GST ON SERVICES- MAY 2025
Description
GST on Services offers an exhaustive, point-by-point analysis of the GST law as it applies to services. Authored by a renowned expert with decades of experience in indirect taxation, the book combines theoretical knowledge with practical insights, helping readers navigate the ever-evolving GST framework. Within its comprehensive scope, the commentary tackles fundamental GST concepts—like supply, reverse charge, input tax credit, time and place of supply, and valuation—while also delving into nuanced issues in various sectors (IT & software, construction, banking, healthcare, travel, etc.). It incorporates all amendments introduced by the Finance Act 2025 and recent judicial decisions and notifications, ensuring you have the most current legal positions.
This book is intended for the following audience:
- Chartered Accountants, Cost Accountants & Company Secretaries – Detailed references, illustrations, and analyses make it an essential resource for compliance, advisory, and litigation support
- Corporate Tax & Finance Professionals – Comprehensive guidance on implementing GST processes, especially for service-focused businesses (including IT services, e-commerce, event management, logistics, etc.)
- Lawyers & Tax Consultants – In-depth commentary on critical sections and rules, supplemented by case laws and legal interpretations
- Government Officers & GST Practitioners – Clarity on policy intent, departmental positions, and practical complexities in the day-to-day administration of GST on services
The Present Publication is the 3rd Edition | 2025, amended by the Finance Act 2025. This book is authored by S.S. Gupta with the following noteworthy features:
- [Latest Amendments] Incorporates all changes brought in by the Finance Act 2025, providing up-to-date commentary and clarifications
- [In-depth Sectoral Analysis] Separate divisions cover general GST provisions and service-specific aspects (e.g., Banking, Insurance, IT, Hospitality, Construction, etc.).
- [Comprehensive Scope] Covers everything from basic definitions and charging provisions (supply, reverse charge, etc.) to procedural compliance (TDS, TCS, registration, returns)
- [Practical Illustrations] Uses practical examples and scenarios—like online ticket booking, software development contracts, restaurant services—to demonstrate intricate points of law
- [Clear Structuring] The content is arranged in logical divisions and chapters, making it easy to navigate. Appendices include essential rate schedules, exemption lists, and reverse-charge notifications
- [Expert Authorship] The author's broad expertise—ensures a robust interpretation, supported by case laws and departmental clarifications
- [Practical Focus] Incorporates examples, recent circulars, departmental FAQs, and updated compliance requirements. Special emphasis is placed on complex transactions in the service sector, including online platforms, software licensing, e-wallets/vouchers, events and media, etc.
- [User-friendly Approach] Each chapter highlights possible pitfalls, compliance tips, and illustrations to clarify intricate legal provisions. A separate segment on judicial precedents ensures you remain current on the latest interpretations from courts and tribunals
The coverage of the book is as follows:
