About GST

One Nation, One Tax

 Goods and Service Tax

 

GST is a single comprehensive tax levied on goods and services consumed in an economy. It would mainly subsume union excise duties, customs duties (CVD/SAD), service tax and state VAT into a single levy. Introduction of GST would be the second major reform in India in the area of Indirect Taxes after Value Added Tax in the State in 2005.

 

GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will impact the tax structure, tax incidence, tax computation, tax payment, compliance, credit utilization and reporting, leading to a complete overhaul of the current indirect tax system.

 

GST will have a far-reaching impact on almost all the aspects of the business operations in the country, for instance, pricing of products and services, supply chain optimization, IT, accounting, and tax compliance systems.

 

Followings are the links to the GST documents.

 

Sr.No.

Year

Particulars

Links

1

2009

First discussion paper

http://www.cbec.gov.in/resources//htdocs-cbec/gst/1st-discn-paper.pdf

2

2010

Comments of the Department of Revenue (DoR) on the First Discussion Paper on GST

http://www.cbec.gov.in/resources//htdocs-cbec/gst/comments-DoR-1st-discn-paper-01012010.pdf

3

2011

115 Constitution Amendment bill

http://www.cbec.gov.in/resources//htdocs-cbec/gst/consti-amend-bill-115-2011.pdf

4

2013

Standing Committee Report on 115 Constitution Amendment bill

http://www.cbec.gov.in/resources//htdocs-cbec/gst/sc-rpt-consti-amend-bill-115-2013.pdf

5

2014

122 Constitution Amendment bill

http://www.cbec.gov.in/resources//htdocs-cbec/gst/consti-amend-bill-122-2014.pdf

6

2015

Report of Select Committee of Rajya Sabha on 122 Constitution

http://www.cbec.gov.in/resources//htdocs-cbec/gst/sc-rpt-consti-amend-bill-122-2015.pdf

7

2015

Revenue Neutral Rate – CEA Report

http://www.cbec.gov.in/resources//htdocs-cbec/gst/cea-rpt-rnr.pdf

8

2015

Report of the Joint Committee on Business Process on GST Payment Process

http://www.cbec.gov.in/resources//htdocs-cbec/gst/Report_on_GST_Payment%20Process-042015.pdf

9

2015

Report of the Joint Committee on Business Process on GST Registration

http://www.cbec.gov.in/resources//htdocs-cbec/gst/Report_on_GST_Registration-072015.pdf

10

2015

Report of the Joint Committee on Business Process on GST Refund

http://www.cbec.gov.in/htdocs-cbec/gst/Report_on_GST_Refund%20Process-082015.pdf

11

2015

Report of the Joint Committee on Business Process on GST Return

http://www.cbec.gov.in/resources//htdocs-cbec/gst/Report_on_Return-102015.pdf

12

2016 (June)

Model GST law

http://www.cbec.gov.in/resources//htdocs-cbec/deptt_offcr/model-gst-law.pdf

13

2016

Draft rules and formats

http://www.cbec.gov.in/htdocs-cbec/gst/draft-rules-format

14

2016

101st Constitution Amendment Act

http://www.cbec.gov.in/resources//htdocs-cbec/gst/consti-amend-act-101-2016.pdf

15

2016

FAQs on Model GST

http://www.cbec.gov.in/resources//htdocs-cbec/deptt_offcr/faq-on-gst.pdf

16

2016 (November)

Revised Model GST laws

http://www.cbec.gov.in/htdocs-cbec/gst/revised-gst-laws

17

2016

GST Suvidha Provider (GSP)

http://www.gstn.org/ecosystem/

18

2016

GST concept and status for department (December 29016)

http://www.cbec.gov.in/resources//htdocs-cbec/gst/gst-concept-status-0101017.pdf

19

2017

CGST Act , IGST Act
UTGST Act ,  GST (Compensation to the States) Act

http://www.cbec.gov.in/htdocs-cbec/gst/index#

20

2017

Overview on GST

http://www.cbec.gov.in/htdocs-cbec/gst/gst-ovw

21

2017

GST - Concepts  & Status (April 2017) (English / Hindi)

http://www.cbec.gov.in/htdocs-cbec/gst/index#

22

2017

FAQs on GST (2nd Edition)  (English / Hindi)

http://www.cbec.gov.in/htdocs-cbec/gst/index#

23

2017

Draft rules and formats

http://www.cbec.gov.in/htdocs-cbec/gst/draft-rules-format