This one-hour micro-credential course offers a comprehensive introduction to the Goods and Services Tax (GST), designed for individuals seeking to grasp the foundational concepts of this significant tax reform. The course includes three videos, a reference reading material, and the assessment carried out through multiple choice questions. By enrolling in the course, the participants will explore the distinctions between direct and indirect tax structures and gain a detailed understanding of the varied aspects of GST that have transformed the Indian tax landscape.
The objective of the course is to provide an understanding of the essential components of GST such as Input Tax Credit (ITC), the cascading effect of taxes, threshold limits for GST registration, annual aggregate turnover, and the reverse charge mechanism. Furthermore, participants will learn how to decide the place, time, and value of goods under GST. The course concludes with a short reference reading of material detailing exemptions under GST. At the end, there is an assessment through a quiz with multiple choice questions on the topics discussed in the videos and the reference reading. The candidate becomes eligible for the course completion certificate upon obtaining the cut-off score on the quiz. This course is ideal for all candidates from all backgrounds who wish to get basic knowledge of GST, especially those who want to start preparing themselves to make a career in the areas of finance, tax, and compliance.