Examples of Goods under GST regime

[Asked by Guest]

Dear Sir,

Please advise on the type of Goods are made available to the recipient (for goods not required to be removed) under time of supply of goods in GST regime.Thanks and regards.

[Rajagopalan Ranganathan]

Sir,

According to Section 2 (48) of Model GST Law ' “goods’’ means every kind of movable property other than actionable claim and money but includes securities, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under the contract of supply."

According to Section 3 of the same Law ' Supply includes

(a) all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business,

Therefore to determine what is goods under GST Law you have read Section 2 (48) in conjunction with Section 3 of the same Law. This is my opinion.

[Ganeshan Kalyani]

E.g. Transaction pertaining to immovable property

AI Summary

Definition of goods under GST: movable property and specified inclusions guide whether a transaction constitutes supply.
Definition and scope of goods under the Model GST Law is governed by the statutory description of movable property and specified inclusions, read together with the statutory concept of supply. Goods include every kind of movable property other than actionable claims and money, and expressly include securities, growing crops, grass and items attached to or forming part of land where severance is agreed before or under the contract of supply. Determination whether an item is a good for GST requires construing that definition alongside the forms of supply such as sale, transfer, barter, exchange, licence, rental and lease.