Understanding Supply Classification under Jammu and Kashmir Goods and Services Tax Act, 2017: Goods vs. Services Explained

Activities classified as supply of goods or services under the Jammu and Kashmir Goods and Services Tax Act, 2017 include: transfer of title in goods as supply of goods, while transfer of rights without title is supply of services. Leasing land or buildings is a service. Processes applied to others' goods are services. Disposal or private use of business assets is treated as supply of goods or services. Renting property, construction (except post-completion), intellectual property rights, IT services, and certain agreements are services. Composite supplies like works contracts and food services are services. Supply by unincorporated associations to members is classified as goods.

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