I. Introduction
The Goods & Services Tax ('GST')
was enacted in 2017. It was introduced with the objective of
replacing the complex and fragmented erstwhile structure with a
simple unified system that would reduce tax cascading and promote
economic integration. GST is, by nature, a destination-based
consumption tax, meaning that it is paid by all individuals across
the supply chain based on the value they add to the eligible goods
and/or services.
GST is governed through the Central Goods & Services Tax,
2017 ('CGST Act'), the State Goods &
Services Tax, 2017 ('SGST Act'), the
Integrated Goods & Services Tax, 2017 ('IGST
Act'), along with the Central Goods and Services
Rules, 2017 ('GST Rules'). Like the income
tax regime, the GST regime also follows the procedure of
'self-assessment of tax,' whereby the assessee himself is
tasked with first determining his tax liability and thereafter
complying with the established procedure and rules thereof. The
rationale
