Costing and Taxation · Ch 7 — Goods and Service Tax (GST)
Terms Introduced in the Chapter
Terms Introduced in the Chapter
This section collects, in one place, every term introduced in this chapter, for quick refere …
A comprehensive, multi-stage, destination-based indirect tax on the supply of goods and services, effective in In …
The Constitutional amendment that gave Parliament and State Legislatures concurrent power to tax the supply of goods and services, and est …
A pre-GST problem where tax was charged on a value already including an earlier stage's tax — removed by GST's in …
The Centre and the States/UTs simultaneously levy GST on the same taxable supply — CGST+SGST (or CGST+UTGST) intra-State/UT, IG …
The four GST components — see Section 7.iii for when eac …
The Centre-State constitutional body recommending GST rates, exemptio …
Credit for GST paid on inputs, set off against GST payable on outputs — the mechanism rem …
The unique 15-character GST registration number issued to every registe …
The organisation operating the common GST portal for registration, returns, and paym …