Commentary on Revised Model GST Law

Contents: Part A: Introduction. 1. Introduction and Relevant Dates. 2. Tax Nomenclature before and after GST. Part B: Constitutional Provisions as to Legislation. 3. Understanding Constitutional Scheme of Taxation. 4. Enactment of Law by Passing Bills. 5. Constitutional (One Hundred and First Amendment) Act, 2016. Part C: Levy and Collection of Indirect Taxes: 6. Levy and Collection of Indirect Taxes in India, Deemed Sales, Declared Services and Problems therein Faced by the Assessee. 7. Levy and Collection of GST in India, Deemed Sales and Declared Services and Resolution of Problems Faced by the Assessee. 8. Person, Taxable Person and Registered Taxable Person. Input Tax Credit. 9. Input Tax Credit. 10. Transitional Provisions relating to Input Tax Credit. 11. Illustrations on GST. 12. Advantages of GST. Part D: understanding GST Law – Part II Business Processes: 13. GST Registration. 14. GST Tax Payment. 15. GST Return. 16. GST Refund. 17. GST Tax Invoice. 18. Role of IT Sector and Upgradation of Software of Business Organizations. 19. Treatment in Case of Sales/Purchase Return and Excess/Short Removal. Part E: Understanding GST law – Part III specified provisions: 20. CASUAL Taxable Person. 21. Non-Resident Taxable Person. 22. United Nations Organization. 23. Composition Levy. 24. Aggregator and E-Commerce. 25. Tax Deduction at Source. 26. IGST in Lieu of Additional Duties of Customs. 27. Input Service Distributor. Part F: Associated Things. 28. GST Council. 29. Workings of Central Clearing Agency. 30. GST Compliance Rating “A Control Measure for Defaulter Dealer”. 31. Issue of Charge Back in Credit Card/Debit Card Payment. 32 Electronic Cash Ledger, Electronic Credit Ledger and Tax Liability Ledger. 33 A Note on Cess Applicability. 34 Offences and Penalties. 35. Miscellaneous Provisions of the Act. 36. Miscellaneous Transitional Provisions. 37 News on GST Since Parliamentary Monsoon Session (2015). Annexures.