Commentary on Revised Model GST Law
CA. Kashish Gupta
  • ISBN : 9789351394631
  • year : 2017
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Description Present indirect taxation structure in India, as on date, has witnessed a lot of demerits which hampers the process of equitable growth among Numerous flaws in our prevailing taxation structure like, cascading effect, different tax rates for a commodity, lack of relief on exports issuance of various forms and many others has made it just like lame man. Finally, the government has taken an initiative to overcome these inherent weaknesses and inconveniencies by introducing a tax reform, Goods and Services Tax (GST). GST will bring about a change in the tax system by redistributing the burden of taxation equitably between manufacturing activity and activity of service. GST will enable broadening of the tax base, which will further result in reduction in effective rate of tax. It will reduce distortions by applying the destination principle for levy of taxes. ............................................................................................................................ Contents PART A : INTRODUCTION Chapter 1 Introduction and Relevant Dates Chapter 2 Tax Nomenclature before and after GST PART B: CONSTITUTIONAL PROVISIONS AS TO LEGISLATION Chapter 3 Understanding Constitutional Scheme of Taxation Chapter 4 Enactment of Law by Passing Bills Chapter 5 Constitutional (One Hundred and First Amendment) Act, 2016 PARTC: LEVY AND COLLECTION OF INDIRECT TAXES Chapter 6 Levy and Collection of Indirect Taxes in India, Deemed Sales, Declared Services and Problems therein Faced by the Assessee Chapter 7 Levy and Collection of GST in India, Deemed Sales and Declared Services and Resolution of Problems Faced by the Assessee chapter 8 Person, Taxable Person and Registered Taxable Person INPUT TAX CREDIT Chapter 9 Input Tax Credit Chapter 10 Transitional Provisions relating to Input Tax Credit Chapter 11 Illustrations on GST Chapter 12 Advantages of GST PART D: UNDERSTANDING GST LAW - PART II BUSINESS PROCESSES Chapter 13 GST Registration Chapter 14 GST Tax Payment Chapter 15 GST Return Chapter 16 GST Refund Chapter 17 GST Tax Invoice Chapter 18 Role of IT Sector and .Upgradation of Software of Business Organizations Chapter 19 Treatment in Case of Sales/Purchase Return and Excess/Short Removal PART E : UNDERSTANDING GST LAW - PART III SPECIFIED PROVISIONS Chapter 20 CASUAL Taxable Person Chapter 21 Non-Resident Taxable Person Chapter 22 United Nations Organization Chapter 23 Composition Levy Chapter 24 Aggregator and E-Commerce Chapter 25 Tax Deduction at Source Chapter 26 IGST in Lieu of Additional Duties of Customs Chapter 27 Input Service Distributor PART F : ASSOCIATED THINGS Chapter 28 GST Council Chapter 29 Workings of Central Clearing Agency Chapter 30 GST Compliance Rating "A Control Measure for Defaulter Dealer" Chapter 31 Issue of Charge Back in Credit Card/Debit Card Payment Chapter 32 Electronic Cash Ledger, Electronic Credit Ledger and Tax Liability Ledger Chapter 33 A Note on Cess Applicability Chapter 34 Offences and Penalties Chapter 35 Miscellaneous Provisions of the Act Chapter 36 Miscellaneous Transitional Provisions Chapter 37 News on GST Since Parliamentary Monsoon Session (2015) ANNEXURES 1 Constitution (One Hundred and Fifteenth Amendment) Bill, 2011 2 Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 3 Constitution (One Hundred and First Amendment) Act, 2016 4 Notifications by Ministry of Finance 5 GST Payment Forms 6 GST Refund Forms 7 Draft Invoice Forms