Centax’s GST Tariff of India 2021-22 by R.K. Jain (2 Volumes) – 14th Edition 2021-22

Description

R.K. Jain’s GST Tariff of India with GST Rates & Exemption of Goods & Services provides complete details about the Taxability & GST Rates along with Ready Reckoner for GST Rates, GST Notifications, Advanced Rulings & Case Laws. It also incorporates basic details, such as:

• How to use GST Tariff?
• How to Calculate Tax under GST
• Introduction to GST Tariff
• Classification of Goods & Services under GST
• List of Nil Rated/Exemption/Non-Taxable Goods under CGST, IGST, SGST & UTGST
• List of Nil Rated/Exemption/Non-Taxable Services under CGST, IGST, SGST & UTGST
• Exemption to Small Taxpayers with annual turnover up to INR 40 Lakh/20 Lakh/10 Lakh (Threshold Exemption)
• Composition Scheme for payment of 1% or 5% GST on Annual Turnover of Goods and Restaurant Service up to INR One and a half crore/75 lakh in a Financial Year
• New Composition Scheme w.e.f. 1-4-2019 for intra-State supplies of services or goods or both on payment of 6% GST (3% CGST + 3% SGST) on Annual Turnover up to INR 50 lakh in a Financial Year for taxpayers not covered under the existing composition scheme for goods and Restaurant services
• Reverse Charge Mechanism (RCM) under GST for Goods & Services
• C.B.I.&C.’s FAQs on Classification of Goods & Services and Rates of GST
• Statutory Provisions for GST levy, Rate of Tax, Exemptions —CGST Act, 2017 (Extracts)
• Interpretative Rules, as applicable to GST Tariff
• List of Abbreviations used in the Tariff

The Present Publication is the 14^th Edition, authored by R.K. Jain, as amended by the Finance Act 2021 & Updated till Notifications issued on 14-06-2021.

This book consists of 9 parts.

• Part 1 – GST Tariff; Goods (GST Rates up to 8 Digits of HSN/Customs Tariff & Exemptions under CGST, SGST, UTGST & IGST)
  • Rates Specified in Other Acts
• Part 2 – Notifications; GST Rates & Exemption for Goods
• Part 3 – GST Tariff; Services (Chapter 99)
• Part 4 – Integrated Goods and Services Tax (IGST)
  • Notifications issued under IGST
• Part 5 – GST Rates; Ready Reckoner for Goods (Ready Reckoner for GST Rates for Goods under CGST, SGST, UTGST & IGST)
• Part 6 – Compensation Cess for States & Other Cesses for Goods & Services
• Part 7 – Reverse Charge Mechanism for Goods & Services
• Part 8 – Commodity Index with HSN Codes
• Part 9 – Chronological List of Basic Notifications

The coverage of the book is as follows:

• 8 digits HSN wise CGST/SGST/UTGST/IGST rates applicable on supply of goods and services
• Compensation Cess
• Goods and services which are exempt from GST
• Goods and services which are subject to Reverse Charge liability
• All relevant Advance Rulings, Case Laws & department clarifications on the classification of goods and services and rates of GST
• Updated text of relevant GST Notifications
• Composition Scheme
• Alphabetical list of services
• Commodity index with codes
• Explanatory Notes to Scheme of Classification of Services under GST
• Relevant provisions of GST legislation relating to levy, exemption, rate of tax etc.