GOOD AND SERVICES TAX

The introduction of Goods and Services Tax (GST) on 1st July 2017 was a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax the aim was to mitigate cascading or double taxation in a major way and pave the way for a common national market. The Under Graduate syllabus of Commerce and Management courses of all major universities have been amended to accommodate the inclusion of Indirect taxes with the implementation of GST Act. Since it is recently included; there are very few books which explain the nuances of taxation under GST. Hence there is a need for a simple and explanatory text book which the students can fall back on. In this book the concept of GST and its working applicability will be explained in detail with illustrations. The language of the book is also kept simple for the benefit of students for their understanding.