With the Constitution (101st Amendment) Act, 2016, passed unanimously in both the Houses of the parliament, which September, 2016, GST has become a reality. Subsuming majority of the Indirect taxes implemented since over seven decades, it is the biggest tax reform since Independence. GST will be a driving force in reshaping the Indian Economic stature. GST is proposed to be finally levied and collected from 1st April, 2017. Implementation of any new law, brings with it a world of queries and clarification from trade, industry, consultants and common man at large. ..................................................................................................................... Contents Chapter1. The Prologue-GST Unplugged Chapter2. GST: The Need Of The Hour Chapter3. Odyssey Of GST: A Long Journey Chapter4. The Constitution, Its Proposed Amendment And The Impact: A National Debate Chapter5. Gst Council: A Paramount Role Chapter6. Taxes Subsumed And Not Subsumed Chapter7. GST Structure And Framework Chapter8. Goods And Services Tax Dispute Settlement System: The Trust Deficit Chapter9. Weighted Voting Mechanism : A Topic Deliberately Avoided Chapter10. Revenue Neutral Rate: A Statistical Conjuration Chapter11. GST Administration : A Major Revamp Administration- CGST/SGST Act-Officers Under The Central Goods And Services Tax Act Chapter12. Goods And Services Tax Network (GSTN): The National Tax GRID Chapter13. GST Suvidha Provider (GSP) Chapter14. Registration Process- The First Step Chapter15. Payment Process-The Money Matters Chapter16. Return Process: The compliance Chapter17. Refund process: It Is Your Money Chapter18. Definitions; Meaning And Scope Of Terms Used In GST Chapter19. Supply-Meaning And Scope Chapter20. Composition Levy Chapter21. Taxable Person Chapter22. Time And Value Of Supply Chapter23. Input Tax Credit Chapter24. Invoice, Credit And Debit Notes Chapter25. Payment Of Tax Chapter26. Accounts And Records Chapter27. Job Work Chapter28. Electronic Commerce Chapter29. Assessment Chapter30. Audit Chapter31. Demands And Recovery Chapter32. Inspection, Search, Seizure and Arrest Power Of Inspection, Search And Seizure Chapter33. Offences And Penalties Chapter34. prosecution and Compounding Of Offences Chapter35. Appeals And Revision Chapter36. Advance Ruling Chapter37. Presumption As To Documents Chapter38. Liability To Pay In Certain Cases Chapter39. Miscellaneous Provisions Chapter40. Transitional provisions Chapter41. GST Valuation Chapter42. IGST: Integrated Goods And Services Tax Act APPENDICES Central/State Goods And Services Tax Act, 2016 Chapter I Preliminary Chapter II Administration Chapter III Levy Of, And Exemption From, Tax Chapter IV Time And Value of Supply Chapter V Input tax Credit Chapter VI Registration Chapter VII Tax Invoice, Credit And Debit Notes Chapter VIII Returns Chapter IX Payment Of Tax Chapter X Transfer Of Input Tax Credit Chapter XI Refunds Chapter XII Accounts And Records Chapter XIII Job-Work Chapter XIV Electronic Commerce Chapter XV Assessment Chapter XVI Audit Chapter XVII Demands And Recovery Chapter XVIII Inspection, Search, Seizure And Arrest Chapter XIX Offences And Penalties Chapter XX Prosecution And Compounding Of offences Chapter XXI Appeals And Revision Chapter XXII Advance Ruling Chapter XXIII Presumption As To Documents Chapter XXIV Liability to Pay In Certain Cases Chapter XXV Miscellaneous provisions Chapter XXVI Repeal And Saving Chapter XXVII Transitional Provisions Schedule I - Matters to be Treated As Supply Even If Made Without Consideration Schedule II - Matters To Be Treated As Supply Of Goods Or Services Schedule III - Activities Or Transactions Which Shall Be Treated Neither As A Supply Of Goods Nor A Supply Of Services Schedule IV - Activities Or Transactions Undertaken By The Central Government , A State Government Or Any Local Authority Which Shall Be Treated Neither As A Supply Of Goods Nor A Supply Of Services Schedule V - Persons Liable To Be Registered The Goods Services Tax (Compensation to the States For Loss Of Revenue) Bill, 2016 The Integrated Goods And Services Tax Act, 2016 Chapter I Preliminary Chapter II Principles For Determining Supply Of Goods And/or Services In The Course Of Inter - State Trade Or Commerce Chapter III Levy And Collection Of Tax Chapter IV Place Of Supply Of Goods And/Or Services Chapter V Payment Of Tax Chapter VI Input Tax Credit Chapter VII Apportionment Of Tax And Settlement Of Funds Chapter VIII Zero Rated Supply Chapter IX Miscellaneous Chapter X Transitional Provisions Chapter XI Administration .............................................