supply of goods

Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc. have been included in just one event i.e. supply The taxable event in GST is supply of…

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…

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…

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…

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…

Differentiation of Supply of Goods or Service under GST: Since GST has brought both Goods and Services under single tax bracket, it is necessary to differentiate the activities either as goods or services to determine the taxability of the…

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…

GST Place of Supply - Queries Asked by Clients to Chartered Accountant. Question Answers with Chartered Accountant related to Place of Supply under GST Regime. “place of supply” means the place of supply as referred to in Chapter V of the…

Nature of Supply under GST: GST is a destination based tax i.e consumption tax, which means tax will be levied where goods and services are consumed and will accrue to that state thus, it is of immense importance that the place of supply of…

Six thing to know about Time of supply under GST: The liability to pay GST will arise at the time of supply (ToS) as determined for goods and services. In this regard, separate provisions i.e. section 12 and section 13 prescribe time of…