Schedule-III of GST Act – Activities Not Treated as Supply (Negative List)

SCHEDULE III of CGST Act, 2017- ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES [See section 7] 1.   Services by an employee to the employer in the course of or in relation to his employment. 2.  Services by any court or Tribunal established under any law Read more about Schedule-III of GST Act – Activities Not Treated as Supply (Negative List)[…]

Schedule II – Activities to be Treated as “Supply of Goods” or “Supply of Services”

SCHEDULE II of CGST Act, 2017 – ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES [See section 7] 1. Transfer (a)  any transfer of the title in goods is a supply of goods; (b)   any transfer of right in goods or of undivided share in goods without the transfer of title Read more about Schedule II – Activities to be Treated as “Supply of Goods” or “Supply of Services”[…]

Schedule I – Specified Activities Without Consideration to be Treated as “Supply”

SCHEDULE I of CGST Act – ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION [See section 7] 1.  Permanent transfer or disposal of business assets where input tax credit has been availed on such assets. 2.  Supply of goods or services or both between related persons or between distinct persons as specified in Read more about Schedule I – Specified Activities Without Consideration to be Treated as “Supply”[…]

Power to Grant Exemption from Tax – Section 11 of GST

CHAPTER III – LEVY AND COLLECTION OF TAX – Central Goods and Services Tax Act, 2017 Section 11 Power to grant exemption from tax 11. (1) Where the Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendations of the Council, by notification, exempt generally, either Read more about Power to Grant Exemption from Tax – Section 11 of GST[…]

Composition Levy – Section 10 of GST

CHAPTER III – LEVY AND COLLECTION OF TAX – Central Goods and Services Tax Act, 2017 Section 10 Composition levy 10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate turnover in the preceding financial year did Read more about Composition Levy – Section 10 of GST[…]

Levy and Collection – Section 9 of GST (Charging Section)

CHAPTER III – LEVY AND COLLECTION OF TAX – Central Goods and Services Tax Act, 2017 Section 9 Levy and collection (Charging Section). 9.  (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except Read more about Levy and Collection – Section 9 of GST (Charging Section)[…]

Tax liability on Composite and Mixed Supplies – Section 8 of GST

CHAPTER III – LEVY AND COLLECTION OF TAX – Central Goods and Services Tax Act, 2017 Section 8 Tax liability on composite and mixed supplies 8.  The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:— (a)   a composite supply comprising two or more supplies, one of which Read more about Tax liability on Composite and Mixed Supplies – Section 8 of GST[…]

Scope (Definition) of Supply – Section 7 of GST

CHAPTER III – LEVY AND COLLECTION OF TAX – Central Goods and Services Tax Act, 2017 Section 7 Scope of supply 7. (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 Read more about Scope (Definition) of Supply – Section 7 of GST[…]