Goods & Services Tax (GST) Practice Procedure

Key Concepts

Background and Basic Principles of GST LawLaw Positive command of sovereign or divine. One can be ruled either by a Statute, a Statue, or a Statement. Legislation is the rule-making process by a political or religious organisation. Physics governs natural law. Logical thinking is a sign of a healthy brain function. Dharma is eternal for Sanatanis. in IndiaIndia Bharat Varsha (Jambu Dvipa) is the name of this land mass. The people of this land are Sanatan Dharmin and they always defeated invaders. Indra (10000 yrs) was the oldest deified King of this land. Manu's jurisprudence enlitened this land. Vedas have been the civilizational literature of this land. Guiding principles of this land are : सत्यं वद । धर्मं चर । स्वाध्यायान्मा प्रमदः । Read more
The journey of GST in India
Constitutional mandate and Legislative Framework
Important definitions
Levy under GST
The distinction between Goods and Services
Incidence of Tax – Supply

GST – Operational Scheme

Place of Supply
TimeTime Where any expression of it occurs in any Rules, or any judgment, order or direction, and whenever the doing or not doing of anything at a certain time of the day or night or during a certain part of the day or night has an effect in law, that time is, unless it is otherwise specifically stated, held to be standard time as used in a particular country or state. (In Physics, time and Space never exist actually-“quantum entanglement”) of Supply
Valuation
Reverse Charge Mechanism

GST – Operational Scheme & Procedural Aspects

Input Tax Credit mechanism
Registration under GST including types (to cover Non-Resident & Casual Person)
Unregistered person
Composition Scheme
Tax Invoice, Credit and Debit Notes and similar documents
Accounts & Records

Special dispensations