Open App

CA Intermediate Exam > CA Intermediate Videos > Crash Course for CA Intermediate > Supply Under GST - 1

Supply Under GST - 1 Video Lecture | Crash Course for CA Intermediate

FAQs on Supply Under GST - 1 Video Lecture - Crash Course for CA Intermediate

1. What is the definition of 'supply' under GST?

Ans. Under the Goods and Services Tax (GST) framework, 'supply' is a broad term that encompasses all forms of supply of goods or services or both, for a consideration, made in the course or furtherance of business. This includes sale, transfer, barter, exchange, license, rental, lease, or disposal. The definition ensures that all economic activities involving the exchange of goods and services are covered under GST.

2. What are the different types of supplies recognized under GST?

Ans. GST recognizes several types of supplies, which include: 1. Taxable Supply: Supplies on which GST is applicable. 2. Exempt Supply: Supplies that are not subject to GST, such as certain educational services. 3. Nil Rated Supply: Supplies that are taxable but at a zero percent rate, like certain goods. 4. Composite Supply: A supply consisting of two or more goods or services, where one is a principal supply. 5. Mixed Supply: A supply consisting of two or more individual supplies made together for a single price.

3. How does the place of supply affect the GST liability?

Ans. The place of supply is crucial in determining the GST liability as it decides whether the supply is intra-state or inter-state. If the supply takes place within the same state, it is subject to State GST (SGST) and Central GST (CGST). Conversely, if the supply is inter-state, it is subjected to Integrated GST (IGST). Identifying the correct place of supply ensures compliance with GST regulations and proper tax collection.

4. Are there any specific exclusions from the definition of supply under GST?

Ans. Yes, certain transactions are excluded from the definition of supply under GST. These include: 1. Services by an employee to an employer in the course of employment. 2. Activities conducted by a person as a member of a registered body or an association. 3. Sale of land and, subject to certain conditions, sale of buildings. 4. Actionable claims, except when supplied in the course of furtherance of business.

5. What is the significance of the concept of 'consideration' in the context of supply under GST?

Ans. 'Consideration' refers to the payment made in exchange for the supply of goods or services. Under GST, the presence of consideration is a key element for classifying an activity as a supply. Even if the supply occurs without monetary payment (like barter or exchange), as long as there is a consideration involved, it falls under the definition of supply. This concept helps in determining the taxability of various transactions under GST.

About this Video

4.63/5 Rating

Sep 30, 2025 Last updated

Related Exams

CA Intermediate

Video Description: Supply Under GST - 1 for CA Intermediate 2025 is part of Crash Course for CA Intermediate preparation. The notes and questions for Supply Under GST - 1 have been prepared according to the CA Intermediate exam syllabus. Information about Supply Under GST - 1 covers all important topics for CA Intermediate 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Supply Under GST - 1.

Introduction of Supply Under GST - 1 in English is available as part of our Crash Course for CA Intermediate for CA Intermediate & Supply Under GST - 1 in Hindi for Crash Course for CA Intermediate course. Download more important topics related with notes, lectures and mock test series for CA Intermediate Exam by signing up for free.

Description

Video Lecture & Questions for Supply Under GST - 1 Video Lecture | Crash Course for CA Intermediate - CA Intermediate full syllabus preparation | Free video for CA Intermediate exam to prepare for Crash Course for CA Intermediate.

Information about Supply Under GST - 1

Here you can find the meaning of Supply Under GST - 1 defined & explained in the simplest way possible. Besides explaining types of Supply Under GST - 1 theory, EduRev gives you an ample number of questions to practice Supply Under GST - 1 tests, examples and also practice CA Intermediate tests.

	Crash Course for CA Intermediate 289 videos

Crash Course for CA Intermediate

289 videos

Join Course for Free

Explore Courses for CA Intermediate exam

Sample Paper

pdf

Extra Questions

Supply Under GST - 1 Video Lecture | Crash Course for CA Intermediate

Viva Questions

Summary

past year papers

Supply Under GST - 1 Video Lecture | Crash Course for CA Intermediate

Important questions

ppt

shortcuts and tricks

Semester Notes

Exam

mock tests for examination

study material

video lectures

MCQs

Previous Year Questions with Solutions

practice quizzes

Objective type Questions

Free

;

Study Supply Under GST - 1 on the App

Students of CA Intermediate can study Supply Under GST - 1 alongwith tests & analysis from the EduRev app, which will help them while preparing for their exam. Apart from the Supply Under GST - 1, students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc. The EduRev App will make your learning easier as you can access it from anywhere you want. The content of Supply Under GST - 1 is prepared as per the latest CA Intermediate syllabus.

Education Revolution