PPT: Supply under GST | Taxation for CA Intermediate PDF Download

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Supply under GST
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Supply under GST
CG Central Government
CGST Central Goods and Services Tax
GST Goods and Service Tax
LA Local Authority
SG State Government
SGST State Goods and Services Tax
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Supply under GST
CG Central Government
CGST Central Goods and Services Tax
GST Goods and Service Tax
LA Local Authority
SG State Government
SGST State Goods and Services Tax
Schedule III - Activities or Transactions which shall be treated neither Supply of Goods nor Supply of Services
Schedule II – Activities classified to be either Supply of Goods or Supply of Services
Schedule I - Activities deem to be Supply even if made without Consideration
Importation of Services for Consideration whether or Not in Course or Furtherance of Business
In Course or Furtherance of Business
Consideration
Forms of Supply
Meaning and Scope of Supply
Definition of Supply – Sec 7
Introduction
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Supply under GST
CG Central Government
CGST Central Goods and Services Tax
GST Goods and Service Tax
LA Local Authority
SG State Government
SGST State Goods and Services Tax
Schedule III - Activities or Transactions which shall be treated neither Supply of Goods nor Supply of Services
Schedule II – Activities classified to be either Supply of Goods or Supply of Services
Schedule I - Activities deem to be Supply even if made without Consideration
Importation of Services for Consideration whether or Not in Course or Furtherance of Business
In Course or Furtherance of Business
Consideration
Forms of Supply
Meaning and Scope of Supply
Definition of Supply – Sec 7
Introduction
Introduction
A taxable event is any transaction or occurrence that results in a tax consequence
Taxable event determines the point at which tax would be levied
GST law lays down one comprehensive taxable event – “Su p p l y ” of goods or
services or both, unlike erstwhile indirect regime
In the GST regime, the entire value of supply of goods and /or services is taxed in an
integrated manner, unlike the earlier indirect taxes, which were charged independently
either on the manufacture or sale of goods, or on the provisions of services
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Supply under GST
CG Central Government
CGST Central Goods and Services Tax
GST Goods and Service Tax
LA Local Authority
SG State Government
SGST State Goods and Services Tax
Schedule III - Activities or Transactions which shall be treated neither Supply of Goods nor Supply of Services
Schedule II – Activities classified to be either Supply of Goods or Supply of Services
Schedule I - Activities deem to be Supply even if made without Consideration
Importation of Services for Consideration whether or Not in Course or Furtherance of Business
In Course or Furtherance of Business
Consideration
Forms of Supply
Meaning and Scope of Supply
Definition of Supply – Sec 7
Introduction
Introduction
A taxable event is any transaction or occurrence that results in a tax consequence
Taxable event determines the point at which tax would be levied
GST law lays down one comprehensive taxable event – “Su p p l y ” of goods or
services or both, unlike erstwhile indirect regime
In the GST regime, the entire value of supply of goods and /or services is taxed in an
integrated manner, unlike the earlier indirect taxes, which were charged independently
either on the manufacture or sale of goods, or on the provisions of services
Definition of Supply – Sec 7 of CGST Act
(1) For the purposes of this Act, the expression “supply” includes––
(a) all forms of supply of goods or services or both such as sale,
transfer, barter, exchange, licence, rental, lease or disposal made or
agreed to be made for a consideration by a person in the course or
furtherance of business;
(b) import of services for a consideration whether or not in the
course or furtherance of business;
(c) the activities specified in Schedule I, made or agreed to be made
without a consideration; and
(d) the activities to be treated as supply of goods or supply of
services as referred to in Schedule II.
Each of the clause 
have been discussed 
subsequently
Deemed 
Supply