This is a useful guide on GST for taxpayers, tax executives, professionals (CAs, CSs, CWAs and Advocates etc.) and Revenue Officers. It comprehensively covers proposed GST in over 1400 FAQs, explaining the entire concept of GST with 360 degree overview. The concept of new levy, charge, valuation, supply, Central GST (CGST), State GST (SGST) and Integrated GST (IGST), Input Tax Credit, invoices, refunds and other procedural aspects have been explained in an easy to understand FAQ format from the author's practical lens and experience. The FAQs have been discussed topic-wise, spread over 46 chapters, covering the entire Model GST Law, draft Rules and other guidelines.
Entire GST Model law explained in Q&A format with all possible queries;
? Reader friendly presentation of topics with illustrations, flow charts and practical examples;
? In depth discussion on GST models, taxes to be subsumed/not subsumed, new concepts, Ecommerce taxation, GSTN, composition levy etc.
? Covers analysis on CGST/SGST/IGST provisions;
? Includes a comprehensive chapter on the Constitutional (101st Amendment) Act, 2016;
? Up to date questions based on Model Law, Draft Rules and Guidelines (i.e. registration, payment, returns, refunds, invoices) released till 15 November 2016.