The paradigm shift from origin-based tax to destination based, aligning India to global VAT/ GST based tax from July 1, 2017, is stabilizing and to simplify the implementation of GST Law, the Government from time to time has brought in various notifications, circular etc.
Knowledge of amendments under GST is a pre-requisite to avail various benefits. Various notifications have been issued since roll out of GST regime on different aspects like introduction of e-way bill Rules, deferment of RCM provisions, and exemptions from compulsory registration etc. to facilitate the implementation of GST as smoothly as possible. In order to enhance the knowledge, it is essential for the professionals to study, analyse, update and discuss the changes taking place in GST Law. To enable these pursuits and grab professional opportunities lying ahead, the Indirect Taxes Committee of ICAI has come up with “E-Handbook on GST Amendments”.
This Handbook has been specifically designed to provide an in-depth knowledge of various aspects/provisions under GST which has undergone changes impeccable for smooth implementation of GST vide Notification, Circulars, Orders. Topic wise discussion of the relevant portion of Notification, Circulars, Orders will enable the readers to understand intricacies involved in GST Law and keep pace with rapid changes taking place in GST.
Moving on the same path one such initiative of the Committee is “E-Handbook on GST Amendments”, which aptly covers topic wise important amendments or clarification made through Notification, Circulars, Orders, since its roll out for smooth implementation of GST till March,2018. This handbook interalia covers clarifications received on various issues related to job work, refund, time line for filling various returns, deferment of reverse charge on all supplies received by a registered person from unregistered persons etc. We are sure this publication will be a useful resource material in the hand of all the reader to adapt rapid changes taking place in GST implementation. The search for key words would be helpful along with the updated BGM which is expected to be released in the end of the month.