Here we will see section 2 of the CGST Act, 2017. It consists of the definition part (CGST Act, 2017 as amended up to 31.08.2021). Definitions.— In this Act, unless the context otherwise requires,– (1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, […]
India has a three-tier federal structure, comprising the: Union Government (Central Government) State Government Local Government The power to levy taxes and duties is distributed among the three tiers of Governments, as per the constitution of India. The constitution of India is the supreme law of India. It consists of: a preamble 25 parts containing […]
GST Exams GST in India – An Introduction Background of GST What is GST? Why Need for GST? Structure/ Framework of GST Benefits/ Advantages of GST Supply Under GST Taxable Event Under GST Meaning of Supply Other important Points Charge of GST What is the Inter-State Supply? What is the Intra-State Supply? Output and Input […]
GST for exams GST in India – An Introduction Supply Under GST Charge of GST Exemptions from GST Time and Value of Supply Input Tax Credit (ITC) Registration Tax Invoice, Credit and Debit Notes, E-way Bill Payment of Tax Returns Learn GST for your exams and we’re also adding online quizzes and some more interesting […]