Introduction Goods and Services Tax (GST) is an Indian tax system. It is effective in India since July 1, 2017. GST replaces various indirect taxes such as service tax, excise duty, VAT, etc. and merge them into one. It also aims to simplify the tax system for businesses and consumers. How it works? GST in […]
Some General Principles Of Interpretation Of GST Law
General Principles of Interpretation of GST Law Principles of Interpretation Of GST Law:. The Parliament has overriding power in GST The Act prevails over Rules Illustrations under a provision can’t modify the law Explanation under a provision can’t expand the scope of provision To cure defects in law, the Parliament can make law retrospectively GST […]