Description
TAXMANN GST & Customs Law by K.M. Bansal
Taxmann's flagship publication on GST & Customs Law aims to fulfil the requirement of students of undergraduate
courses in commerce and management, particularly the following:
Choice Based Credit System
B.Com. (Hons.) Semester VI: Paper BCH 6.2: Goods and Services Tax (GST) and Customs Law
B.Com. Semester V: Paper BC 5.2(b): Goods & Services Tax (GST) and Customs Law
Non-Collegiate Women's Education Board
School of Open Learning of University of Delhi
Various Central Universities throughout India.
This book aims to minimize the need to consult multiple books while preparing for the exam and give the students a step-by-step guide for learning the subject.
This book is written in simple language, explaining the provision of the law in a step-by-step manner with the help of suitable illustrations, without resorting to paraphrasing of sections and legal jargons. This book helps bridge the gap between theory and application of the subject matter.
This book is an authentic, up to date & amended textbook on GST & Customs Law. The Present Publication is the 7th Edition & Updated till 1st January 2022, authored by CA (Dr.) K.M. Bansal, with the following noteworthy features:
[Most Updated & Amended] This book incorporates the following amendments:
After the rollout of GST in India with effect from 1st July 2017, there have been many changes in the GST laws.
Up to 31st December 2021, 367 Central Tax notifications have been issued by the Central Government
The related numbers are 223 and 168 regarding Central Tax (Rate) notifications and CGST circulars, respectively
Till date, the GST Council held 46 meetings to discuss the anomalies, approval of amendments, budget proposals and other practical issues in the implementation of GST laws
The latest GST Council's 46th meeting was held on 31st December 2021 in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman
[Sections 108, 109 and 113-122 of the Finance Act, 2021] which have been made applicable vide Notification No. 39/2021-CT dated 21-12-2021, enforced with effect from 1-1-2022, have been incorporated in the present edition.
[Section 16(2) (aa) of CGST Act, 2017 & Section 109 of Finance Act, 2021] w.e.f. 1st January 2022 and the subsequent Notification No. 40/2021-CT, dated 29th December 2021, w.e.f. 1-1-2022 has been duly incorporated in Chapter 10 (ITC) and Chapter 11 (Payment of taxes). Also, the related illustrations have been modified as per the new provisions to enable the student to understand this amendment.
[Self-Learning/Practice Book] Features teach yourself technique enabling students to learn faster
[Student-Oriented Book] This book has been developed, keeping in mind the following factors:
Interaction of the author/teacher with their students in the classroom
Shaped by the author/teachers experience of teaching the subject-matter at different levels
Reaction and responses of students have also been incorporated at different places in the book
[Each Paragraph Starts with an Introduction] which aims to set the objective and focus of students regarding the content that will follow
[Each Chapter Contains a Complete Explanation] of the topic with suitable examples followed by graded illustrations and questions for practice
[Question of Recent University Examinations] have been incorporated in the book:
B.Com. (Hons.) | 2018 – (June) 2021
B.Com. | 2017 – December 2021
[Follows Six-Sigma Approach] to achieve the benchmark of 'Zero-Error'
The contents of the book are as follows:
Indirect Taxes in India: Pre-GST Era
GST in India: An Introduction
Registration
Supply under GST
Levy and Collection of GST
Exemptions from GST
Place of Supply
Time of Supply
Value of Supply
Input Tax Credit
Payment of Taxes
Job Work
Reverse Charge Mechanism
Tax Invoice, Credit and Debit Notes
Returns under GST
Accounts, Records & Audit
Assessment
Offences, Penalties & Appeals
Miscellaneous Provisions
Basic Concepts of Customs Law
Types of Customs Duty
Valuation under Customs
Customs Procedure
Baggage and Exemptions
About the author
K.M. Bansal
CA. (Dr.) K.M. Bansal is an Associate Professor in the Department of Commerce, Dr. B.R. Ambedkar College, University of Delhi. He is a Gold Medalist from Shri Ram College of Commerce and University Rank Holder in M.Com. He has done M.Phil. (Accounting and Finance) from Delhi School of Economics, University of Delhi. He has been a Guide for students of M.Phil. He is also a member of the Institute of Chartered Accountants of India. Dr. Bansal holds a vast professional teaching experience of more than two decades. He is also associated with ICAI and ICSI as a visiting faculty. He has been a speaker at various conferences, seminars and workshops organized by ICAI.
He keeps himself abreast of the latest changes in the field of accounting and law. He is very particular in adopting a uniform approach while analyzing the practical problems on a given topic.
On the occasion of the Diamond Jubilee year of NIRC of ICAI in 2011, Dr. Bansal has been felicitated with a certificate of appreciation to acknowledge and appreciate the valuable and incredible services provided by him.
On 24th February 2016, he was given the same certificate once again to appreciate and acknowledge his services as a Faculty Member during 2015-16. On the occasion of the Annual Prize Distribution Function of ICAI held on 20th February 2016, Dr. Bansal has been awarded for Commendable Contribution in Activities of the profession of NIRC of ICAI. Dr. Bansal has been felicitated with a certificate of appreciation to acknowledge and appreciate the valuable and incredible services provided by him.
Dr Bansal has been a key speaker at Faculty Development Programmes organised by various colleges of the University of Delhi