Introduction of Goods and Services Tax (GST) is a significant step in the reformation of indirect taxation in India.Goods and Services Tax laws are comprehensive indirect tax legislation on manufacture, sale and consumption of goods and services throughout India to replace the already existing tax laws like Central Excise law, Service Tax law, Value Added Tax law, Central State Tax law etc., levied by the Central and State governments.
GST has amalgamated several Central and State taxes into a single tax. It avoids double taxation, thus facilitating a common national market. The simplicity of levy and collection of GST has led to an easier administration and enforcement of GST laws. A thorough study of GST Acts has become essential for all persons especially the business persons. Unless a person understands the implications of GST fully, it is difficult to smoothly carry on his business.
This book namely ‘GST Simplified’ has explained the provisions of GST, IGST & UTGST Acts in simple and lucid language so that even a layman can easily understand and grasp the provisions of the Acts. Since all the sections of the three Acts have been covered, this book can be used as a ‘permanent reference book’ for all clarifications in the above three enactments. We fervently hope that this book will be extremely useful and an asset for all businessmen, advocates, law students and the public.