This book is a definitive, two-volume reference that comprehensively composes the most up-to-date, amended, and annotated texts of GST laws, rules, and notifications. This manual presents the full texts of key GST Acts and integrates a specially curated guide covering 25+ critical topics and a detailed section-wise digest of landmark judicial rulings.

This book is intended for the following audience:

• Tax & Legal Professionals – Those who require a complete and current understanding of GST legislation, rules, and case laws
• Accountants and Compliance Experts – Individuals responsible for GST compliance, invoicing, and financial reporting
• Government Officials & Policy Makers – Professionals who monitor and interpret changes in tax legislation and related notifications
• Corporate and Finance Teams – Teams seeking clarity on GST implementation and procedural nuances
• Academicians & Researchers – Scholars and students needing a detailed reference with annotated statutes and landmark rulings

The Present Publication is the 23^rd Budget 2025 Edition, updated till 1^st February 2025. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Amended & Annotated Text] The manual includes the most recent, amended, and annotated texts of the GST Acts and Rules, ensuring that you always have access to accurate and updated legal provisions
• [Integrated Presentation] Each section of the GST Acts is accompanied by:
  • Relevant Rules & Forms (with Action Points)
  • Notifications enforcing the provisions
  • Dates of Enforcement
  • Allied Laws referenced within the section
• [Comprehensive Guide] A specially curated guide spanning over 380 pages and covering 25+ topics offers a clear and detailed explanation of GST concepts—from the taxable event and value of supply to reverse charge and e-way bills
• [Digest of Landmark Rulings] A section-wise digest compiles important judicial pronouncements, making it easy to understand the interpretation and practical application of GST laws
• [Error-free Commitment] Developed by Taxmann’s Editorial Board, the manual follows a rigorous Six Sigma approach to achieve the benchmark of ‘zero error’, ensuring reliability and precision

The coverage of the book is as follows:

• A Comprehensive Guide to GST Laws (380+ pages covering 25+ topics)
  • Acronyms in GST
  • Introduction to GST
  • Taxable Event in GST
  • Value of Taxable Supply of Goods or Services (or both)
  • Input Tax Credit (ITC)
  • Place of Supply (for goods, services, and both domestic as well as export/import scenarios)
  • Exports and Imports
  • Time of Supply of Goods and Services
  • Reverse Charge Mechanism
  • Exemptions and Notifications
  • Concessions for Small Enterprises
  • Important Taxable Services
  • Government Related Activities
  • Basic Procedures in GST Compliance
  • Tax Invoice, Credit and Debit Notes
  • E-Way Bill for Transport of Goods
  • Payment Procedures (Cash and through ITC)
  • Returns, Assessments, and Audits
  • Demands, Recovery, and Refunds
  • Powers of GST Officers, Offences & Penalties
  • Appeal, Revision, Prosecution, and Compounding
  • Electronic Commerce & Miscellaneous Issues
  • GST Compensation Cess
  • Constitutional Background of GST
• Amended, Updated & Annotated Statutory Texts
  • Central Goods & Services Tax Act, 2017 (including all related Removal of Difficulties Orders and allied texts)
  • Integrated Goods & Services Tax Act, 2017
  • Union Territory Goods & Services Tax Act, 2017 (with applicable Removal of Difficulties Orders)
  • Goods & Services Tax (Compensation to States) Act, 2017
• GST Rules and Forms
  • Central, Integrated, and Union Territory GST Rules, including specialized rules for regions like Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, and Lakshadweep
  • GST Compensation Cess Rules and Settlement of Funds Rules
  • Latest rules regarding appointments, service conditions, and tribunal reforms
• Notifications & Amendments
  • Comprehensive listings of notifications issued under the CGST, IGST, and UTGST Acts, including rate notifications and notifications on compensation cess
• Judicial & Regulatory References
  • Case Laws Digest – Section-wise and alphabetical keys to landmark rulings from the Supreme Court, High Courts, and other authorities
  • CBIC’s FAQs – Frequently asked questions for quick clarifications
  • Circulars & Clarifications – Latest circulars to aid in the interpretation of GST provisions
  • Constitutional Provisions – Detailed coverage of the Constitution (One Hundred and First Amendment) Act, 2016 and other related constitutional provisions

The structure of the book is as follows:

• Guide to GST Laws – A step-by-step explanation of key GST concepts and operational procedures
• Statutory Provisions – Full texts of GST Acts (Central, Integrated, Union Territory, and Compensation to States) are presented along with relevant removal of difficulties orders and allied legal texts
• GST Rules & Forms – Detailed rules, forms, and procedural guidelines necessary for compliance and implementation
• Notifications – A comprehensive compilation of notifications and amendments under various GST Acts, ensuring you stay current with legislative changes
• Judicial Digest – An organized digest of landmark rulings that provides valuable insights into the judicial interpretation of GST laws
• Additional Resources – Sections dedicated to CBIC FAQs, circulars, clarifications, and constitutional provisions that impact GST