Scope of Supply under GST - Supply of Goods or Services or Both
Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc.||Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc.||Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc.||Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc.||Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc.||Scope of Supply under GST: Under GST various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc.

Scope of Supply under GST

- Supply of goods or services. Supply of anything other than goods or services does not attract GST
- Supply should be made for a consideration
- Supply should be made in the course or furtherance of business
- Supply should be made by a taxable person
- Supply should be a taxable supply
- Supply should be made within the taxable territory
- Any supply of goods or services without consideration is not a supply. In exception of this there is also some transactions which is treated as supply even done without consideration.
- Further, import of services for a consideration, whether or not in the course or furtherance of business is treated as supply.
- Any transfer of title in goods would be a supply of goods, whereas any transfer of right in goods without transfer of title would be considered as services.
Supply of Goods or Services or Both:-
Goods as well as services have been defined in the GST Law. The securities are excluded from the definition of goods as well as that of services. Money is also excluded from the definition goods and services. Any transfer of title in goods would be a supply of goods, whereas any transfer of right in goods without transfer of title would be considered as services.Advertisement
- Services by an employee to the employer in the course of or in relation to his employment.
- Services of funeral, burial, etc.
- Sale of land and sale of building where the entire consideration has been received after completion certificate is issued or after its first occupation.
- Actionable claims other than lottery, betting and gambling shall be neither goods nor services.
Supply for Consideration:-
Consideration can be in terms of money or kind. Any subsidy given by the central government or state government is not considered as consideration. In case of barter of goods or services the same activities is treated as supply and consideration.- Permanent transfer or disposal of business assets where input tax credit has been availed on such assets.
- Supply of goods or services or both made in course of furtherance of business between related persons or between distinct persons.
- Gifts exceeding fifty thousand rupees in value in a financial year by an employer to an employee shall be treated as supply of goods or services or both.
- Supply of goods— (a) by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; or (b) by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal.
- Import of services by a taxable person from a related person or from any of his other establishment outside India in course of furtherance of business.