GST BOOK- Sample of THEORY

GOODS AND SERVICE TAX- GST

An emerging Concept which should be in knowledge of every Citizen to understand its Real benefits AND Specially to Chartered Accountant Students and other Professional Course Pursuing Students.

GST Connecting INDIA with the WORLD in ECONOMY DEVELOPMENT.

Choose the right book is like choosing to learn right concept and progressing every day. Commerce Gurukul Team have its Telegram Groups where students interacts with thousands of students and help to each other in sharing knowledge and clearing queries.

BOOK includes- Acts and Rules in specific supported by Flowcharts,etc which help students in various ways-Example-

• INCREASE ability to understand Legal terms and their understanding.
• Helpful to CLEAR Concepts (importance of SHALL/MAY, OR/AND, etc which change the meaning of interpretation).
• Helpful in preparation of Other subjects too... (HOW??? Ans- it increase ability automatically to create formula for long para/theory, ability to create short notes, etc)
• HELPFUL in REVISION 
• at end helpful in SUCCESS in EXAMINATION

Save time with smart learning in GST with COMMERCE GURUKUL BOOK > Focus in other subject increase > Increase number of times REVISION > CLEAR EXAM in first attempt > SAVE TIME > Contribute towards your SUCCESS.

SAMPLE-

1st lot is completely sold out and unstock.

ADVANCE BOOKING for Next lot - MORE YOU DELAY, MORE YOU LOOSE TIME, TIME PASS ON but exam dates are Fixed that not wait for your decision.... 

WHAT IS GST?  

• GST, the ‘destination tax’ 
• The most revolutionary tax reform in the Indian taxation history; will streamline the system through a single tax for supply of all goods and services across the country. 
• In India, the unified tax will take the form of a “dual” GST, to be levied concurrently by both the Centre and states. 
• The unified tax will comprise of a Central GST and a State GST, which will be legislated, levied and administered by the respective levels of government. The same taxable base will be subject to both GSTs. 
• The words “legislate, levy and administer” are key, since the Centre and the state will legislate the respective GST Acts and both will have power to administer the taxes. 
• The proposed tax system will subsume a variety of central and state levies such as Central Excise Duty, Service Tax and VAT, thereby simplifying the complicated tax structure and reducing compliance costs. 
• GST is a value added tax levied on manufacture, sale and consumption of goods and services. 
• ...........................

REVERSE CHARGE MECHANISM

After Studying this Chapter, you will able to know-

• Meaning of Reverse Charge……………….
• Types of Reverse Charge……………………….
• Registration……………….
• Input Tax Credit (ITC)……………….
• Time of Supply ……………….
• Compliances ……………….
• Supplies of Goods ……………….
• Supplies of Services ……………….
• Notification No. 10/2017- IGST……………….

Supplies of Services under Reverse Charge Mechanism

1. SERVICE- GTA Services. 

• SUPPLIER- Goods Transport Agency (GTA). 
• RECIPIENT- Any factory, society, co-operative society, registered person, body corporate, partnership firm, casual taxable person; located in the taxable territory.

1. SERVICE- Legal Services by advocate. 

• SUPPLIER- An individual advocate, including a senior advocate or a firm of advocates. 
• RECIPIENT- Any business entity located in the taxable territory.

1. SERVICE- Services supplied by an arbitral tribunal to a business entity. 

• SUPPLIER- An arbitral tribunal. 
• RECIPIENT- Any business entity located in the taxable territory.

1. SERVICE- Services provided by way of sponsorship to any body corporate or partnership firm. 

• SUPPLIER- Any person. 
• RECIPIENT- Any body corporate or partnership firm located in the taxable territory