Understanding GST from scratch

GST being India's one of the most important Indirect Tax reforms since Independence has transformed the lives of people. Not only has it affected the business class but the common man equally. Understanding the complexities and taking this opportunity to make GST easy and understandable for the public, Sumit Dutt Majumder – Former Chairman, Central Board of Excise and Customs – has come up with his book titled 'GST: Explained for Common Man'.

Published by Niyogi books, the book will be launched by former President Pranab Mukherjee, followed by a comprehensive dialogue concerning the book by Bibek Debroy – Chairman, Economic Advisory Council to Prime Minister(EAC- PM), Mahendra Singh – Member (GST) Central Board of Indirect Taxes and Customs (CBIC), Indivjal Dhasmana – Economic Affairs Editor, Business Standard and Sumit Dutt Majumder – Former Chairman, Central Board of and Excise and Customs (CBEC) along with the author of the book.

The book reaches out to masses explaining the basic concepts of GST, along with the technical issues in a simple language. It covers the concepts of Supply, Input Tax Credit, IGST for inter-state trade, the Business Processes like Registration, Returns-filing, etc, and subjects like Composition Levy, Reverse, Charge Mechanism, and many more. Besides manufacturing, services, and trading, this book has also explained the GST application issues in sectors like education, healthcare, cooperative housing, telecom, tourism, etc. The narration has been backed by FAQs to facilitate easy understanding. This book will also help the beginners among the consultants, GST officers, and students.

Sumit Dutt Majumder joined the Indian Revenue Service in 1974, after his Masters in Physics from IIT Kharagpur. As a member (Central Excise) and then Chairman, CBEC, he was actively associated with the preparations for GST. He has been interacting with the trade across the country explaining the basics of GST. As Senior Advisor, International Tax and Investment Center, Washington, Sumit has been addressing Asia Pacific Tax Forum and African Tax Dialogue on GST in India. The European Union (EU) appointed him for its project in India on Capacity Building in GST. He is the author of a book on customs valuation and two more books on GST.