While supply is defined in the broadest possible terms under Section 7 of the Central Goods and Services Tax, Act, 2017 (CGST Act), the precursor i.e. determination of the underlying subject of supply being “Goods” or “Services”, becomes paramount.
Source: gstsutra.com
Latest Posts in "India"
- Key Outcomes from the 56th GST Council Meeting
- GST Success Hinges on Single Tax Rate, Report Recommends Two Slabs and Capped Peak Rate
- Uncertainty in GST Treatment for Ride-Hailing Platforms: Legal Challenges and Implications
- 56th GST Council meeting is scheduled for September 3rd and 4th, 2025
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits