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Chapter 1 GST Introduction Overview - Administration (Mnemonics)

This document provides an introduction and overview of the Goods and Services Tax (GST) system in India, including abbreviations and definitions of key terms related to GST. It outlines the products subject to different categories of petroleum tax and specifies the special category states. It also defines non-taxable alcohol supplies and various taxes subsumed under GST. Finally, it lists various organizations and their roles in GST administration.

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mohit lokhande
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15 views1 page

Chapter 1 GST Introduction Overview - Administration (Mnemonics)

This document provides an introduction and overview of the Goods and Services Tax (GST) system in India, including abbreviations and definitions of key terms related to GST. It outlines the products subject to different categories of petroleum tax and specifies the special category states. It also defines non-taxable alcohol supplies and various taxes subsumed under GST. Finally, it lists various organizations and their roles in GST administration.

Uploaded by

mohit lokhande
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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GST: Introduction, Overview & Administration

1. GST: Introduction, Overview & Administration

Abbreviation/Mnemonics Full Form


HP MAN H - High Speed Diesel
(5 Petroleum Products) P - Crude Petroleum
M - Motor Spirit (Petrol)
A - Aviation Turbine Fuel
N - Natural Gas
HUMANS of Tripura & J&K H - Himachal Pradesh
(Special Category States) U - Uttarakhand
M - Manipur, Meghalaya, Mizoram
A - Assam, Arunachal Pradesh
N - Nagaland
S - Sikkim
T – Tripura
&
J&K - Jammu & Kashmir
AL for HC A - Alcoholic
(Non-Taxable Supply under GST) L - Liquor
For
H - Human
C - Consumption
GST Goods and Services Tax
G/S/B Goods or Services or Both
VAT Value Added Tax
ST Service Tax
LT, ET Luxury Tax, Entertainment Tax
CVD Counter Vailing Duty
Spl CVD Special Counter Vailing Duty
SED, CED State Excise Duty, Central Excise Duty
UT Union Territory
GSPs GST Suvidha Providers
ASPs Application Service Providers
GSTN Goods and Services Tax Network
IT, ITES Information Technology, Information Technology Enabled Services
Cos Companies
PO Proper Officer
Pondi Puducherry
CST Central Sales Tax
CG/SG Central Government, State Government
UM Union Minister
SFMs State Finance Ministers
TM Taxation Minister
TO Turnover
NIC National Informatics Centre
MIS Monthly Information System

CA Ramesh Soni 1.1

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