GST HOW TO MEET YOUR OBLIGATIONS-BY TAXMANN PUBLICATIONS- SS GUPTA – MAY 2025

Description

GST – How to Meet Your Obligations is a comprehensive two-volume commentary that simplifies the intricacies of India’s Goods and Services Tax (GST) regime. It is meticulously updated to incorporate the amendments introduced by the Finance Act 2025, and this authoritative work is designed to aid readers in navigating every aspect of GST—from basic concepts and levy provisions to specialised scenarios like e-commerce transactions, online gaming, deemed exports, SEZs, etc.

This book is intended for the following audience:

• Chartered Accountants, Tax Consultants & Finance Professionals – For in-depth coverage and updates on recent legislative changes, facilitating compliance and advisory services
• Corporate & Business Owners – For clarity on operational matters, including GST registration, returns, input tax credits, and advanced scenarios like job work or sale via bonded warehouses
• Law Practitioners & Company Secretaries – For legal and procedural guidance on GST disputes, appeals, and compliance enforcement
• Government Officers & Administrators – For insights into GST administration, assessments, audits, adjudication, and departmental procedures
• Academicians & Students – For a structured, detailed understanding of GST concepts and provisions, helping them excel in professional exams and research

The Present Publication is the 16^th Edition, amended by the Finance Act 2025. It is authored by S.S. Gupta, with the following noteworthy features:

• [Complete GST Coverage] Addresses every stage of GST compliance, from registration to appeals, with special coverage on unique scenarios such as online gaming and corporate guarantees
• [Latest Amendments] Incorporates all statutory and procedural changes introduced by the Finance Act 2025, ensuring you have the most recent guidance
• [Practical Insights & Examples] Abundant illustrations and examples help decode complex provisions, making this work a go-to reference for practical applications
• [Special Focus on Input Tax Credit] Detailed discussion on input, input services, capital goods, and ITC distribution, including critical aspects such as blocked credits, common credits, and time limits
• [Robust Legal & Procedural Guidance] Explains dispute resolution, appeals, and adjudication processes with step-by-step clarity
• [Easy-to-navigate Two-volume Set] Offers a logical flow—conceptual fundamentals in Volume 1 and advanced topics (e.g., MOOWR scheme, sale by duty-free shops, high sea sales, and e-commerce transactions) in Volume 2
• [Authored by a Leading Expert] S.S. Gupta is a member of ICAI, ICWAI, and ICSI, with decades of specialised experience in indirect taxation. His practitioner’s perspective brings clarity and actionable insights to complex legal provisions
• [User-friendly] Each chapter includes detailed headings, subheadings, and summaries for quick reference. The subject index at the end is exhaustive and user-friendly

The coverage of the book is as follows:

• Basic Concepts & Constitutional Framework
  • Evolution of GST and its constitutional underpinnings
  • Overview of key GST laws and their interplay
• Levy & Scope
  • Definitions of supply, goods, services, deemed supply, composition levy, and reverse charge
  • Classifications, place of supply, time of supply, and valuation rules
• Input Tax Credit (ITC)
  • Comprehensive exploration of inputs, input services, capital goods
  • Blocked credits, apportionment, and distribution of ITC
  • Recovery provisions and conditions for availing ITC
• Exports & Imports
  • Special procedures for export of goods/services, deemed exports, and SEZ transactions
  • MOOWR scheme, high-sea sales, bonded warehouse sales, and import of services
• Special Scenarios
  • E-commerce transactions, job work, online gaming, sale of business, mergers & acquisitions
  • Vouchers, intermediary services, actionable claims, and discount/incentive structures
• Transitional Provisions
  • Handling transitional credits and contracts
  • Anti-profiteering measures and implications
• GST Compliances
  • Registration process, documentation, tax invoices, and e-way bills
  • Returns, reconciliations, record maintenance, and payment of tax/interest
• Administration & Adjudication
  • Assessments, audits, departmental scrutiny, inspection, search, and seizure
  • Demand and recovery proceedings, provisional attachment, residual matters
• Penalties & Prosecution
  • Offences, confiscation, fines, arrest, prosecution procedures
• Dispute Resolution
  • Appeals to Appellate Authority, GST Appellate Tribunal, High Court, and Supreme Court
  • Advance Ruling Mechanism and GST Amnesty Scheme
• Each topic is examined under the lens of current GST rules, bolstered by references to essential notifications and circulars. Extensive tables of contents and indexes help readers quickly locate the guidance they need.

The structure of the book is as follows:

• Volume 1
  • Foundation & Core Concepts
    • Basic concepts, GST constitutional framework, and key levy aspects (such as supply, valuation, composition)
  • Input Tax Credit & Refunds
    • Exhaustive treatment of ITC provisions, eligibility, reversals, and refunds
  • Exports & Imports (Part 1)
    • Preliminary aspects of exports, imports, and SEZ transactions
• Volume 2
  • Advanced Topics & Special Scenarios
    • MOOWR scheme, duty-free shops, high sea sales, e-commerce, job work, vouchers, intermediary services
  • Transitional Provisions & Anti-profiteering
    • Guidance on credits transitioned from earlier laws, profiteering control measures
  • GST Compliances & Litigation
    • Registrations, returns, e-way bill compliance, assessments, audits, appeals, and advance rulings
  • Reference Materials & Appendices
    • Complete texts of CGST, IGST, UTGST, Compensation Cess Acts, and respective Rules for easy reference
• This two-volume approach ensures that readers can follow a natural progression—from the basics of GST to more nuanced scenarios and compliance requirements—without overwhelming cross-references

Read Less

About the author

S.S. Gupta

S.S. Gupta is a distinguished professional who holds memberships in the Institute of Chartered Accountants of India, the Institute of Cost and Works Accountants of India, and the Institute of Company Secretaries of India. He has an exemplary academic record and is the recipient of several scholarships, including the JRD Tata Merit Scholarship, Narsee Monjee College Merit Scholarship, and Sydnam Golden Jubilee Scholarship.

He began his career in industry, specialising in indirect taxation for six years before transitioning to a dedicated practice in 1988. Over the years, he has gained widespread respect for his expertise, frequently contributing to seminars and lectures and serving as a faculty member on indirect taxation at numerous colleges and institutions. Beyond his professional commitments, he is actively involved in various social organisations.

As an accomplished author, S.S. Gupta has penned several authoritative works on taxation. Among them, his books Service Tax – How to Meet Your Obligations and GST on Services, published by Taxmann, are highly regarded by practitioners across trade and industry.

Read More…