https://www.taxtmi.com/article/detailed?id=17296 Supply is the foundational taxable event under GST and must be established before classification, exemption, valuation, time, rate or place-of-supply issues are considered. It extends beyond conventional sales to transactions such as transfer, barter, exchange, licence, rental, lease and disposal, subject to statutory conditions. Supply and taxable supply remain distinct: an exempt transaction may still be a supply. Consideration is generally required, but Schedule I recognises specified deemed supplies without consideration. Schedule II classifies an existing supply as goods or services, whereas Schedule III excludes specified activities from supply altogether. en-us Thu, 27 Aug 2026 08:31:33 +0530 Thu, 27 Aug 2026 08:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17296 Supply is the foundational taxable event under GST and must be established before classification, exemption, valuation, time, rate or place-of-supply issues are considered. It extends beyond conventional sales to transactions such as transfer, barter, exchange, licence, rental, lease and disposal, subject to statutory conditions. Supply and taxable supply remain distinct: an exempt transaction may still be a supply. Consideration is generally required, but Schedule I recognises specified deemed supplies without consideration. Schedule II classifies an existing supply as goods or services, whereas Schedule III excludes specified activities from supply altogether. Articles Goods and Services Tax - GST Thu, 27 Aug 2026 08:31:33 +0530 https://www.taxtmi.com/article/detailed?id=17296