Law Relating to GST
A Comprehensive Subject wise Commentary on Law Relating to GST with GST Ready Reckoner
Goods and services tax is a revolution in indirect taxes in India. It is looked upon as growth engine for the economy. It replaces multiple taxes and multiple laws; shall add to uniformity throughout India. The present book is based upon four GST Acts, viz., the Central Goods and Services Tax Act, 2017; the Integrated Goods and Services Tax Act, 2017; the Union Territory Goods and Services Tax Act, 2017 and the Goods and Services Tax (Compensation to States) Act, 2017. The book also incorporates Rules and Notification(s) issued till 13th July, 2017. The book is divided in Four divisions. The book also comprises a Practice Manual that contains summarized charts that enable to understand GST law and compliances at a glance. First division relating to the Central Goods and Services Tax Act contains 34 chapters with detailed commentary on provisions of the CGST Act. Second division relating to the Integrated Goods and Services Tax Act contains 6 chapters with detailed commentary on provisions of the IGST Act. Third division relating to the Union Territory Goods and Services Tax Act contains 3 chapters with concise commentary on provisions of the UTGST Act. Fourth division gives the relevant brief outline of important provisions relating to the Goods and Services Tax (Compensation to States) Act, 2017. Relevant Notifications and Circulars have been placed in Appendix at end of book. I have tried my level best to give the correct interpretation of the law. Yet for a new and developing subject like GST, an otherwise interpretation is not uncommon and cannot be ruled out. I invite suggestions to remove the errors, if any, that may have crept in due to human reasons. I thank my friends and associates especially Mr. U.K. Bhargava, FCA, Aakanksha Saxena, FCA and Srijan Saxena, ACA for their contribution. I also express my gratitude to my publishers especially Shri Rakesh Bhargava.