supply of goods

Types of Supply under GST: The first was the introduction of the Goods and Service Tax (GST) and this was followed by the operationalization of the Insolvency and Bankruptcy Code. While both these major changes have been brought in during…

Mixed Supply under GST: When two or more goods are sold in a combination it becomes difficult to identify the rate of tax to be levied. For such goods or services, CGST Act, 2017 has provided with two terms -- “Composite Supply” and “Mixed…

Under GST, a composite supply would mean a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in…

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 in GST: In order to calculate and discharge tax liability, it is important to know the date when the tax liability arises i.e. the date on which the charging event has occured. In GST law, it is known as Time of Supply. The…