Goods and Services Tax (G.S.T.) & Customs Duty
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- Name of the Textbook: Goods and Services Tax (G.S.T.) & Customs Duty
- Edition: Seventh Revised and Updated Edition 2021
- Author(s): Dr. H.C. Mehrotra & Prof. V.P. Agarwal
- Publisher: Sahitya Bhawan Publications
- ISBN: 978-93-88408-56-1
- Language: English
- Book: New
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Description
The GST roll-out on July 1, 2017, evidenced the stepping stone toward accomplishing a goal of ‘One Nation–One Tax–One Market’. It has subsumed many indirect taxes, both at the Centre and State level. GST is expected to boost the GDP in the long run and contain tax evasion. The registration of a large number of assessee under GST will facilitate the effective implementation of GST thereby realizing benefits of uniformity of taxes, seamless credit to reducing the cascading effect. It follows a multi-stage collection mechanism where tax is collected at every stage and the credit of tax paid at the previous stage is available as a set off at the
next stage of the transaction. To ensure a smooth transition, the government and all related nodal agencies like Goods and Services Tax Council, GSTN etc. have been regularly taking decisions to resolve the issues being faced at various levels and coming out with FAQs.
The unique features of the book are that the amendments made by the 40th G.S.T. Council on 12-06-2020 have been included in the book and Numerical Questions with solutions have been given. Several charts have been included in the book for easy and quick study of the subject. Provisions of T.D.S. and T.C.S. enforced w.e.f. October 1, 2018, has been included in the book.
The book is very well structured. The book starts with a brief summary tracing the manner in which GST has been introduced in India.
We are sure, the manner in which the book has been compiled in simple language by giving references of rules and notifications will enhance its value and shall be an easy reference guide for the students and others who are interested in GST.
The idea is to provide a handbook to readers for easy and quick reference of GST and Customs Law.
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