The latest Goods and Services Tax Act – GST Acts and Goods and Services Tax Rules – GST Rules, January 2024 Edition (Seventh Edition) is been released by the Institute of Chartered Accountants of India ( ICAI).In a significant stride toward simplifying the tax landscape, the Goods and Services Tax (GST) in India has undergone continuous evolution since its inception. The Institute of Chartered Accountants of India (ICAI), particularly through its GST & Indirect Taxes Committee, has played a crucial role in ensuring the successful implementation of GST.
The committee has consistently offered constructive feedback to the Government, organized various events and courses, and produced comprehensive publications on GST-related subjects. Their dedication to GST awareness and knowledge dissemination is evident through regular updates and the release of technical publications.
Excitingly, the committee has recently updated its publication, titled “GST Act(s) and Rule(s) – Bare Law,” to incorporate the latest provisions up to December 2023. CA. Aniket Sunil Talati, President of ICAI, commended the diligent efforts of the committee members, particularly Chairman CA. Sushil Kumar Goyal and Vice Chairman CA. Umesh Sharma.
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The seventh edition of the publication proves to be a valuable resource for practitioners and readers alike, providing updated legislative information to effectively navigate the complexities of the GST framework.
The committee’s proactive approach is evident in the recently revised “GST Act(s) & Rules(s) – Bare Law,” January 2024 edition. Updated with notifications until December 2023, it covers the entire spectrum of GST laws, ensuring readers have access to the latest information.
CA. Umesh Sharma, the Vice-Chairman, and CA. Sushil Kumar Goyal, the Chairman of the GST & Indirect Taxes Committee, extended their appreciation to CA. Aniket Sunil Talati, the President of ICAI, for steadfast support. They also recognize the contributions of the committee members and the Secretariat for their pivotal roles in updating the publication.
Crafted as an all-encompassing, multi-stage, destination-based indirect tax, GST has effectively absorbed numerous taxes, establishing a unified and streamlined tax system.
CA. Aniket Sunil Talati, President, ICAI, informed the amendment of the “GST Act(s) and Rules(s) – Bare Law” publication, amended until March 31, 2023. Recognizing the contributions of CA. Sushil Kumar Goyal, Chairman, and CA. Umesh Sharma, Vice-Chairman, along with other committee members, Talati expressed confidence in the publication’s usefulness for professional duties.
The sixth edition of this publication serves as an extensive reference, encompassing the full range of GST laws, incorporating constitutional amendments, acts, rules, and recent modifications.
In the evolving landscape of GST in India, the contributions of organizations like ICAI and its GST & Indirect Taxes Committee are pivotal in delivering up-to-date resources and disseminating knowledge. The updated publications serve as invaluable instruments for practitioners navigating the dynamic GST environment, ensuring they possess the latest information for efficient compliance. The dedication of these organizations reflects a collaborative endeavour toward establishing a user-friendly and efficient tax system in the country.
If you want to access more information regarding the aforesaid information then you can proceed with the link https://caportal.saginfotech.com/wp-content/uploads/2024/01/ICAI-7th-edition-of-GST-Acts-and-Rules-in-Jan-2024.pdf
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