Good and Services Tax, envisaged as the single biggest tax reform since independence, is aimed to remove tax barriers between states to create a single market. GST is going to replace plethora of indirect taxes currently imposed at various staged of manufacturing, trading, etc. The implementation of GST will help to create a common national market and reduce the cascading effect of taxes on the costing and pricing of goods and services. It will have a far reaching impact on almost all the realms of business operations in our country. It will impact tax structure, tax incidence, tax computation, supply chain optimization, credit availment and utilization, compliance etc., leading to a complete overhaul of the current indirect tax system in India.
This book is written in a simple language adhering to all the recent amendments made for the Assessment Year 2017-18. The rules are explained along with number of illustrations. The Book is helpful for all the students studying at UG courses.
Contents-
1. Introduction to Goods and Services Tax (GST)
2. GST ACTS: CGST, SGST ACT (Karnataka State), IEST ACT
3. Procedure And Levy Under GST
4. Assessment and Returns
5. GST And Technology
Skill Development
Model Question Papers
