v
vi
UNIT 1 : GST
CHAPTER 1
BASIC CONCEPTS OF GST
vii
Contents
viii
CHAPTER 2
CONCEPT OF SUPPLY
ix
Contents
CHAPTER 3
LEVY OF GST
Contents
x
CHAPTER 4
EXEMPTIONS FROM GST
CHAPTER 5
PLACE OF SUPPLY
CHAPTER 6
TIME OF SUPPLY
xi
Contents
CHAPTER 7
VALUE OF TAXABLE SUPPLY
CHAPTER 8
REVERSE CHARGE MECHANISM
Contents
xii
CHAPTER 9
INPUT TAX CREDIT
CHAPTER 10
COMPOSITION SCHEME AND ALTERNATIVE COMPOSITION SCHEME
xiii
Contents
CHAPTER 11
REGISTRATION
Contents
xiv
CHAPTER 12
TAX INVOICE, CREDIT AND DEBIT NOTES
xv
Contents
CHAPTER 13
RETURNS, TAX PAYMENT AND INTEREST
Contents
xvi
CHAPTER 14
PROVISIONS GOVERNING REAL ESTATE SERVICES
CHAPTER 15
PROBLEMS ON GST
UNIT 2 : CUSTOMS DUTY CHAPTER 16
BASIC CONCEPTS OF CUSTOMS LAW
CHAPTER 17
TYPES OF CUSTOMS DUTY
xvii
Contents
CHAPTER 18
VALUATION
CHAPTER 19
CUSTOMS PROCEDURES, BAGGAGE, EXEMPTIONS
APPENDIX 1 GST EXAMINATIONS AND ANSWERS CA Intermediate, May 2023 CA Intermediate, November 2022 CA Intermediate, May 2022 CA Intermediate, December 2021 (New) CA Intermediate, July 2021 (New) CA Intermediate, July 2021 (Old) CA Intermediate, January 2021 (New) CA Intermediate (IPC), January 2021 (Old) CA Intermediate, November 2020 (New) CA Intermediate, November 2019 (New) CA Intermediate, May 2019 (New) CA Intermediate, November 2018 (New) Delhi University B.Com. (Hons.), May 2018
APPENDIX 2
ANSWERS TO UNSOLVED EXERCISES
140
141
Tax invoice
Para 493.2
Para 493.3
Input tax credit
142
143
Receipt of goods/services
Para 493.5
Restriction of 100 per cent is not supplier wise - Ineligible input tax credit - Separate restriction - Reversal of input tax credit in the case of non-payment of tax by the supplier -
120 per cent during October 9, 2019 and December 31, 2019 or 110 per cent during January 1, 2020 and December 31, 2020 or 105 per cent during January 1, 2021 and December 31, 2021.
Para 493.6
Input tax credit
144
Time-limit to avail input tax credit
Failure to make payment to supplier of input goods/services -
Tax component of capital goods on which depreciation is claimed under income-tax - Items not eligible for input credit -
145
Items not eligible for input credit
Para 493.9
Car
5 persons
Used by employees of taxpayer for performing official duties
Not available
Mini bus
13 persons
Used by employees of taxpayer for performing official duties
Not available
Mini bus
14 persons
Used by employees of taxpayer for performing official duties
Available
Para 493.9
Input tax credit
146
When input tax credit is available - a. b. c. d. e. Similar rule for vessels/aircraft taken on lease - b i Similar rule for input services of general insurance, servicing, repair and maintenance of vessels or aircraft - ab
147
Items not eligible for input credit
Para 493.9
SERVICES OF GENERAL INSURANCE, SERVICING, REPAIR AND MAINTENANCE RELATING TO ABOVE MOTOR VEHICLES, VESSELS a aa see a. b. OR AIRCRAFT [SEC. 17(5)( )]
SUPPLY OF GOODS/SERVICES PERTAINING TO FOOD, BEVERAGES, OUTDOOR CATERING, BEAUTY TREATMENT, HEALTH SERVICES, COSMETIC AND PLASTIC SURGERY, LEASING OF VEHICLES, VESSELS OR AIRCRAFT [SEC. 17(5)( )( )] a. b. c. d. e. f. a aa see g. Input tax credit available if input supply is used for making outward taxable supply of same category - Input tax credit available where service is provided by an employer under legal obligation -
Para 493.9
Input tax credit
148
Input tax credit available where service is provided by an employer under legal obligation -
Input tax credit available if provided under legal obligation -
Input tax credit available for further supply of works contract service - Construction includes renovation, alteration, etc. - Plant and machinery - Construction includes renovation, alteration, etc. - Plant and machinery -
-
149
How ITC is allowed for payment of CGST, SGST, UTGST and IGST
Para 494
Para 494.1
Input tax credit
150
151
Order of utilization of input tax credit
Para 494.1
Para 495
Input tax credit
152
153
Mode of computation of ITC pertaining to capital goods Different components see
Para 496 Reference
Rs.
zero
Notes 1. 2. 3. 4. 5. b ¡ 6. ¢ £ ¤ plus ¥ ¤ 7.
¦
Para 497
Input tax credit
154
¡ ¢
STUDENTS' GUIDE TO GST & CUSTOMS LAW AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE
: : : : : : :
VINOD K. SINGHANIA TAXMANN JANUARY 2024 12th Edition 9789357784917 358 PAPERBACK
Rs. 895 USD 12
DESCRIPTION This book has been written to minimize the need to consult multiple books while preparing for the exam and give the students a step-by-step guide for learning the subject. This book is written in simple language, explaining the provision of the law in a step-by-step manner with the help of suitable 'original' illustrations, without resorting to paraphrasing of sections and legal jargons. This book helps bridge the gap between theory and application of the subject matter. The Present Publication is the 12th Edition & updated till 1st January 2024. This book is authored by Dr Vinod K. Singhania, with the following noteworthy features: • Coverage of this book includes: o Unit 1 covers GST comprehensively o Unit 2 covers Custom Duty comprehensively • [Self-Learning/Practice Book] Features teach yourself technique enabling students to learn faster • [Analytical Discussion] Each para starts with analytical discussions supported by 'well-thought-out-original-problems'. A unique style of illustrating all complex provisions has been adopted • [Theoretical Discussions Supplemented by 300+ 'Unique' Illustrations] providing solutions to the knotty problems with reference to the latest position of the law • [Unique Illustrations] The problems/illustrations provided in this book have neither come in any examination paper nor are these to be found in print anywhere • [Solved/Unsolved Problems for Practice] Every solved problem is followed by an unsolved exercise, for which answers are given at the end of the book • [Follows Six-Sigma Approach] to achieve the benchmark of 'Zero-Error'
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