Law And Practice on GST Transition & Registration

Goods and Services tax (GST), a known tectonic shift in the existing indirect tax structure of India, is claimed to be the biggest tax reform since Independence shall transform the USD 2 trillion economy and a market of 1.3 billion people into a single economic zone. It is a primarily a tax instigator, which will lead to overhaul of business models and bring transformation for all major industries. Given the passage of the Constitution (101st) Amendment Bill, 2016 for GST in the Parliament on 8 August, 2016, approbation of the said Bill by more than 15 states by early September followed by its validation, and passage of four GST Bills in the Lok Sabha on 29 March, 2017 and Rajya Sabha on 6 April, 2017, the Government of India seems to be on course to implementing GST mantra of 'One Nation, One Market, and One Tax' with effect from 1 July 2017. The GST era beckons as the said bills gets the Presidential assent on 12th April, 2017. Amidst the discussion of the new law, its impacts and its provisions, the book "Law & Practice on GST Transition & Registration" broadly discusses at length the registration under GST and the transitional provisions from current indirect tax laws regime to GST regime. The book envisage to handle the DEMAND OF THE TIME i.e. Transition to GST & Registration. The understanding of the transitional provisions is utmost essential for a smooth switch over to new regime. The book creates a crystal clear concept for the same with exhaustive explanations, illustrations, flowcharts and tabulated scenarios. Besides for a better insight into the same, International case laws are also incorporated to provide a comprehensive understanding on the registration provisions to the readers in a lucid manner. This book is handy and user-friendly source and reference for those looking forward to informative understanding about the provisions for transition and registration under GST which may include industries, professionals and other stakeholders also.