GST- Concepts and the Scope of Supply

About the Book: We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. where the Winston Churchill quote depicted the feeling of frustrated tax payers how they are expressing distress and annoyance. The indirect taxes -Goods and Services Tax (GST) are paid by every human (and for non-Human) on their stepping in the process of day-to-day routine. The book encapsulates the Goods and Services Tax (GST) Concepts and the scope of Supply focusing upon the following broad areas like Basic Concepts Components Composition Scheme Input tax credit Supply Reverse Charge Mechanism E-way bill Registration Returns and other aspects of GST. The purpose of this book is to impart students/ readers conceptual understanding of the provisions of GST. The introduction of GST has changed the landscape of fiscal federalism in India. It has charted out a new course for Union-State fiscal relations signifying the spirit of co-operative federalism. The new tax is contributing to make India a flawless national market elevating trade and industry and in turn economic growth. This ensures facilitating administration and improved compliance and collection of taxes on supply of goods and services. About the Author: Dr.S.Varadharaj is currently working as a Professor and Head of the Dept. of commerce Government Arts and Science College Perumbakkam Chennai TamilNadu South India. He has published a textbook on Indirect Taxation in March 2019. This book was recommended as a suggested reading textbook by various universities as well as by the Board of Studies (BOS) in a number of Autonomous colleges and Deemed universities in Tamilnadu. A student-friendly revised edition of the Text book on Indirect Taxation for UG & PG syllabus based on Indian universities was published towards the end of the year 2019.