https://www.taxtmi.com/acts?id=26602 Section 2 defines the core GST concepts governing supplies, tax liability, registration and compliance. It broadly defines business, goods, services, consideration, supplier, recipient, taxable supply, exempt supply and non-taxable supply. Composite supply requires naturally bundled supplies with a principal supply, whereas mixed supply consists of independent supplies made together for a single price. Aggregate turnover and turnover in State include specified taxable, exempt, export and inter-State supplies subject to tax-related exclusions. Input tax, input tax credit, output tax and reverse charge establish the treatment of tax on inward and outward supplies. en-us Mon, 19 Jun 2017 12:17:52 +0530 Fri, 14 Aug 2026 18:28:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26602 Section 2 defines the core GST concepts governing supplies, tax liability, registration and compliance. It broadly defines business, goods, services, consideration, supplier, recipient, taxable supply, exempt supply and non-taxable supply. Composite supply requires naturally bundled supplies with a principal supply, whereas mixed supply consists of independent supplies made together for a single price. Aggregate turnover and turnover in State include specified taxable, exempt, export and inter-State supplies subject to tax-related exclusions. Input tax, input tax credit, output tax and reverse charge establish the treatment of tax on inward and outward supplies. Act-Rules GST - States Mon, 19 Jun 2017 12:17:52 +0530 https://www.taxtmi.com/acts?id=26602