Goods and Services Tax [GST] and Customs law / S. Varadharaj

By:

Varadharaj. S

Material type: Text

TextLanguage: English Publication details: India ; MJP Publishers , 2022.Description: 446p. : illISBN:

9789391270179

Subject(s):

DDC classification:

343.93 VAR

Contents:

Part I: Goods & Services Tax (GST) Unit I: Introduction to Indirect Taxes & GST Constitutional Framework of Indirect Taxes Before GST Concept of VAT and its defects Rationale for GST (One Nation, One Tax, cascading effect removal, etc.) Structure of GST (CGST, SGST, IGST, UTGST) GST Council Key Definitions under CGST Act, 2017 Unit II: Levy and Collection of GST Taxable Event: Supply of Goods & Services (meaning and scope) Time of Supply Value of Supply Place of Supply Exemptions from GST Classification of Goods or Services Unit III: Input Tax Credit (ITC) Eligible and Ineligible Input Tax Credit Apportionment of Credit and Blocked Credits Availability of Tax Credit in Special Circumstances Manner of Distribution of Credit by Input Service Distributor (ISD) Payment of Taxes Refund procedures Reverse Charge Mechanism (RCM) Composition Scheme Job Work Unit IV: Procedures & Compliance Registration under GST Tax Invoice, Credit and Debit Notes Returns (types of returns, filing process) Accounts and Records Audit under GST Assessment (Self-Assessment, Summary, Scrutiny) Unit V: Special Provisions & Enforcement Taxability of E-Commerce Anti-Profiteering Clause Avoidance of Dual Control E-way Bill Zero-Rated Supply Offences and Penalties Appeals and Revisions Demand, Recovery and Advance Ruling GST Practitioner Part II: Customs Act, 1962 Basic Concepts of Customs Law Customs Duty and Customs Officers Territorial Water of India and High Seas Types of Customs Duty (Basic Customs Duty, IGST on imports, Safeguard, Countervailing Duty, etc.) Import and Export Procedures Classification of Goods Valuation under Customs Act Clearance of Goods Baggage Rules and Exemptions Warehousing Customs Duty Drawback Enforcement Prevention of Illegal Import and Export Search, Seizure, Arrest and Confiscation of Goods Offences and Penalties under Customs Act

Summary: The book aims to offer a simplified yet comprehensive understanding of these complex indirect tax systems. It covers the constitutional framework of indirect taxes, the rationale and structure of GST, various components of GST (like supply, time, value, place of supply, input tax credit, reverse charge mechanism), and procedural aspects such as registration, returns, audit, and assessment. It also includes sections on special provisions like E-way Bill, anti-profiteering, and zero-rated supply. The Customs Law part delves into basic concepts, types of duties, valuation, and procedures for import/export.

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Item type	Current library	Collection	Call number	Status	Barcode
General Books	CUTN Central Library Social Sciences	Non-fiction	343.93 VAR (Browse shelf(Opens below))	Available	51662

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Part I: Goods & Services Tax (GST)

Unit I: Introduction to Indirect Taxes & GST

Constitutional Framework of Indirect Taxes Before GST
Concept of VAT and its defects
Rationale for GST (One Nation, One Tax, cascading effect removal, etc.)
Structure of GST (CGST, SGST, IGST, UTGST)
GST Council
Key Definitions under CGST Act, 2017
Unit II: Levy and Collection of GST

Taxable Event: Supply of Goods & Services (meaning and scope)
Time of Supply
Value of Supply
Place of Supply
Exemptions from GST
Classification of Goods or Services
Unit III: Input Tax Credit (ITC)

Eligible and Ineligible Input Tax Credit
Apportionment of Credit and Blocked Credits
Availability of Tax Credit in Special Circumstances
Manner of Distribution of Credit by Input Service Distributor (ISD)
Payment of Taxes
Refund procedures
Reverse Charge Mechanism (RCM)
Composition Scheme
Job Work
Unit IV: Procedures & Compliance

Registration under GST
Tax Invoice, Credit and Debit Notes
Returns (types of returns, filing process)
Accounts and Records
Audit under GST
Assessment (Self-Assessment, Summary, Scrutiny)
Unit V: Special Provisions & Enforcement

Taxability of E-Commerce
Anti-Profiteering Clause
Avoidance of Dual Control
E-way Bill
Zero-Rated Supply
Offences and Penalties
Appeals and Revisions
Demand, Recovery and Advance Ruling
GST Practitioner
Part II: Customs Act, 1962

Basic Concepts of Customs Law

Customs Duty and Customs Officers
Territorial Water of India and High Seas
Types of Customs Duty (Basic Customs Duty, IGST on imports, Safeguard, Countervailing Duty, etc.)
Import and Export Procedures

Classification of Goods
Valuation under Customs Act
Clearance of Goods
Baggage Rules and Exemptions
Warehousing
Customs Duty Drawback
Enforcement

Prevention of Illegal Import and Export
Search, Seizure, Arrest and Confiscation of Goods
Offences and Penalties under Customs Act

The book aims to offer a simplified yet comprehensive understanding of these complex indirect tax systems. It covers the constitutional framework of indirect taxes, the rationale and structure of GST, various components of GST (like supply, time, value, place of supply, input tax credit, reverse charge mechanism), and procedural aspects such as registration, returns, audit, and assessment. It also includes sections on special provisions like E-way Bill, anti-profiteering, and zero-rated supply. The Customs Law part delves into basic concepts, types of duties, valuation, and procedures for import/export.

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