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of <h1>Understanding 'Supply' in GST: Taxable Events, Transactions, and Exceptions Explained in Simple Terms</h1> The GST FAQ concept of 'supply' under GST law, defining it as the taxable event for goods, services, or both, made for consideration in business. The scope of supply includes various transactions like sale, transfer, barter, and import of services. Certain transactions without consideration are also included. It distinguishes between taxable and non-taxable supplies, inter-state and intra-state supplies, and composite and mixed supplies. Specific scenarios like self-supplies, transfer of rights, and works contracts are addressed. The document also clarifies zero-rated supplies and exceptions where activities are neither goods nor services under GST.
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