Examples of Goods under GST regime, Goods and Services Tax - GST

[SANDESH SHINDE]

Dear Sir,

Please advise on the type of Goods are made available to the recipient (for goods not required to be removed) under time of supply of goods in GST regime.Thanks and regards.

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

According to Section 2 (48) of Model GST Law ' “goods’’ means every kind of movable property other than actionable claim and money but includes securities, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under the contract of supply."

According to Section 3 of the same Law ' Supply includes

(a) all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business,

Therefore to determine what is goods under GST Law you have read Section 2 (48) in conjunction with Section 3 of the same Law. This is my opinion.

[Ganeshan Kalyani]

E.g. Transaction pertaining to immovable property