• ISBN13: 9788126939336
• Binding: Paperback
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: January 11, 2023
• Pages: 364
• Original Price: INR 695.0
• Language: English
• Edition: N/A
• Item Weight: 790 grams
• BISAC Subject(s): International / General

KEY FEATURES • Comprehensive explanation of complex provisions of GST laws with tables and charts for quick reference • Each chapter commences with statutory provisions followed by analytical discussions and examples • Section-wise commentary supported with CGST rules • Exhaustive discussion on works contract service, job work provisions and government services • The GST Compensation Cess Rate has been updated as notified till 31st December 2023 • The law stated in the book is updated till 31st December 2023

CA. S K Mishra is a Fellow member of The Institute of Chartered Accountants of India, New Delhi and The Institute of Cost Accountants of India, Kolkata. He is a postgraduate in Commerce (M.Com) from Sambalpur University, Odisha with a Bachelor's degree in Law (LL.B), a Master's degree in Business Administration (MBA) and several other professional degrees, diplomas and certificate courses. With more than two decades of experience in the industry, he has worked in various fields of finance, specialising in direct and indirect taxes. An eminent speaker at various seminars, workshops and training programmes, he has commendable knowledge and a proven track record in handling the most complex matters related to indirect taxes and GST. He has taken numerous initiatives to simplify GST laws through various online and offline initiatives, such as books, digital learning modules and articles in professional journals, which can be accessed through various online platforms. He has authored eight books on GST to cater to the requirements of students in professional courses, GST professionals and working executives. His books titled Ready Referencer on GST and Simplified Approach to GST are highly recommended and appreciated by fellow GST professionals, students and general readers for their deep understanding, clarity and simplified presentation of complex issues on GST.

• Foreword
• Preface to Second Edition
• Preface to First Edition
• GST Compliance Calendar
• Major Policy Initiatives at a Glance
• Arrangement of Sections (The Central Goods & Services Tax Act, 2017)
• The Integrated Goods & Services Tax Act, 2017
• The Goods & Services Tax (Compensation to States) Act, 2017
• The Central Goods & Services Rules, 2017
• Articles of Constitutions of India
• 1. Basic Concepts
• 1.1 Preamble 1
• 1.2 Extent and commencement 1
• 1.3 Introduction to GST 1
• 1.4 Constitutional provision 1
• 1.5 Power to Levy 2
• 1.6 GST Acts & Rules 2
• 1.7 Rate of GST 3
• 1.8 Indirect taxes subsumed & not subsumed into GST 4
• 2. Definitions................................................................................................................................................ 5
• 3. Administration........................................................................................................................................ 13
• 3.1 Officers under CGST Act (Sec 3) 13
• 3.2 Appointment of Officers (Sec 4) 13
• 3.3 Powers of officers (Sec 5) 13
• 3.4 Authorization of Officers of State tax or Union Territory tax as Proper Officer in Certain Circumstances (Sec 6) 14
• 4. Supply Under GST.................................................................................................................................. 15
• 4.1 Meaning & Scope of Supply 15
• 4.2 Inter/Intra State Supply 16

• 4.3 Taxable Supply [Section 2(108)] 16

• 4.4 What is consideration 16
• 4.5 Payment that are not to be treated as consideration 17

• 4.6 Deemed Supply [Section 7(1)(C) read with Schedule I] 18

• 4.7 Taxability of Supply made between related persons 18

• 4.8 Distinct Persons [Specified under Section 25 of CGST Act, 2017] 19

• 4.9 Supply of Goods/Services between employer & employee 19
• 4.10 Difference between various types of supplies under GST 19
• xiv Contents

• 4.11 Taxability of Composite & Mixed Supply [Section 8] 20

• 4.12 Schedule I, CGST Act 2017 23
• 4.13 Schedule II, CGST Act 2017 25
• 4.14 Schedule III, CGST Act 2017: exclusion from supply 26
• 4.15 GST on certain specified supply/transactions 27
• 5. Charge of Tax......................................................................................................................................... 47
• 5.1 Levy & collection of GST 47

• 5.2 Reverse Charge Mechanism (RCM) under GST [Section 9(3)/9(4)] 48

• 5.3 Supplies liable to tax under Reverse Charge 49
• 5.4 Goods covered under Reverse Charge 51
• 5.5 Services covered under Reverse Charge 52
• 5.6 Services taxable in the hands of Electronic Commerce Operator (ECOM) [Sec. 9(5)] 58
• 6. Composition Levy................................................................................................................................... 59

• 6.1 Meaning of Composition Levy [Section 10] 59

• 6.2 Salient features of Composition Scheme 60
• 6.3 Eligibility for GST Composition Levy 61

• 6.4 Threshold limit of Composition Levy [Section 10(1)] 62

• 6.5 Rate of tax under Composition Levy [Rule 7] 63
• 6.6 Filing of Return and payment of tax 64
• 6.7 Intimation for opting Composition Scheme [Rules 3 and 4] 65
• 6.8 Applicability of Composition Scheme 65
• 6.9 Validity and Withdrawal from Composition Scheme 66
• 7. Exemption from GST............................................................................................................................. 67
• 7.1 Statutory provision 67
• 7.2 List of exemption notifications 69
• 7.3 Goods exempted from GST 71
• 7.4 Services exempted from GST 71
• 8. Time of Supply....................................................................................................................................... 85
• 8.1 Introduction 85
• 8.2 Time of issue of Invoice 85

• 8.3 Time of Supply of Goods [Section 12] 86

• 8.4 Time of Supply of Services [Section 13] 89

• 8.5 Time of Supply (Goods & Services) when there is change in rate of tax [Section 14] 93

• 9. Value of Supply....................................................................................................................................... 95
• 9.1 Introduction 95

• 9.2 Value of taxable supply [Section 15] 95

• 9.3 Treatment of Trade/Cash discounts 99
• 9.4 Determination of Value of Supply (Valuation Rules) 101
• 10. Input Tax Credit................................................................................................................................... 111
• 10.1 What is input tax credit 111
• 10.2 Statutory provision 112

• 10.3 Eligibility & conditions for taking input tax credit [Section 16] 112

• 10.4 Restrictions on availment of ITC 115

• 10.5 Time limit for availing input tax credit (ITC) [Section 16(4)] 115

• 10.6 Apportionment of credit & blocked credit [Section 17] 116

• 10.7 Credit in special circumstances (Section 18) 120

• Contents xv

• 10.8 Input tax credit on goods sent for job work [Section 19] 121

• 10.9 Manner of distribution of credit by input service distributors (ISD) [Section 20] 122

• 10.10 Recovery of credit distributed in e xcess (Section 21) 123

• 10.11 Order of utilisation of ITC 123
• 11. Registration......................................................................................................................................... 127
• 11.1 Statutory provision 127
• 11.2 Threshold limit for Registration under GST 128
• 11.3 Need and advantages of registration 129
• 11.4 Format of GSTIN 130

• 11.5 Persons liable for Registration (Section 22) 130

• 11.6 Persons not liable for Registration (Section 23) 131

• 11.7 Compulsory Registration in certain cases [Section 24] 132

• 11.8 Procedure of Registration [Section 25] 133

• 11.9 Suo moto Registration [Rule 16] 139
• 11.10 Display of GSTIN on name board [Rule 18] 140

• 11.11 Amendment of certificate of Registration [Section 28 Read with Rule 19] 140

• 11.12 Cancellation or suspension of Registration [Section 29] 140

• 11.13 Revocation of cancellation of Registration [Section 30] 143

• 12. Tax Invoice, Credit and Debit Notes..................................................................................................... 145
• 12.1 Statutory provisions 145

• 12.2 Tax Invoice [Section 31] 145

• 12.3 Bill of Supply 146
• 12.4 Supplier permitted to issue any document other than Tax Invoice 147

• 12.5 Time of Issue of Tax Invoice [Section 31] 148

• 12.6 Electronic Invoice (E-Invoice) [Rule 48(4)] 153
• 12.7 HSN/SAC Code required on Tax Invoice [Rule 46] 155

• 12.8 Prohibition of unauthorised collection of Tax [Section 32] 157

• 12.9 Amount of tax to be indicated in Tax Invoice & other documents [Section 33] 157

• 12.10 Credit and Debit Notes [Section 34] 158

• 13. Accounts and Records, E-Way Bill....................................................................................................... 161
• 13.1 Statutory provisions 161

• 13.2 Person required to maintain Accounts & Records [Section 35] 161

• 13.3 Audit of Accounts [Section 35(5)] 163

• 13.4 Period of retention of Accounts [Section 36] 164

• 13.5 Electronic Way Bill (E-Way Bill) [Rule 138] 164
• 14. Returns................................................................................................................................................. 173
• 14.1 Return framework 173

• 14.2 Furnishing details of outward supply [Section 37] 175

• 14.3 Communication of Details of Inward Supplies and Input Tax Credit [Section 38] 179

• 14.4 Furnishing of Return [Section 39] 181

• 14.5 Form GSTR-3B [Section 39, Rule 61(1) and 61A of CGST Rules)] 182

• 14.6 Reversal of ineligible ITC 183
• 14.7 Summary of GST Return & their Due Dates 185
• 14.8 First Return [Sec 40] 187

• 14.9 Annual Return [Section 44] 189

• 14.10 Final Return [Section 45] 192

• 14.11 Notice to Return defaulter [Section 46] 192

• 14.12 Levy of late fee [Section 47] 192

• 14.13 Goods & Services Tax Practitioner [Section 48] 193

• xvi Contents
• 15. Payment of Tax..................................................................................................................................... 197
• 15.1 Statutory provision 197

• 15.2 Type of tax Register/Ledger [Section 49] 197

• 15.3 Payment of tax in respect of supply covered under Reverse Charge [Section 9(3) & 9(4)] 201

• 15.4 Procedure of payment of tax 201

• 15.5 Interest on delayed payment of Tax [Section 50] 202

• 15.6 TDS provision under GST [Section 51] 204

• 15.7 Tax Collection at Source (TCS) [Section 52] 206

• 15.8 Transfer of Input Tax Credit [Section 53] 208

• 15.9 Tax wrongly collected & paid to Central Government or State Government [Section 77] 208

• 15.10 Payment of tax and other amount in installments [Section 80] 209

• 16. Refund Mechanism Under GST............................................................................................................ 211
• 16.1 Statutory provision 211
• 16.2 Types of refund under GST 212
• 16.3 Refund in case of Deemed Exports 212
• 16.4 Refund of un-utilised Input Tax Credit (ITC) 212
• 16.5 Claim of GST deposited on advance received but subsequently refunded to
• the buyer due to cancellation of contract or non-supply of Goods or Services 214
• 16.6 When Refund not available 215
• 16.7 Time limit for filing refund claim 215
• 16.8 Where to file the refund claims 216
• 16.9 Documents required to be enclosed along with the refund application 216

• 16.10 Interest on delayed refund [Section 56] 216

• 16.11 Consumer welfare fund [Sections 57 and 58] 217
• 17. Assessment............................................................................................................................................ 219
• 17.1 Meaning and type of assessment 219

• 17.2 Self Assessment [Section 59] 219

• 17.3 Provisional Assessment [Section 60] 219

• 17.4 Scrutiny of Returns (Section 61) 220

• 17.5 Assessment of non-filers of Returns (Section 62) 220

• 17.6 Assessment of un-registered Persons (Section 63) 220

• 17.7 Summary Assessment in certain special Cases (Section 64) 221

• 18. Audit Under GST................................................................................................................................ 223
• 18.1 Meaning and objective of GST Audit 223
• 18.2 Statutory Audit under GST 223
• 18.3 Legal provision of GST Audit 223
• 18.4 Types of Audit 224
• 18.5 Due date of filing GST Annual Return 226
• 18.6 Consequence of non-filing of GST Annual Return/failure to get
• Accounts Audited as per GST Law 226
• 19. Inspection, Search, Seizure and Arrest .................................................................................................. 227
• 19.1 Statutory provision 227

• 19.2 Power of Inspection, Search and Seizure (Section 67) 227

• Contents xvii

• 19.3 Inspection of goods in movement (Section 68) 229

• 19.4 Power to Arrest (Section 69) 229

• 19.5 Power to Summon (Section 70) 230

• 19.6 Access to Business Premises (Section 71) 230

• 19.7 Officers to assist Proper Officers (Section 72) 230

• 20. Demand and Recoveries ....................................................................................................................... 231
• 20.1 Statutory provision 231
• 20.2 Situations leading to raising of demand 232
• 20.3 Time limit for issuance of Show Cause Notice (SCN) 232
• 20.4 Time limit for passing Assessment Order 233
• 20.5 Monetary limit of PO for Issue of SCN 233
• 20.6 Penal provision for voluntary payment of tax with Interest 233
• 20.7 Timeline for Issuance of Notice & Order 233

• 20.8 General provisions relating to Determination of Tax [Section 75] 234

• 20.9 Tax collected but not paid to the Government [Section 76] 234

• 20.10 Tax wrongfully collected and paid to Central or State Government [Section 77] 234

• 20.11 Initiation of recovery proceedings [Section 78] 234

• 20.12 Mode of recovery of Tax [Section 79] 235

• 20.13 Payment of tax and other amount in Instalments [Section 80] 235

• 20.14 Transfer of property to be void in certain cases [Section 81] 235

• 20.15 Tax to be first charge on property [Section 82] 235

• 20.16 Provisional attachment to protect revenue in certain cases [Section 83] 235

• 20.17 Continuation and validation of certain recovery proceedings [Section 84] 236

• 21. Liability to Pay in Certain Cases ......................................................................................................... 237
• 21.1 Statutory provision 237

• 21.2 Liability in case of transfer of Business [Section 85] 237

• 21.3 Liability of Agent and Principal [Section 86] 238

• 21.4 Liability in case of Amalgamation or Merger of Companies [Section 87] 238

• 21.5 Liability in case of Company in Liquidation [Section 88] 238

• 21.6 Liability of Directors of Private Company [Section 89] 238

• 21.7 Liability of Partners of a Firm to Pay Tax [Section 90] 239

• 21.8 Liability of Guardians, Trustees, etc. [Section 91] 239

• 21.9 Liability of Court of Wards, etc. [Section 92] 239

• 21.10 Special provisions regarding liability to pay Tax, Interest or Penalty in

• certain cases [Section 93] 239

• 21.11 Liability in other cases [Section 94] 240

• 22. Advance Ruling Under GST ................................................................................................................ 241
• 22.1 Statutory provision 241
• 22.2 Meaning & objectives of Advance Ruling 241

• 21.3 Constitution of Advance Ruling Authority (Section 96) 242

• 22.4 Matters/Questions which can be referred for Advance Ruling [Section 97(2)] 242

• 22.5 Matters which cannot be Referred to Advance Ruling 242
• 22.6 Procedure for obtaining Advance Ruling 242

• 22.7 Appellate Authority for Advance Ruling (Section 99) 243

• 22.8 Appeal to the Appellate Authority (Section 100) 243

• 22.9 Applicability of Advance Ruling [Section 103 (1)] 243

• 22.10 Powers of Authority and Appellate Authority [Section 105] 244

• xviii Contents
• 23. Appeals and Revision ........................................................................................................................... 245
• 23.1 Statutory provision 245
• 23.2 Adjudicating Authority 245

• 23.3 Appeals to Appellate Authority [Section 107] 246

• 23.4 Revisional Authority [Section 108] 246

• 23.5 Constitution of GST Appellate Tribunal and Benches thereof [Section 109] 247

• 23.6 President and members of Appellate Tribunal, their Qualification,

• Appointment, Conditions of Service, etc. [Section 110] 247

• 23.7 Procedure before Appellate Tribunal [Section 111] 248

• 23.8 Amount payable for filing of Appeal 248

• 23.9 Appeals to Appellate Tribunal (Section 112) 249

• 23.10 Orders of Appellate Tribunal (Section 113) 249

• 23.11 Financial and Administrative powers of President (Section 114) 249

• 23.12 Interest on refund of amount paid for Admission of Appeal (Section 115) 250

• 23.13 Appearance by Authorized Representative (Section 116) 250

• 23.14 Appeal to the High Court (Section 117) 250

• 23.15 Appeal to Supreme Court (Section 118) 250

• 23.16 Sums due to be paid notwithstanding Appeal, etc. [Section 119] 250

• 23.17 Appeal not to be filed in certain cases [Section 120] 251

• 23.18 Non-appealable decisions and orders [Section 121] 251

• 24. Offences and Penalties ......................................................................................................................... 253
• 24.1 Statutory provision 253

• 24.2 Penalties under GST [Section 122] 253

• 24.3 List of offences under GST 254

• 24.4 Penalty for failure to furnish Information Return (Section 123) 255

• 24.5 Fine for failure to furnish statistics (Section 124) 255

• 24.6 General Penalty (Section 125) 255

• 24.7 General principle regarding imposing Penalty (Section 126) 255

• 24.8 Power to impose Penalty in certain cases (Section 127) 256

• 24.9 Power to waive Penalty or Fee or both (Section 128) 256

• 24.10 Detention, Seizure and release of goods and conveyances in transit (Section 129) 256

• 24.11 Confiscation of goods or conveyances and levy of penalty (Section 130) 256

• 24.12 Punishment for certain Offences (Section 132) 257

• 24.13 Liability of Officers [Section 133] 258

• 24.14 Offences by companies and certain other persons [Section 137] 259

• 24.15 Compounding of Offences [Section 138] 259

• 25. Transitional Provisions ........................................................................................................................ 261
• 25.1 Statutory provision 261

• 25.2 Migration of existing tax payers [Section 139] 261

• 25.3 Transitional arrangements of input tax credit [Section 140] 261

• 25.4 Transitional provisions relating to Job work [Section 141] 263

• 25.5 Miscellaneous Transitional Provision [Section 142] 264

• 26. Miscellaneous Provision........................................................................................................................ 267

• Section 143 to Section 174 of CGST Act, 2017 268

• 27. Job Work Provision............................................................................................................................... 275
• 27.1 Statutory provision 275
• 27.2 Nature of supply 275
• Contents xix
• 27.3 Scope/ambit of Job work 276
• 27.4 Registration 276
• 27.5 Documents required for sending goods to Job worker 276
• 27.6 Place of supply 276
• 27.7 Clarification issued by central government on Job work 276
• 27.8 Rates of GST on Job work 278
• 28. Works Contract Provision .................................................................................................................... 281
• 28.1 Introduction 281
• 28.2 Definition/statutory provision 282
• 28.3 Valuation of works contract service 283
• 28.4 Taxability of Free of Cost (FOC) issue of materials by customer to contractor
• (service provider) 283
• 28.5 Availability of Input Tax Credit (ITC) on works contract service 284
• 28.6 Conditions for claiming ITC 286
• 28.7 Refund of un-utilised ITC 286
• 28.8 Time of supply of “Works Contract” 287
• 28.9 Place of supply in respect of “Works Contract” 287
• 28.10 Maintenance of accounts/records 288
• 28.11 Taxability of liquidated damages/penalty levied for non-performance of works contract 288
• 28.12 Registration requirement for providing works contract 288
• 28.13 Rate of GST on works contract service 290
• 29. Government Services............................................................................................................................. 295
• 30. Place of Supply..................................................................................................................................... 301
• 30.1 Introduction 301
• 30.2 Statutory provisions 301

• 30.3 Place of supply of goods other than import and export (Section 10) 302

• 30.4 Place of supply of goods in case of import and export (Section 11) 303

• 30.5 Place of supply of services in case of domestic supplies (Section 12) 303

• 30.6 Place of supply of services in case of cross border supplies (Sec 13) 304
• The Goods & Services Tax (Compensation to States) Act, 2017 309
• Articles of Constitutions of India 323
• GST Revenue Collection 328
• Acronyms
• Index