https://www.taxtmi.com/article/detailed?id=16298 GST under the CGST Act is a transaction-based levy that attaches only to a discernible supply involving an activity for consideration in the course or furtherance of business. The article emphasises that the charging framework presupposes doing, not mere status, ownership, entitlement, or passive existence, and that tax liability cannot be inferred from economic consequence alone. It applies this distinction to Joint Development Agreements, government institutions, reverse charge, and valuation, stressing that taxability depends on a real nexus between activity and consideration. en-us Tue, 28 Apr 2026 07:30:41 +0530 Tue, 28 Apr 2026 07:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16298 GST under the CGST Act is a transaction-based levy that attaches only to a discernible supply involving an activity for consideration in the course or furtherance of business. The article emphasises that the charging framework presupposes doing, not mere status, ownership, entitlement, or passive existence, and that tax liability cannot be inferred from economic consequence alone. It applies this distinction to Joint Development Agreements, government institutions, reverse charge, and valuation, stressing that taxability depends on a real nexus between activity and consideration. Articles Goods and Services Tax - GST Tue, 28 Apr 2026 07:30:41 +0530 https://www.taxtmi.com/article/detailed?id=16298