Meaning and scope of supply under GST (Part 1) - Since CGST, SGST or IGST will be levied on supply of goods or services, it is important to understand this term first

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..... ND SERVICES TAX ACT, 2016 - Draft June 2016 Sub Section (1) states that:- 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, (b) importation of service, whether or not for a consideration and whe .....

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..... Supply of goods and Services as per Section 3(1)(a) and 3(1)(c) does not include import of goods or services. It will be applicable for Domestic Supply only. - Whereas as per Section 3(1)(b) importation of services for any purpose, have included. - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Management India - taxmanagementindia - taxmanagemen .....

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