Decoding of Supply

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…

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…

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…

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…

Place of Supply under GST: Place of supply is one of the key aspects to have an understanding of GST. In order to determine whether a supply is interstate or intra state, both the location of the supplier and the place of supply are…