GST Concepts For All Bishal Kumar Agarwal, CS Vikas Aggarwal Laxmi Publications

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Considering that, we have decided to come up with a ‘GST Concepts For All’ which has been specifically written with our best and joint efforts to provide our esteemed readers the knowledge of provisions pertaining to services i.e., Levy and Exemption, Input Service distributor, Registration, Time and Place of Supply, Valuation, Input Tax Credit, and Job Work etc. in a very simple and easy way to comprehend the language. We have tried to explain all the necessary provisions of GST towards common man, business, and government (such as CGST (Central GST) and SGST (State GST)) and its related rules & regulations as an ornamental way. The book starts from the basics and goes on to deal with GST and its implications in our nation considering some of the real-life aspects and situations.
Additional Info
  • Publisher: Laxmi Publications
  • Language: English
  • ISBN : 978-93-5274-359-9
  • Chapter 1


    This document contains the content table for the book GST Concepts for All.

  • Chapter 2

    Preface to GST Concepts for All

     GST is a huge reform for indirect taxation in India which got implemented from 1st July-2017, the likes of which the country has not seen in postIndependence era. The nation has made this major shift for smooth and better streamlining of indirect taxation system of India. 

  • Chapter 3

    Chapter 1 GST in India- An Introduction Price 0.11  |  0.11 Rewards Points

    The framework for levy of indirect taxes under the Constitutional provisions in India vide Article 246, Seventh Schedule empowers both the Central Government and the State Governments to levy and collect applicable taxable-event based indirect taxes on transactions of goods and/or services. The taxable event varies from the point of manufacture or sale or provision of services or imports/exports. The existing indirect tax laws are origin-based tax, structured to levy and collect at the point of happening of the prescribed taxable event

  • Chapter 4

    Chapter 2 Registrations Under GST Price 0.11  |  0.11 Rewards Points

    Under any taxation system, registration is the most fundamental requirement for identification of tax payers ensuring tax compliance in the economy. Under indirect tax regime, without registration, a person can neither collect tax from his customers nor claim any credit of tax paid by him.

  • Chapter 5

    Chapter 3 Chargeability of GST Price 0.11  |  0.11 Rewards Points

    Article 246A of the Constitution, which was introduced by the Constitution (101st Amendment) Act, 2016 confers concurrent powers to both, Parliament and State Legislatures to make laws with respect to GST. Further, the Parliament has been given exclusive power to legislate matters with respect to inter-state trade or commerce. The GST related provisions will extend to the whole of India. 

  • Chapter 6

    Chapter 4 Time of Supply Price 0.11  |  0.11 Rewards Points

    The liability to pay goods and service tax arises only when there’s a supply of goods or services. The time of supply fixes the point when a supply is deemed to have been made. The tax rates, exchange rate, exemptions and abatements keep changing from time-totime. It is thus necessary to know the precise date and time when the charging event takes effect. This in tax parlance is known as time of supply.

  • Chapter 7

    Chapter 5 Place of Supply Price 0.11  |  0.11 Rewards Points

    GST is primarily a destination-based consumption tax though there are occasions where it can be origin-based or the place of origin and destination may be same. The principle of “destination based consumption tax” is a guiding factor for determining the place of supply of services under various circumstance. Thus the place of supply would be in most cases fixed at the place where the services are destined (not easy to do so). While for goods determination of place of supply is relatively easier, it is difficult for services considering the intangible nature of services. Elaborate rules have been made for determining place of supply of goods and services based on the nature of supplies.

  • Chapter 8

    Chapter 6 Valuation of Supply Under GST Price 0.11  |  0.11 Rewards Points

    Section 15 of the CGST Act, 2017 provides for value of taxable supply. Value of supply is transaction value i.e., price paid or payable for the supply provided the supplier and the recipient are not related to each other and price is the sole consideration. 

  • Chapter 9

    Chapter 7 Input Tax Credit TDS Price 0.11  |  0.11 Rewards Points

    This is the most common word with which we associate present day taxation system. Lesser the cascading effect of taxes, better is the taxation system. In an ideal taxation system, taxes never form part of cost of the product, until the goods or services reach the final consumer. This is possible only when credit of any taxes paid in the course of business, by the recipient of goods or services is allowed to him. Thus, entire taxes paid by him are set off against his output tax liability and there is no cascading impact of taxes.

  • Chapter 10

    Chapter 8 Job Work Under GST Price 0.11  |  0.11 Rewards Points

    Thus, Job work (inputs/Semi-finished/Finished goods) means undertaking any treatment or process by a person on goods belonging to another registered taxable person. The person (another person/latter person) who is treating or processing the goods belonging to other person is called ‘job worker’ and the person to whom the goods belong is called ‘principal’.

  • Chapter 11

    Chapter 9 Impact on Ecommerce Price 0.11  |  0.11 Rewards Points

    There does not exist a simple definition which exactly defines e-commerce or its operations, functions & underlying technologies. According to oxford dictionary ECOMMERCE IS COMMERCIAL TRANSACTIONS CONDUCTED ELECTRONICALLY ON THE INTERNET. Electronic commerce, commonly written as e-commerce or e-commerce, is the trading or facilitation of trading in products or services using computer networks, such as the Internet or online social networks. 

  • Chapter 12

    Chapter 10 Practical Approach To GST Price 0.11  |  0.11 Rewards Points

    The main challenge after implementation of GST is maintenance of proper accounts and records under the Act. It is pertinent to mention that, without proper maintenance of accounts and records, the taxable person may find several difficulties in filling periodical returns under the Act. Moreover, non-compliance on the part of registered person may eventually result in demand notice.

  • Chapter 13

    Chapter 11 Returns Payments And Refunds Price 0.11  |  0.11 Rewards Points

    With the onset of GST, many changes have been introduced in the taxation system of India. Just how many of the old taxes have been replaced with one tax i.e., Goods and Services Tax, even the payment process of taxes has changed. Now, it is mandatory for every regular tax payer to furnish GST returns on a monthly basis and pay the due taxes by the 20th of every month. In case a tax payer does not pay the due taxes, the due taxes will be penalised as interest starting from the date the due tax was to be paid.

  • Chapter 14

    Chapter 12 Government And GST Price 0.11  |  0.11 Rewards Points

    Goods and Service Tax (GST) is structured for efficient tax collection, reduction in corruption, easy inter-state movement of goods and a lot more. The GST Law provides for self-assessment to facilitate easy compliance and payment of taxes. It also explains the notices, the demand and recovery provisions when the taxes are unpaid, short paid and/or returns are not filed.

  • Chapter 15

    Chapter 13 E-Way Bills And MIscellaneous Concepts In GST Price 0.11  |  0.11 Rewards Points

    The GST Council has introduced ‘E-way Bills’ to replace the concept of waybills and transport bills that transport companies have been using since time immemorial. E-way bill under GST is an electronically generated bill which will be required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding ` 50,000 (single Invoice/bill/delivery challan).

  • Chapter 16

    Appendices Price 0.11  |  0.11 Rewards Points


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