TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Law: Supply as Sole Taxable Event, Key Criteria, and Exceptions Explained</h1> The GST Law identifies 'supply' as the sole taxable event, encompassing goods, services, or both, excluding alcoholic liquor for human consumption. Both Central and State governments can levy GST on intra-state supplies, while inter-state supply falls under Parliament's jurisdiction. A supply must meet specific criteria: it involves goods or services, is for consideration, furthers business, is made by a taxable person, and is taxable. Certain exceptions exist, such as some transactions without consideration still being deemed supplies. The GST Law also distinguishes between intra-state and inter-state supply and outlines tax implications for composite and mixed supplies.
TaxTMI 
TaxTMI 
