TaxTMI 
TaxTMI 
TaxTMI 
Whether Goods and Service Tax is on supply or on consumption?
Goods and service tax
Santosh Kumar
Clarifying GST: A Destination-Based Consumption Tax Applied Where Goods and Services Are Consumed Under National Tax Framework. A query was raised about whether the Goods and Services Tax (GST) is based on supply or consumption. One response indicated that GST is a destination-based consumption tax, suggesting it is applied where goods and services are consumed. Another response described GST as a comprehensive national-level tax on the manufacture, sale, and consumption of goods and services, further confirming that GST is consumption-based. (AI Summary)