CBIC releases a comprehensive note on Goods & Service Tax (GST)

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The Central Board of Indirect taxes & Customs (“CBIC”) has released a comprehensive note on Goods & Service Tax (GST) containing the design of Indian GST, different GST legislations, role of CBIC & Goods and Services Tax Network (GSTN). It also contains a snapshot of numbers of registration and returns and revenue collection and explains the constitutional scheme of Indirect Taxation in India before GST, historical evolution of Indirect Taxation in post-Independence India till GST and need for GST in India.The note further explains important decisions taken during various GST Council meetings.

Complete Comprehensive note on Good & Service Tax can be accessed at : http://www.a2ztaxcorp.com/wp-content/uploads/2018/12/GST-Concept-Status.pdf

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