Master Guide to GST in Question & Answer Form by R S Paul 3rd Edition Dec 2025

Master Guide to GST in Question & Answer Form by R S Paul 3rd Edition Dec 2025

Master Guide to GST in Question & Answer Form by R S Paul 3rd Edition Dec 2025

The 3rd edition of the “Master guide to GST” outlines the major changes and focus areas following the 56th GST Council meeting.

​Here are the key points:

• ​Next-Generation GST Reforms: The reforms focus on a strategic, principled, and citizen-centric evolution of the tax framework, aiming to improve the lives of citizens and ensure the ease of doing business for traders and businessmen.
• ​Major GST Council Recommendation (Tax Structure): The Council recommended a rate rationalization, resulting in the simplification of the existing four-layer tax structure into two major rates.
• ​New GST Rates: Effective from 22.09.2025, most goods and services will now attract GST at either 5% or 18%, doing away with the existing 12% and 28% rates.
• ​Scope Changes: The ambit of nil or exempted rated goods and services has also been extended.
• ​Change in CESS: There is a major change in CESS as well.
• ​New Edition Content: This third edition incorporates the new Rate Chart of Goods along with the existing Rate Chart, reflecting the latest amendments.
• ​Appellate Tribunal: The GST Appellate Tribunal will start functioning soon, and advisories for e-filing of appeals have been issued for the ease of taxpayers.

Content of the book is as follows

• Definitions
• Registration
• Supply
• ITC
• Invoice
• Payment, Late fee & Return
• Export & Refund
• Waybill
• TDS & TCS
• Scrutiny Assessments & Audit
• Offences & Penalties
• Appeal & Advance Ruling
• Accounts and Records
• FAQ on Input Service Distributor