GST Made Easy – Answer to all Your Queries on GST – Taxmann

Description

GST Made Easy – Answer to all Your Queries on GST is a question-and-answer-based practitioner’s manual. The book reverse-engineers the law from the queries that practitioners, businesses and students actually face—close to 800 of them—and answers each with the operative provision, the procedural rule, the relevant CBIC circular, and where useful, a worked numerical illustration or an AAR/judicial precedent.

The book follows the GST transaction lifecycle, end to end:

• The Levy & Registration
  • Dual GST architecture, the working of CGST/SGST/UTGST/IGST through a worked supply-chain illustration, person liable to pay tax, threshold-based and mandatory registration, the registration procedure, voluntary registration, amendment and cancellation
• Identifying the Supply
  • Scope of ‘supply’ under Section 7, Schedules I, II and III, composite and mixed supplies, supplies between related and distinct persons, treatment of activities without consideration, and the inter-state versus intra-state determination under the IGST Act
• Crystallising the Tax
  • Time of supply for goods and for services (treated in separate chapters), value of supply and the valuation rules, place of supply for goods and for services with the revised position on intermediary services post Finance Act 2026
• Credit and Payment
  • Input tax credit (eligibility, blocked credits, Rule 36(4), reversal and re-availment), the Rule 86B 1% cash payment requirement, the Input Service Distributor regime effective 1^st April 2025, payment of taxes, and the electronic cash and credit ledgers
• Compliance Cycle
  • Invoice, credit and debit notes (with the recast Section 34 link to Section 15(3)(b)), e-way bill generation and validity, GSTR-1/3B/9 returns, the composition return GSTR-4, accounts and records, and ITC-04 for job work
• Special Regimes
  • Composition Scheme for suppliers of goods, the parallel scheme under Section 10(2A) for service and mixed suppliers, Job Work procedures, and Advance Ruling
• Refunds
  • Zero-rated supplies, inverted duty structure (with the new provisional refund), excess balance in cash ledger, deemed exports, refund to unregistered persons on cancelled real-estate contracts, low-value export refund post Finance Act 2026, and the interest computation framework under Section 56
• Assessment, Demand and Recovery
  • Self-assessment, scrutiny, best-judgement assessment, the Sections 73/74/74A demand framework, Section 76 (tax collected but not paid), Section 77 (wrongly collected), Section 78 (recovery), and instalments under Section 80
• Penalties, Waivers and Discounts
  • The Sections 122–127 penalty framework, the Section 128A waiver of interest and penalty for Section 73 demands, and the treatment of discounts and incentives—primary, secondary and post-sale—incorporating Circular 251/08/2025-GST and Circular 92/11/2019-GST