The taxable event under GST is supply of goods or services or both made for a consideration in the course or furtherance of business. Supply has been defined under section 7 of the CGST Act, 2017. There are three schedules…

Activities to be treated as supply even if made without consideration

Activities or transactions which shall be treated neither as a supply of goods nor a supply of services

Activities or transactions to be treated as supply of goods or supply of services

Under the GST framework, the taxable event is supply of goods or services or both when made or agreed to be made for a consideration in the course or furtherance of business. All forms of supply of goods or services…

Under the GST framework, the value of a supply of goods or services or both is the transaction value. Transaction value is the price actually paid or payable for the supply of goods or services or both, where the supplier…

The Central Government has the power to exempt goods or services or both from the levy of GST, by notification or special order. Even if, any goods or services are covered by an exemption notification, that does not mean that…

Under the GST regime, a supply can partake the character of a mixed supply or composite supply. The CGST Act, 2017 prescribes separate provisions for determination of tax liability for composite supply and mixed supply. Therefore, determination of the nature…

The taxable event under GST regime is supply of goods or services or both made for a consideration in the course of or furtherance of business. Under the GST framework, all forms of supply of goods or services or both…

Goods and Services Tax (GST) is a destination based consumption tax where tax flows to the place where goods and services are finally consumed. Under the GST law, the place of supply provision is based on destination/consumption based principle. Place…