Taxmann GST Law Simplified with Relevant Case Laws By Karnataka State Chartered Accountants Association, Srikantha Rao T Edition March 2024

Description

This book aims to guide readers towards a future where clarity and understanding of GST Laws prevail, enhancing informed decision-making. Its objective is to simplify GST Laws and clarify complex issues by examining relevant case laws.

Aimed at professionals like Chartered Accountants, lawyers, and tax practitioners, the book is also accessible to those new to GST litigation, making it a valuable resource for a broad audience.

The Present Publication is the Latest 2024 Edition, authored by CA. Srikantha Rao T. It is published exclusively by Taxmann for KSCAA. The noteworthy features of the book are as follows:

• [Content Overview]
  • The book breaks down intricate GST aspects into manageable sections, facilitating easier comprehension and application
  • It includes a thorough exploration of case laws, particularly from the High Courts and the Supreme Court of India, providing a deep dive into GST jurisprudence
  • Covers a wide range of topics, including registration, supply under GST, levy and collection, cross-border services, and significant issues before courts
• [Comparative Analysis] Draws parallels between GST in India and VAT in the European Union, providing a broader perspective on handling GST-related challenges
• [Case Studies] Features an extensive collection of case studies from Indian courts and insights from international jurisdictions, aiding in the understanding and application of GST laws
• [Focus Areas]
  • A dedicated chapter on ‘Input Tax Credit and Refunds’ addresses recent developments and ongoing legal debates in these areas
  • Provides a current legal perspective on various GST issues, helping readers stay updated with recent rulings and policy changes
• [Practical Approach] Designed to facilitate easy navigation and serve as a reference guide for professionals dealing with GST litigations and advisories
• [Educational Value] Enhances readers’ comprehension by encouraging critical analysis and discussion on each case study, fostering an interactive learning experience
• [Expert Insights] Shares the profound knowledge of the author, enriched by his contributions to professional journals and his extensive experience in indirect taxation

The detailed contents of the book are as follows:

• Registration – Outlines the process and criteria for GST registration
• Supply under GST – Discusses the criteria and classifications for what constitutes a supply under GST
• Levy & Collection – Details the procedures and regulations regarding the levy and collection of GST
• Movement of Goods – Examines the rules governing the movement of goods under GST, including documentation and compliance
• Valuation – Guides the valuation of goods and services for GST purposes
• Cross-Border Services – Discusses the implications of GST on services that cross international borders
• Exemptions – Lists the goods and services exempt from GST and the conditions for exemptions
• Input Tax Credit – Explains the rules and procedures for claiming input tax credits and refunds
• Refunds – Details the process for obtaining refunds under GST for overpaid taxes or other conditions
• Returns – Covers the requirements and procedures for filing GST returns
• Major Issues Before Courts – Highlights significant GST-related issues currently being adjudicated in courts

About the author

Karnataka State Chartered Accountants Association

Karnataka State Chartered Accountants Association (KSCAA) is an association of Chartered Accountants registered under the Karnataka Societies Registration Act in the year 1957, having the following as its main objects:

• To encourage friendly feelings and unanimity among the members and to ensure solidarity in the matters of interest concerning all of them
• To watch over, promote and protect the mutual interest of members and to better equip them in discharging their professional obligations
• To provide an organization for Chartered Accountants and generally consolidate the interests of the profession and to do all such things from time to time as may be necessary to elevate the status and advance the interests of the profession
• To spread knowledge in the art and science of Accountancy in all its branches and in particular relating to matters of professional interest of Chartered Accountants
• To endeavour to bring about statutory legislation in any manner for the betterment of members and/or the profession, and/or the students of accountancy and also the public

There are over 3800 members of the Association spread all over Karnataka. The association has been serving its members for the past 67 years. KSCAA has also exclusively partnered with Taxmann to publish a series of books. These publications include:

• GST Appellate Mechanism | Key Aspects and Procedures by Adv. K.S. Naveen Kumar & CA. Annapurna Kabra | 2024 Edition
• GST Law Simplified with Relevant Case Laws by CA. Srikantha Rao T | 2024 Edition
• NFRA Audit Quality by CA. Mohan R Lavi | 2024 Edition

Srikantha Rao T

CA Srikantha Rao T is a Chartered Accountant presently based in Bengaluru. Being a native of Mangalore, he is a Fellow Member of the Institute of Chartered Accountants of India. He has been in Practice for close to two decades. He has extensive experience in Indirect Taxes covering present GST laws, earlier Service Tax and Central Excise Laws, and Customs Laws apart from Foreign Trade Policy.

He has been handling litigation and consultation services in these laws over the years, apart from handling audits and reviews in indirect taxes for his clients. He also has hands-on experience in Management and Internal Audits of Automobile manufacturing, Chemical manufacturing, Machine Tooling, Software, E-commerce, and Real estate entities, to name a few and in designing Standard Operating Processes for manufacturing and service entities.

He has co-authored books on Central Excise and Service Tax in the past. He is a life member of the Karnataka State Chartered Accountants Association and Bombay Chartered Accountants’ Society. He has also contributed articles on indirect taxes to Journals of KSCAA.