A book on VAT and CST should be simple and upto date for the students who are appearing in CA, CS, CMA or any other exams.
With the above objective in mind I can say with certainty that this book is written in your language and for you.
ABOUT VAT
This book covers all topics from history to present day. Understand how the concept has evolved from Single Point taxation to Last Point taxation and multiple point taxation was borne with credit effect called VAT.
Since the book is meant for students, it should contain practical questions apart from theory which it surely does. Simple and tough problems both included for your practice. It also contains past year questions with solutions.
ABOUT CST
Every problem has solution. Solution can be good or bad. CST is the result of problem (nexus theory) giving rise to bad solution. CST is a bad solution since inherently indirect tax is destination based taxation but CST is origin based. CST has flaws but surprisingly it is working fine till date.
In coming days when GST will be introduced obviously VAT will be replaced by State GST and CST will be replaced by Integrated GST. It means concept of VAT and CST shall be relevant in GST times also.
ABOUT AUTHOR
The author of book is CS K K Agrawal who is faculty of Direct Tax and Indirect Tax having 15+ experience in teaching. He is visiting faculty at ICAI and ICSI. His online classes are available at SuperProfs.com. He is also author of "India's No. 1 book on Tax"
My writing and teaching is evolved in this quote “YOUR EDUCATION IN TAX IS BEST IF YOU CAN GIVE TAX ADVICE”. The tax advise is possible only when I am able to give you in-depth knowledge of tax in both theory and practicals. I encourage students to think creatively and apply your mind so that they can create their own sets of problems and their solutions. This type of understanding has encouraged many students to go further explore the depth of the subject.
All the premier institutes says the following : “Taxation is one of the core competence areas of CA. CA’s are expected to ADVISE clients in the area of direct taxes and indirect taxes.
I can say with 100% confidence that this book shall make VAT and CST interesting and encourage you to read, read and read.
With the above objective in mind I can say with certainty that this book is written in your language and for you.
ABOUT VAT
This book covers all topics from history to present day. Understand how the concept has evolved from Single Point taxation to Last Point taxation and multiple point taxation was borne with credit effect called VAT.
Since the book is meant for students, it should contain practical questions apart from theory which it surely does. Simple and tough problems both included for your practice. It also contains past year questions with solutions.
ABOUT CST
Every problem has solution. Solution can be good or bad. CST is the result of problem (nexus theory) giving rise to bad solution. CST is a bad solution since inherently indirect tax is destination based taxation but CST is origin based. CST has flaws but surprisingly it is working fine till date.
In coming days when GST will be introduced obviously VAT will be replaced by State GST and CST will be replaced by Integrated GST. It means concept of VAT and CST shall be relevant in GST times also.
ABOUT AUTHOR
The author of book is CS K K Agrawal who is faculty of Direct Tax and Indirect Tax having 15+ experience in teaching. He is visiting faculty at ICAI and ICSI. His online classes are available at SuperProfs.com. He is also author of "India's No. 1 book on Tax"
My writing and teaching is evolved in this quote “YOUR EDUCATION IN TAX IS BEST IF YOU CAN GIVE TAX ADVICE”. The tax advise is possible only when I am able to give you in-depth knowledge of tax in both theory and practicals. I encourage students to think creatively and apply your mind so that they can create their own sets of problems and their solutions. This type of understanding has encouraged many students to go further explore the depth of the subject.
All the premier institutes says the following : “Taxation is one of the core competence areas of CA. CA’s are expected to ADVISE clients in the area of direct taxes and indirect taxes.
I can say with 100% confidence that this book shall make VAT and CST interesting and encourage you to read, read and read.
