Taxmann GST How to Meet Your Obligations Set of 2 Volumes By S S Gupta Edition April 2025

GST – How to Meet Your Obligations is a comprehensive two-volume commentary that simplifies the intricacies of India’s Goods and Services Tax (GST) regime. It is meticulously updated to incorporate the amendments introduced by the Finance Act 2025, and this authoritative work is designed to aid readers in navigating every aspect of GST—from basic concepts and levy provisions to specialised scenarios like e-commerce transactions, online gaming, deemed exports, SEZs, etc.

This book is intended for the following audience:

• Chartered Accountants, Tax Consultants & Finance Professionals – For in-depth coverage and updates on recent legislative changes, facilitating compliance and advisory services
• Corporate & Business Owners – For clarity on operational matters, including GST registration, returns, input tax credits, and advanced scenarios like job work or sale via bonded warehouses
• Law Practitioners & Company Secretaries – For legal and procedural guidance on GST disputes, appeals, and compliance enforcement
• Government Officers & Administrators – For insights into GST administration, assessments, audits, adjudication, and departmental procedures
• Academicians & Students – For a structured, detailed understanding of GST concepts and provisions, helping them excel in professional exams and research

The Present Publication is the 16^th Edition, amended by the Finance Act 2025. It is authored by S.S. Gupta, with the following noteworthy features:

• [Complete GST Coverage] Addresses every stage of GST compliance, from registration to appeals, with special coverage on unique scenarios such as online gaming and corporate guarantees
• [Latest Amendments] Incorporates all statutory and procedural changes introduced by the Finance Act 2025, ensuring you have the most recent guidance
• [Practical Insights & Examples] Abundant illustrations and examples help decode complex provisions, making this work a go-to reference for practical applications
• [Special Focus on Input Tax Credit] Detailed discussion on input, input services, capital goods, and ITC distribution, including critical aspects such as blocked credits, common credits, and time limits
• [Robust Legal & Procedural Guidance] Explains dispute resolution, appeals, and adjudication processes with step-by-step clarity
• [Easy-to-navigate Two-volume Set] Offers a logical flow—conceptual fundamentals in Volume 1 and advanced topics (e.g., MOOWR scheme, sale by duty-free shops, high sea sales, and e-commerce transactions) in Volume 2
• [Authored by a Leading Expert] S.S. Gupta is a member of ICAI, ICWAI, and ICSI, with decades of specialised experience in indirect taxation. His practitioner’s perspective brings clarity and actionable insights to complex legal provisions
• [User-friendly] Each chapter includes detailed headings, subheadings, and summaries for quick reference. The subject index at the end is exhaustive and user-friendly

The coverage of the book is as follows:

• Basic Concepts & Constitutional Framework
• Evolution of GST and its constitutional underpinnings
• Overview of key GST laws and their interplay
• Levy & Scope
• Definitions of supply, goods, services, deemed supply, composition levy, and reverse charge
• Classifications, place of supply, time of supply, and valuation rules
• Input Tax Credit (ITC)
• Comprehensive exploration of inputs, input services, capital goods
• Blocked credits, apportionment, and distribution of ITC
• Recovery provisions and conditions for availing ITC
• Exports & Imports
• Special procedures for export of goods/services, deemed exports, and SEZ transactions
• MOOWR scheme, high-sea sales, bonded warehouse sales, and import of services
• Special Scenarios
• E-commerce transactions, job work, online gaming, sale of business, mergers & acquisitions
• Vouchers, intermediary services, actionable claims, and discount/incentive structures
• Transitional Provisions
• Handling transitional credits and contracts
• Anti-profiteering measures and implications
• GST Compliances
• Registration process, documentation, tax invoices, and e-way bills
• Returns, reconciliations, record maintenance, and payment of tax/interest
• Administration & Adjudication
• Assessments, audits, departmental scrutiny, inspection, search, and seizure
• Demand and recovery proceedings, provisional attachment, residual matters
• Penalties & Prosecution
• Offences, confiscation, fines, arrest, prosecution procedures
• Dispute Resolution
• Appeals to Appellate Authority, GST Appellate Tribunal, High Court, and Supreme Court
• Advance Ruling Mechanism and GST Amnesty Scheme
• Each topic is examined under the lens of current GST rules, bolstered by references to essential notifications and circulars. Extensive tables of contents and indexes help readers quickly locate the guidance they need.

The structure of the book is as follows:

Volume 1

• Foundation & Core Concepts
• Basic concepts, GST constitutional framework, and key levy aspects (such as supply, valuation, composition)
• Input Tax Credit & Refunds
• Exhaustive treatment of ITC provisions, eligibility, reversals, and refunds
• Exports & Imports (Part 1)
• Preliminary aspects of exports, imports, and SEZ transactions

Volume 2

• Advanced Topics & Special Scenarios
• MOOWR scheme, duty-free shops, high sea sales, e-commerce, job work, vouchers, intermediary services
• Transitional Provisions & Anti-profiteering
• Guidance on credits transitioned from earlier laws, profiteering control measures
• GST Compliances & Litigation
• Registrations, returns, e-way bill compliance, assessments, audits, appeals, and advance rulings
• Reference Materials & Appendices
• Complete texts of CGST, IGST, UTGST, Compensation Cess Acts, and respective Rules for easy reference
• This two-volume approach ensures that readers can follow a natural progression—from the basics of GST to more nuanced scenarios and compliance requirements—without overwhelming cross-references

About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorised and reliable sources
• All the latest developments in the judicial and legislative fields are covered
• Analytical write-ups should be provided on recent, controversial, and important issues to help the readers to understand the concept and its implications
• It must be ensured that every content published by Taxmann is complete, accurate and lucid
• All evidence-based statements must be supported with proper reference to Section, Circular No., Notification No. or citations
• The golden rules of grammar, style and consistency are thoroughly followed
• Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied