Indirect Taxes Committee of the Institute of Chartered Accountants of India (ICAI) has issued Frequently Asked Questions (FAQs) on the new Goods and Services Tax (GST) regime.
The document provides a comprehensive coverage of GST in easy to understand question answer format and written in lucid language which would facilitate the reader to easily comprehend the emerging law.
It has been prepared under the guidance of CA. Madhukar N. Hiregange, Chairman, CA. Sushil Kumar Goyal, Vice-Chairman and other members of the Indirect Taxes Committee of the Institute.
The FAQs cover all the important topics such as Levy and Collection of Tax, Time and Value of Supply, Input Tax Credit, Registration, Tax Invoice, Credit and Debit Notes, Accounts and Records, Returns, Payment of Tax, Refunds, Assessment, Audit, E-way Bill etc.
Read the full text of the FAQs below.
