Goods and Services Tax – Law, Practice and Procedures

This edition has been thoroughly revised and updated in accordance with the provisions of the CGST/IGST/UTGST and GST (Compensation to States) Acts implemented from 1July, 2017 and covers Notifications, Rules issued thereafter upto 31 August, 2017. It comprehensively analyses the provisions of Indian GST Legislations as applicable from 1 July 2017. This book is a must read for every Tax Professional, Tax Lawyer and Tax Administrator. 

Salient Features:-

• Elucidates the basic concept of GST in a simplified and lucid manner
• Deeply analyses the provisions of CGST/IGST/UTGST and GST (Compensation to States) Acts, 2017
• Significantly covers the concept of Supply (Triggers Levy), Time of Supply (Point of Taxation), Place of Supply (Place of Consumption)
• Discusses Composition provisions, Valuation principles in line with the latest provisions and Rules
• Appropriate Guidance on Anti-Profiteering measures as provided in Section 171 of the CGST Act, 2017
• Discusses the procedures of GST like Registration, Return, Payment, Invoice and Refund in line with Rules
• Summarises the flow of seamless Input Tax Credit in line with Input Tax Credit provisions and the Rules
• Separate chapter on Transition provisions covering the relevant provisions and Rules for smooth transition
• 650 FAQs and 74 Illustrations are added at the end of relevant chapters providing practical guidance on the working of the laws