideration?
What is business?
Import of services
Definition of supply and its coverage
Legal provisions - definition of 'goods and 'services'
Advance ruling - M/s Krishna Institute of Medical Sciences Limited
GST on lottery as 'actionable claim'
Definition of different forms of supply
Definition of consideration
AAR - M/s. Kothari Sugars and Chemicals Limited
Definition of business
AAR - M/s. National Institute of Bank Management
Legal provisions - Import of services
AAR - M/s. The World Economic Forum India LO
Graded assessment: Decoding the concept of supply - Part 1
Check if these constitute supply
Applicability of GST on derivative transactions
GST on related party transactions
GST on loan sanction fee payment
GST on high seas sales
GST on land transfer charges
Check if these constitute supply
Test your knowledge - Import of services
23 Topics
Transactions treated as a supply even if made without a consideration – Part 1
Transactions treated as a supply even if made without a consideration – Part 2
Transactions deemed to be treated as supply of goods or supply of services – Part 1
Transactions deemed to be treated as supply of goods or supply of services – Part 2
Transactions deemed to be treated as supply of goods or supply of services – Part 3
Transactions excluded from the scope of supply – Part 1
Transactions excluded from the scope of supply – Part 2
Illustration
Legal provisions - Transactions treated as supply even if made without consideration
AAR - M/s. Rajashri Foods Pvt. Ltd.
Applicability of GST on gifts
CBIC Clarification: Principal agent relationship
Legal provisions - Transactions deemed to be treated as supply of goods or supply of services
AAR - Cosmic Ferro Alloys Limited
Legal provisions - Transactions deemed to be treated as supply of goods or supply of services
Forfeiture of earnest money deposit and liquidated damages
AAR - Airports Authority of India
Legal provisions - Transactions excluded from the scope of supply
AAR - M/S. Kothari Sugars and Chemicals Limited
GST on consideration paid to directors
Case laws covered in the video (optional)
Mechanics of charging IGST on goods supplied from CBW
Graded assessment: Decoding the concept of supply - Part 2
19 Topics
Concept of inter-State and intra-State supplies
Types of supply
Aggregate turnover: Computation and relevance
Composite and mixed supply
Judicial interpretation
Key takeaways
Legal provisions - Inter-State and Intra-State supplies
Legal provisions - Types of supplies
SC ruling - M/s. Mohit Minerals Pvt. Ltd.
AAAR - M/s NB Patil
Legal provisions - Computation and relevance of aggregate turnover
AAR - M/s Anil Kumar Agrawal
Legal provisions - Composite and mixed supply
AAR - M/s Be Well Hospitals Private Limited
AAR - M/s Healersark Resources Private Limited
Gujarat HC ruling - Torrent Power Ltd.
Judicial interpretation - Rulings (optional)
Graded assessment: Decoding the concept of supply - Part 3
Decoding the concept of supply: Hands-on-project
GST - Genesis and imposition!
Related Goods and Services Tax Courses
Thank You!
Your review has been submitted successfully.