The objective of this book is to explain the key concepts of GST in an easy and simple manner with the intention that the business community, which would be impacted by GST, can have good understanding of what is in store for them under the GST regime. The book also makes an attempt to explain the concepts of GST with the help of pictures, drawings, flowcharts and illustrations so as to provide practical insights and examples into how GST would impact the day-to-day business transactions. Through this book, an attempt is being made to simplify GST concepts for the businesses, especially the mid-size and small-size businesses, which may not have adequate access to the GST knowledge-base. We also believe that this book will be useful for tax consultants and students of GST in understanding the basic concepts of GST. The purpose of this book would be served if the readers are able to understand the basic concepts of the proposed GST.
Jayaram Hiregange is a Partner at Acer Tax & Corporate Services LLP. Jayaram holds a Bachelor’s degree in Law (LLB) and a degree in Cost and Management Accountant (CMA). Jayaram is a veteran in the ﬁeld of indirect taxation with more than 20 years of experience in industry and Big 4 consulting ﬁrm. Deepak Rao is a Partner at Acer Tax & Corporate Services LLP. Deepak holds a degree in Cost and Management Accountant (CMA) and a degree in MBA - Finance. Deepak is a veteran in the ﬁeld of indirect taxation with more than 20 years of experience in Industry and Big 4 consulting ﬁrms.