The purpose of this book is to enable the taxable person to understand the applicability and impact of GST provisions with respect to the Textile Industry. The comprehensive and in-depth practical knowledge of the three authors would help in the implementation of the provisions in an easy manner.
This book is divided into eight parts as follows:
Part 1 – Introduction and Overview
Part 2 – GST impact analysis on relevant sectors: Manufacturers and Traders, Service Providers, Job workers and other supplies.
Part 3 – Conceptual law containing classification, ITC, valuation, place of supply, reverse charge and transitional provisions.
Part 4 – Procedural law containing registration, payment, returns, refunds, assessment, audit, advance ruling, appeals, penalties, demands etc.
Part 5 – Import and export containing SEZ supplies and FTP incentives.
Part 6 – Disputes mitigation and department actions, [focussing on prevention of possible disputes & their resolution].
Part 7 – Tax planning and professional services.
Part 8 – Miscellaneous containing FAQs and filled forms.