- GST Law and Commentary with Analysis and Procedures Bimal Jain
GST Law and Commentary with Analysis and Procedures Bimal Jain
This GST book extensively covers in-depth analyses of CGST, SGST, IGST, UTGST and GST Compensation Cess Laws along with the Rules, Notifications, Circulars and Clarifications issued thereunder and comprehensively discusses all the key GST provisions along with challenges and way forward suggestions, in commentary as well as tabular/pictorial formats with multiple practical case studies and examples. This book provides an insight to the readers for ensuring proper understanding as Good and Simple tax and can be used by professionals, corporates, regulators, govt. authorities, etc., for easy and immediate reference.
Highlights of Volume I
- Detailed commentary on various domains of GST (law & provisions) viz. supply of goods or services – intra-state and inter-state, principles of place of supply & time of supply, taxable person, reverse charge, exports and imports, job work, TDS, TCS, appeals and revision, demand and recovery, search & seizure, arrests, offences, penalties, etc., with practical case studies for conceptual clarity
- Discussion on all updated provisions and rules along with various notifications, circulars, etc. as on date including all the latest notifications/circulars issued and decisions of GST Council meetings held in October 2020
- Analytical discussion on all important advance rulings & High Courts and Supreme Court GST judgments with settled legal jurisprudence of pre-GST era and their likely effect on businesses along with suggesting key precautions
- Effective takeaways and action plan for smooth sailing in GST with suggestions
Highlights of Volume II
- Detailed discussion and tabular presentation of all procedural requirements viz. registration, payment, invoice, returns and refund, e-way bill, transitional provisions along with relevant forms & their due dates and with practical case studies & FAQs for conceptual clarity
- Manual for GST Rate schedule and Exemptions for goods & services updated as on date, including all the latest notifications/circulars issued and decisions of GST Council meetings held in October 2020
- How to file Annual Return (Form GSTR-9) and Reconciliation statement (Form GSTR-9C) as per revised formats for FY 2018-19 and onwards and key precautions required
- Discussion and guidance for implementation of ‘e-invoicing’ and ‘QR Code’
- Discussion on modified version of existing GST return system in lieu of new GST return system
Highlights of Volume III
- Constitution (101st Amendment) Act, 2016
- Updated CGST, UTGST, IGST and Compensation Cess Acts, 2017 as amended vide the Amendment Acts, 2018, Finance (No. 2) Act, 2019 and Finance Act, 2020
- Updated CGST, IGST, UTGST and GST Compensation Cess Rules, 2017 as on date
- Updated Gist of all Notifications – Tariff and Non-Tariff, all Circulars, Orders and Press releases as on date
- Index of all GST Forms along with their utility under GST
- Includes all the latest notifications/circulars issued and decisions of GST Council meetings held in October 2020
Scratch the Coupon Code given in the Book to download the following
- Complete Updated Notifications – Tariff and Non-Tariff, Circulars, Orders and Press Releases as on date
- All GST Forms along with their utility under GST
- Screenshots of Modified GST Return Procedures
- Available functionalities for taxpayers on the GST Portal (updated as on date)
Key Features of the Book
- Detailed commentary on CGST, SGST, IGST, UTGST and GST Compensation Cess Laws along with the Rules made thereunder to encapsulate the provisions for easy digest
- Discussion on various domains – viz. supply of goods or services – intra-state and inter-state, principles of place of supply & time of supply, taxable person, reverse charge, exports and imports, job work, GST rates, TDS, TCS, e-way bill, transitional provisions, appeals and revision, demand and recovery, search & seizure, arrests, offences, penalties, etc.
- In-depth analyses of meaning and scope of term ‘supply’, principles of ‘time of supply’ and ‘place of supply’ with multiple case studies and likely issues with way forward suggestions
- Analyses and discussion on flow of input tax credit in GST with multiple examples
- Case studies for bringing clarity on various aspects of ‘valuation’ – transaction value, related party transactions, valuation in case of stock transfers, cross charge, etc.
- Analyses of Exports and Imports of goods or services and supplies to or by SEZ units/developers in GST along with documentation required vis-a-vis refund mechanism
- Flowcharts on various rules and procedural aspects of GST – registration, payment, invoice, returns and refund along with guidance on how ‘e-invoicing’ effective from 01.10.2020 (with relaxation for October month) and ‘QR Code’ effective from 01.12.2020, is going to transform business operations of both suppliers & recipients
- Analyses of various provisions for assessment & audit, demands & recovery and offences & penalties, search, seizure, arrests along with procedural flowcharts for appeals & revision and advance ruling
- How to file Annual Return (Form GSTR-9) and Reconciliation statement (Form GSTR-9C) as per revised formats and key precautions required
- All updated provisions and rules along with topic wise bifurcation of all departmental clarifications, CBIC FAQs as updated, press releases, circulars, orders, e-fliers, etc. as on date
- Includes implications of all the latest notifications/circulars issued; and decisions of GST Council meetings held in October 2020
About the Author
CA Bimal Jain – FCA, FCS, LLB, B.Com (Hons.) with 21 years of experience in Indirect Taxation – GST, Service tax, Excise, Customs, VAT/CST, Foreign Trade Policy, DGFT matters, etc.
Bimal Jain, qualified as a Chartered Accountant in May 1994, and Company Secretary in December 2006 and LLB in December 2009. He has worked in renowned companies viz. LG Electronics India Pvt. Ltd, Honda Motorcycle & Scooters India Pvt. Ltd, Hindustan Development Corporation Ltd, Khaitan & Company. Currently, he is the Chief Executive Director of A2Z Taxcorp LLP.
Bimal is the Mentor of the Indirect Tax Committee of PHD Chamber of Commerce. He is also a Chairman of the Corporate Advisory Committee of IPEM Group of Institutions, Member of Indirect Tax Committee of FICCI & Assocham, Special Invitee of Indirect Tax Committee of ICAI/ ICSI, and Member of eminent faculties in Indirect tax committee of Confederation of Indian Industry (CII)/ ICAI/ ICSI/ ICMA/ PHD Chamber.
He was the keynote speaker at Guinness World Record made by ICSI in “Largest Taxation Lesson” on GST, attended by 4500+ Participants, breaking earlier record of Japan. He is awarded as Best Participant Award in MSOP – 117th Batch by ICSI, Business Leader Award by Amity School Noida, Best Speaker Award by NIRC – ICAI/ ICMA and Young Achievers Award at Igniting Minds, 2015.
He regularly writes articles on multiple GST and indirect tax issues and has authored books, namely, Service Tax Voluntary Compliance Encouragement Scheme, 2013 and various GST book titled ‘Goods and Services Tax – Introduction and Way Forward’, ‘GST Law & Analysis – With Conceptual Procedures’, ‘Guide to Revised Model GST Law (With Draft Rules on Registration, Payment, Invoice, Returns and Refund)’, ‘The GST Reader (GST made easy)’ and 5th Edition of ‘GST Law & Analysis – With Conceptual Procedures’.
He has also represented PHD Chamber of Commerce, Assocham, ICAI, ICSI before various Government Authorities/Committees for numerous issues of pre-GST and GST viz. the GST Council, the Central Board of Excise and Customs, GSTN, Ease of doing Business Committee, Empowered Committee of State Finance Ministers, etc.
Bimal’s core competency and area of expertise are indirect taxation, international and corporate taxation. He specializes in all aspects of GST, Excise, Service tax, Customs, Sales tax/VAT laws, Free trade/economic cooperation agreements, anti-dumping duty, foreign trade policy, etc.
He carries a blend of industrial and professional acumen, knowledge and experience in carrying out diagnostic review of business operations, opinion & advisory services, process review, structuring of various business models, litigation services at all appropriate forums including Commissioner (Appeals), CESTAT, High Court and representation made before the GST Council/TRU/ CBIC/GSTN, DGFT, etc., for various matters concerning trade, industry and commerce.
ISHA BANSAL – ACS, LLB, B.Com (Hons.) with more than 7 years of experience in indirect taxation
Isha, qualified as a Company Secretary and LLB, after obtaining a Bachelor’s degree in Commerce (Hons.) from University of Delhi in 2008. She worked as an intern with DLF group looking after company secretarial and legal matters before moving to indirect taxation for which she had interest and flair.
Thereafter, she joined A2Z Taxcorp LLP and is presently working as Partner, providing legal and advisory services to various multinational companies in the areas of GST, Excise, Customs, VAT, Service tax, anti-dumping duty, foreign trade policy, etc. Her in-depth knowledge, drive and strategic insights have contributed immensely to the organizations she has worked with.
Isha has done extensive study on GST in India and has been following all the developments in the rollout of GST by the Indian Government. GST is therefore one of her core competency areas along with other indirect tax laws. She is also delivering seminars on GST at various prestigious platforms viz. ICAI, ICSI, Confederation of Indian Industry (CII) and PHD Chamber of Commerce & Industry. She has co-authored various books on GST.