Goods and Services Tax (GST) has fundamentally transformed the way businesses operate and how taxation is perceived in India. As one of the most significant reforms in the Indian tax system, it has streamlined the process of tax collection and administration, bringing about efficiency, transparency, and ease of doing business. The growth in GST collections and the broadening of the taxpayer base serve as evidence of the efficacy of this revolutionary indirect tax system.
The implementation of GST in India has been significantly influenced by the active contributions of our Institute through its GST & Indirect Taxes Committee. The Committee has been a consistent source of constructive feedback to the Government throughout the development and implementation stages of GST.
Through a proactive approach, ICAI has been actively supporting its members, fostering skill enhancement through the organization of certificate courses, conferences, programmes, webinars etc. on GST. Additionally, the Committee has been diligent in developing and revising technical publications on varied range of topics pertaining to GST.
I am delighted to note that the GST & Indirect Taxes Committee has come out with another revised (ninth) edition of the publication, “GST Act(s) and Rule(s)- Bare Law”. The publication is a compilation of various Acts and Rules pertaining to GST. The Ninth edition of this publication is updated with amendments upto 1st January, 2025.
I appreciate and commend the efforts of CA. Sushil Kumar Goyal, Chairman, CA. Rajendra Kumar P, Vice-Chairman as well as the members of the GST and Indirect Taxes Committee and all others, who have contributed in updating this useful publication for the benefit of the members & other stakeholders. I am confident that members will find this publication of great use in carrying out their professional assignments in an efficient and effective manner.