Check sibling questions

 

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

 

Davneet Singh's photo - Teacher, Engineer, Marketer

Made by

Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.