Best Book On GST in India For Self Study 2023 – PDF Download

Hello, friends welcome to Studydev. Do you know what is GST and when was it launched and what are the books for it? So you don’t need to worry. We are going to tell you about the Best Book On GST in India For Self Study.

By reading these books, you can get full information about GST, what is GST, for what purpose it has been made, and what can be beneficial to us due to it. So without any delay let’s start this post with Best Book On GST in India For Self Study.

What Is GST In Simple Words –

Let us tell you that GST has been launched by the Government of India. It has been launched so that the tax system of our country gets inspired to work properly. We call GST as Goods and Service Tax, it is a tax on Goods and Services. Which we can also call indirect tax

For your information, let us tell you that the Government of India got the GST scheme passed by the Parliament on March 29, 2016. After this, it came in handy on July 1, 2017. GST works in three ways or we can also call them its types.

1. Intra State GST 
2. State GST
3. Central GST

Intra State GST – Let us tell you that whenever a person sells or buys anything in the same state, then both CGST and SGST tax is levied on him. For this, he does not have to pay such charges. They have to give half and half to both the states. we call it IGST.

CGST & SGST – Whenever we buy or sell any item within our state, we have to pay SGST. Conversely, when we buy a product from one state to another, we have to pay CGST for it.

Read More:Best Book For Quantitative Aptitude For Beginners

Best Book On GST in India For Self Study

• TAXMAN N’S STUDENTS GUIDE TO INCOME TAX INCLUDING GST
• TAXMANN’S GST MINI READY RECKONER
• GST GUIDE FOR STUDENTS: MAKING GST- GOOD AND SIMPLE TAX
• GST FOR THE LAYMAN: HOW IT IMPACTS YOUR DAILY LIFE
• GOODS AND SERVICES TAX LAW BOOK FOR STUDENTS

Summary Of Best Book On GST in India For Self Study

• TAXMANN’S STUDENTS GUIDE TO INCOME TAX INCLUDING GST – 

This book has been written by two writers, whose name is like this – Dr. Vinod K. Singhania and Dr. Monica Singhania. This book has been published on 1st January 2019. This book has been explained with very simple language and the best illustration. In this, you have been taught step-by-step every law related to GST. This book is very beneficial for those students who are studying Income Tax, you can do B.Com, MBA, and M.Com by reading it.

In this book, you will get complete information about Income Tax from beginning to end, and along with it you will get all the concepts of GST like what is GST, Exemptions from GST, and Registration of GST, and without this you will be told about Problems on GST. Apart from this, you will also get to know about the tax rates.

This book is now in its 65th edition and has been updated on July 15, 2021. In this you will get two units, you will get the knowledge of Income Tax in the first unit, and in the second unit, you will get to read Provisions Related to GST. You can buy this book from Amazon.

• TAXMANN’S GST MINI READY RECKONER –

The GST Mini Ready Reckoner book has been written by three writers together, so you can check this book by the way it is written. How important is this book? But never you should forget that don’t judge book cover without it.

The names of the authors of this book are as follows – CA Akhil Single, CA Mayank Goel, and Pavan Kumar Gaur. The 2nd edition of this book is available and has been updated on June 20, 2021. In this, you will be taught about basic knowledge of GST. You will be made to study the GST process, the procedure, and payment of tax & penalties in this.

The GST concept in this book has been designed in such a way that it can be easily understood by beginners to professional levels. In this, you have been given all the things in detail with great diagrams, charts, and FAQs. In this, you will get this content – Levy, Collection on Supply, Tax Invoice, Credit & Debit Notes, and Offenses & Penalties, etc.

• GST GUIDE FOR STUDENTS: MAKING GST- GOOD AND SIMPLE TAX 

GST Guide for Students: The name of the author of this book is Ca Vivek Kr Agrawal. This book is published by Neelam Book House. The author of this book is a Chartered Accountant and Lawyer who has about 10% experience in his taxation field.

This book has been designed in such a way that it can be easily understood by the students as well as the professional person. In this, you have been explained with more than 100 examples of how you can understand the new tax law. In this, you will not get to see very difficult language, you have tried to explain it with very simple language, diagrams, and question answers.

In this, you will be taught all these topics – Basic, CGST, SGST, IGST, Registrations, Reverse Charge, TDS TCS, Composition Scheme, Return filing, Job Work, Refunds, Penalty, Assessments, Time Value & Place of Supply, Input Tax Credit, Payments, Invoicing, Accounts & Records.

• GST FOR THE LAYMAN: HOW IT IMPACTS YOUR DAILY LIFE

GST for the Layman: The author of the book is Apeksha Solanki. This book has got a rating of 20 on Amazon. This is a very nice book. In this, you will be taught how you can save on GST.
In this book, how can you reduce the cost when you buy a house, how many restaurants are still charging you VAT? If you want to know the information of all these in full detail, then you must read this book once.

• GOODS AND SERVICES TAX LAW BOOK FOR STUDENTS

Goods & Service Tax Law Book is written by Shubham Jain. This book has been published on February 28, 2021. In this, you will get information about Complete GST Law. You are going to get this book in the English language. Which costs Rs 49, it is available in Kindle Edition.

This book is specially made for CA, CS, CMA, and B.Com students. In this, you get to see the GST Law very well, you get to see the charts along with the Colorful Notes. so that you can easily understand.

Top 5 Best Books For Professionals in India

#1. Summary Book Of GST 

#2. Taxmann’s GST Audit and Annual Returns

#3.Taxmann’s GST New Return: How to meet your Obligations

#4. Taxmann’s GST Acts with Rules and Forms

#5.Comprehensive guide on indirect tax laws, GST, customs & FTP

How Can I Learn GST Practically?

Sure! Here are some practical steps you can follow to learn GST (Goods and Services Tax):

1. Study the Basics:
– Understand the concept of GST and its purpose.
– Learn about the different components of GST, such as input tax credits, taxable supplies, and exemptions.

2. Get Familiar with GST Laws and Regulations:
– Read the GST Act and rules applicable in your country.
– Stay updated with any amendments or changes in the GST laws.

3. Register for GST:
– Determine if you are required to register for GST based on the threshold set by your country’s tax authority.
– Complete the registration process and obtain a GST identification number.

4. Maintain Proper Records:
– Learn about the documents and records you need to maintain for GST compliance, such as invoices, tax returns, and account books.
– Understand the importance of accurate record-keeping to claim input tax credit and avoid penalties.

5. Determine GST Liability:
– Identify the goods and services you provide and their corresponding GST rates.
– Calculate the GST liability for your business transactions and ensure proper invoicing.

6. Understand input tax credit:
– Learn how to calculate and claim an input tax credit for GST paid on purchases and expenses related to your business.
– Familiarize yourself with the rules and conditions for claiming input tax credit.

7. File GST Returns:
– Understand the GST return filing process and the frequency at which you need to file returns.
– Ensure timely and accurate filing of GST returns to comply with tax regulations.

8. Stay updated with GST Notifications and Changes:
– Subscribe to official GST newsletters or notifications to receive updates on changes in rates, exemptions, or filing procedures.
– Attend seminars, webinars, or workshops related to GST to enhance your knowledge and stay informed.

9. Seek Professional Guidance:
– Consult with tax professionals or accountants who specialize in GST to clarify any doubts or complex situations.
– They can provide expert advice tailored to your specific business needs.

10. Practice and Review:
– Apply your knowledge by working on practical examples or case studies related to GST.
– Regularly review your GST-related activities to identify any errors or areas that need improvement.

What is the GST Percentage?

Best GST Book for Self-Study in Hindi FAQ

Conclusion:

So, friends, we end our post on this, today we have given you information about Best Book On GST in India For Self Study With PDF Download in this post. We have tried to give you all the information related to the Best Book On GST in India in this post so that you do not have to resort to any other website for any information.

So if you liked this hard work of ours, then do share it with your friends on the social media channels given below so that they also get such information.