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Accounting and business6 books

GST Basics for Students and Small Shops

How Goods and Services Tax works, explained with simple examples

  • Free ebook
  • Beginner
  • 27 pages
  • 109 KB
  • PDF, English
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About this ebook

What you will learn

A plain-English guide to Goods and Services Tax for commerce students, shop owners and accounts assistants. Learn how GST moves along a chain of sellers, when to charge CGST and SGST or IGST, how to read a GSTIN and a tax invoice, how input tax credit works, and what HSN codes, returns, e-invoices and e-way bills are for, with worked examples in rupees.

Who it is for

Commerce students, shop owners and accounts assistants.

Contents

  1. Taxes in India: direct and indirect
  2. What GST is and how it works
  3. CGST, SGST and IGST
  4. Registration and the GSTIN
  5. The tax invoice
  6. Input tax credit
  7. HSN and SAC codes
  8. The composition scheme
  9. GST returns and payments
  10. E-invoice and e-way bill
  11. Records to keep and common mistakes

At the end of the book

  • Practice questionsTo check what you have learnt, with the answers after them.
  • GlossaryThe key words of the book, each explained in one sentence.
  • Easy EnglishShort sentences and everyday words, with each new word explained the first time.

Reading, printing and sharing

  1. On a phone or computerTap Read online to open the book in your browser, or Download to keep it and read it without the internet.
  2. To printThe pages are A5, half the size of A4. Choose two pages per sheet in the print settings to fit two pages on each A4 sheet.
  3. To shareSend the link to this page, or the PDF itself, to friends, classmates or students. The book is free for everyone.

Courses

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Students of this course also find the book in the student portal, with the other ebooks for their course.

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