GST Ready Reckoner – Taxmann

Description

The book is organised to reflect the logical flow of GST in practice:

• Foundational Framework
  • Constitutional background of GST
  • Structure of CGST, SGST/UTGST and IGST
  • Charge of tax and concept of ‘supply’
• Determination of Taxability
  • Classification of goods and services
  • Valuation of supply
  • Time of supply (goods and services)
  • Place of supply (domestic and cross-border)
• Input Tax Credit Architecture
  • Conditions and eligibility
  • Blocked credits and reversals
  • ITC in mixed supplies
  • Input Service Distributor (ISD)
• Special Transactions & Sectoral Coverage
  • Reverse charge mechanism
  • Exemptions and concessions
  • Composition scheme
  • Construction and works contract
  • Real estate and TDR/FSI
  • Passenger and goods transport
  • Financial and leasing services
  • Software and IPR
  • Government-related services
  • E-commerce
  • Special provisions relating to tobacco products
• Compliance & Procedural Framework
  • Registration under GST
  • Tax invoice, credit and debit notes
  • E-way bill mechanism
  • Payment of tax
  • GST returns
• Audit, Enforcement & Remedies
  • Assessment and audit
  • Refund framework
  • Demands and recovery
  • Powers of GST officers
  • Offences, penalties and prosecution
  • Appeals up to the Supreme Court