Goods and Service Tax: - law, procedure, applicability, assessment, advance ruling

Look at the last bill from a restaurant in Bandra or a mobile shop in Thane. Near the bottom there is a line for GST, split into two halves. Who decided that tax would be charged on your dosa, who collects it, and why does the shopkeeper not simply keep it? One law, the Central Goods and Services Tax Act 2017, together with its state and integrated twins, answers all of this, and this topic takes you through the chapters a first-time student must know.

In two minutes

GST is one destination-based tax on the supply of goods and services, levied as CGST plus state GST on a supply inside a state and as IGST on a supply between states, with credit for tax paid on inputs flowing through the whole chain.

The rest of this chapter

The full explanation, the cheat sheet, every previous-year question at every mark weight, the quiz and the answer skeletons are part of Law of Taxation on LexBlox Semester. Sign in to unlock the subject, or read Module 1 of Legal Language and Writing free.