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GST The Essentials of Goods and Services Tax

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Reforms are a continuous process. This is particularly true in case of indirect taxes which have a close link with the general economy. The process of key reforms and liberalization started way back in 1986 with introduction of MODVAT and has continued since then. The introduction of Goods and Services Tax (GST) will indeed be an important perfection and next logical step towards a widespread indirect Tax reform in India.

GST – The Essentials of Goods and Service Tax is handbook covering provisions under Model GST Law (MGL). The book traces the evolution of indirect taxes, its shortcomings, road map to GST, concepts related to GST, taxes which are subsumed and not subsmed, comparison of present tax regime with GST regime, impact of GST on various sectors, computation of GST, GST Governance – role of Taxes Departments, procedural aspects of GST such as registration, payment, returns, appeals etc. This book also covers the important aspects of Model GST law and the important decisions taken up by GST Council Meetings relating to the core functions of taxation in a simplified manner.

It is not a commentary but a complete guide for the tax professionals, departmental officers, industry professionals, tax consultants, traders, academicians, research scholars, students and as well as the beginners who are looking forward to know more about GST. It also serves as a guide to tax payers and prepares them for smooth transition from present regime.

 

Contents –

1. GST – An Insight to Indirect Tax
2. Definitions
3. Administration
4. Levy, Exemptions and Collections from Tax
5. Scope, Time and Value of Supply
6. Place of Supply of Goods and Services
7. Input Tax Credit
8. Transfer of Input Tax Credit
9. Registration
10. Tax Invoice, Credit and Debit Notes
11. Returns
12. Payment of Tax
13. Refunds
14. Accounts and Records
15. Assessment
16. Appeals and Revision
17. Audit
18. Inspection, Search, Seizure and Arrest
19. Offences and Penalties
20. Prosecution and Compounding of Offences

ISBN

Year of publication

2023

Edition

First

Pages

218

Weight

302 (In Grams)

Book Code

Library Dollar Price

40

Type

Author

Dr. Jaya Jacob M.,

Dr. Thomas Joseph Thoomkuzhy,

Ms. Chinnu Mariam Chacko

Publisher

Himalaya pub