Commercial's Guide to GST on Services – Latest Edition 2025 is a well-structured, detailed, and updated commentary on the taxation of services under the Goods and Services Tax (GST) regime. This edition, revised as per the latest amendments in the Finance Act 2025 and relevant GST Council decisions, provides a thorough understanding of how GST applies to services across various sectors and industries.

The book simplifies complex provisions by breaking them down into service-specific GST treatment, making it easier for practitioners and businesses to ensure accurate classification and compliance. It explains key concepts such as time of supply, place of supply, rate applicability, SAC (Service Accounting Codes), and exemption notifications, with examples and flowcharts wherever necessary.

From financial services, education, and healthcare to e-commerce, transport, hospitality, and professional services—this guide covers every major service sector in India. Special attention is given to Reverse Charge Mechanism (RCM), input tax credit eligibility, and valuation rules for mixed and composite supplies, helping professionals avoid costly errors.

Key Features:

• 📚 Service-Wise GST Analysis – Comprehensive coverage of over 80 service categories with GST implications, rate structure, and exemptions.

• 📑 Updated as per Finance Act 2025 & Circulars – Incorporates recent legal changes, clarifications, and advance rulings.

• 📌 Classification & SAC Codes – Detailed list of Service Accounting Codes and guidance for proper classification under GST law.

• ⚖️ Reverse Charge Mechanism Explained – Clarifies when and how RCM applies to specific services with checklists and compliance tips.

• 🧾 Practical Illustrations & Case Studies – Helps in real-world application and understanding of GST impact on various service industries.

• 🧠 Valuation, ITC & Invoicing Guidance – Covers valuation rules, input tax credit eligibility, and invoicing compliance for service providers.

• 📋 Notifications, FAQs & Compliance Calendar – Includes the latest GST Notifications, FAQs, and monthly/annual compliance tools for service providers.

• 🧭 Industry-Specific Commentary – Focuses on GST impact for sectors like construction, banking, real estate, IT, hospitality, and transportation.

Why This Book is Essential:

• ✅ Trusted Reference for GST on Services – Essential for GST practitioners, accountants, tax lawyers, and service-based businesses.

• 🧩 Avoid Classification & Compliance Errors – Prevent disputes and penalties by following service-specific GST guidance.

• 📖 Highly Practical & User-Friendly – Written in a structured format with flowcharts, tables, and actionable checklists.

• 🔍 Perfect for Professionals & Students – Suitable for GST consultants, CAs, lawyers, CFOs, and learners appearing for GST practitioner exams.

• 📈 Optimize Tax Compliance & Credits – Improve ITC claims, reduce tax leakage, and ensure complete GST return accuracy.