Decoding of Supply

Taxable Event in GST Regime, Meaning and Scope of Supply under GST: The taxable event is the point of time when tax is to be levied on the transaction or activity or any action. Presently, we are equipped with the levy of taxes under…

Time of Supply under GST, Principles of Time of Supply under GST Law. Point of taxation means the point in time when goods have been deemed to be supplied or services have been deemed to be provided. The point of taxation enables us to…

Zero rated supplies mean Nil rated supplies. It means that the items specified under zero rated supplies will be taxable but nil rate of tax will be levied on those items. "Everything changes and nothing stands still", with this we welcome…

Time of supply of services under GST - 16 Questions Answered. Hopefully, GST will be implemented by July 1, 2017 and hence the month of May is very critical for our profession as we have to fully geared up with transition to the biggest…

Identification of Supply of Goods or Services under GST.  Definition of ‘goods’ and ‘services’: The tax is on supply of either goods or services. In case the supply is neither of goods nor of services then no tax shall be leviable on such…