If GST Charged On Sales or Supply?

(Normally,we say GST is charged on Sales

But Actually,GST is applicable on Supply of Goods or Services

Supply means

Sale

+

Other things like Exchange,Barter etc

 

What is Taxable Event Under GST

Taxable event under GST is supply of goods or services or both.

  • CGST and SGST/ UTGST will be levied on intra-State supplies.
  • IGST will be levied on interstate supplies

 

  1. Taxation for CA,CS,CMA Bcom M Com Exams May - June 2018
  2. GST for Exams
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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