Monthly archives: March, 2017

Understanding the Concept of Supply under GST

Understanding the Concept of Supply under GST In this Article, we would like to give you the basis understanding about the term “Supply” under the GST Law. As we know that tax is to be levied at taxable event. The taxable event under existing indirect tax laws is ‘manufacture’ for levy of excise duty, ‘Sale’ …

Schedule IV of GST ACT

Schedule IV of GST ACT Schedule IV – Activities or Transactions undertaken by the Central Government, A State Government or any Local Authority which shall be treated neither as a supply of goods nor a supply of services. 1) Services provided by a Government or local authority to another Government or local authority excluding the …

Schedule III of GST ACT

Schedule III of GST ACT Schedule III – Activities or Transactions which shall be treated neither as a supply of goods nor a supply of services. 1. Services by an employee to the employer in the course of or in relation to his employment. 2. Services by any Court or Tribunal established under any law …

Schedule II of GST ACT

Schedule II of GST ACT Schedule II – Matters to be treated as Supply of Goods or Services 1. Transfer a) Any transfer of the title in goods is a supply of goods. b) Any transfer of goods or of right in goods or of undivided share in goods without the transfer of title thereof, …