On what supply is GST levied?

By | July 20, 2017
(Last Updated On: July 20, 2017)

Question : On what supply is GST levied?

Answer: GST is levied on all types of supplies which are –

(i) made for a consideration and

(ii) are for the purpose of furtherance of business.

There are some exceptions when these conditions are not met, yet supply is considered to have been made, for example, interstate stock transfer of goods even without consideration or importation of services even if not in the furtherance of business.

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