Course

GST - Using input tax credit

PwC India

GST - Using input tax credit offers a deep dive into the utilization of input tax credit (ITC) in GST. This course covers key concepts, legal requirements, and practical challenges associated with availing and utilizing ITC. Learners will gain insights into reconciliation methodologies and the distribution of ITC by an Input Service Distributor (ISD).

The course content is structured to provide a thorough understanding of ITC, including its conditions and restrictions, critical analysis of tax availment, reversal scenarios, and compliance requirements for an ISD. Through comprehensive learning modules, participants will acquire the necessary technical knowledge and skills to navigate the complexities of GST law in India, making it an ideal choice for those aspiring for careers in finance, tax, or law.

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GST - Using input tax credit
Course Modules

GST - Using input tax credit offers a comprehensive learning experience divided into three modules. Module 1 explores availing and utilizing ITC, Module 2 focuses on reconciling ITC, and Module 3 delves into the distribution of ITC by an ISD.

Availing and utilising input tax credit

Module 1: Availing and utilizing input tax credit

  • Gain an in-depth understanding of the conditions and restrictions for availing ITC.
  • Explore the legal provisions and practical challenges associated with ITC reconciliation.
  • Grasp the key points for ITC reversal and compliance requirements.

Reconciling input tax credit

Module 2: Reconciling input tax credit

  • Learn the reconciliation methodologies and processes for analyzing vendor discrepancies.
  • Understand the legal provisions for availing ITC upon matching and explore relevant case studies.
  • Engage in hands-on projects to apply reconciliation concepts in practical scenarios.

Distributing input tax credits

Module 3: Distributing input tax credits

  • Gain insights into the concept of an Input Service Distributor (ISD) and its compliance requirements.
  • Understand the manner of ITC distribution by an ISD and the related legal provisions.
  • Participate in case studies and projects to comprehend the practical application of ISD registration and ITC distribution.
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