GST– A complete perspective- A comparative analysis of provisions under Indian GST Law with International best practices and OECD

Most of the international best practices with respect to GST/VAT have been captured in the International GST/VAT Guidelines published by the Organization of Economic Co-operation and Development (OECD). OECD is a forum where governments can compare various social, economic and political policy experiences, seek answers to common problems, identify good practices and work to co-ordinate domestic and international guidelines.This book is an exhaustive analysis and commentary on the GST structure implemented in India, based on the provisions of the Constitution (One Hundred and First Amendment) Act 2016, Central GST Act, 2017, Integrated Act, 2017, States’ GST Acts, 2017, Union Territory GST Act, 2017, GST (Compensation to the States) Act, 2017 and Rules made thereunder, rates, exemptions etc. respectively (cumulatively referred as GST Laws).Our GST does not work in isolation – it must align with international best practices and the way in which GST/ VAT works in other countries. This framework and comparison is useful in giving points of principle and direction as India’s GST system matures.It provides a comparative analysis of the Indian GST framework and the international best practices and principles of taxationdiscussed extensively in the OECD’s International GST/VAT Guidelines (‘OECD Guidelines’).The book also contains a special write-up on the role of information technology in GST implementation, which highlights the key areas upon which corporates and other industrial entities should focus, for making their internal systems GST compliant.
Key Features:
Exhaustive commentary on the GST structure implemented in India
Comparative analysis of the Indian GST framework with the international best practices (European Union, Canada, New Zealand, Australia, Malaysia & China)
Elucidation on principles of taxation discussed in OECD's International GST/ VAT Guidelines
Analysis of the provisions of CGST Act, 2017 and IGST Act, 2017 with corresponding CGST Rules, Anti-profiteering provisions and GST Compensation Cess Act
Detailed analysis of the transitional provisions
Highlighting role of technology in GST implementation