Section 7 of CGST Act Explained | What is Supply under GST? | GST for Students & Business Owners
Автор: Elite Gurukul Limited
Загружено: 2025-04-21
Просмотров: 281
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Namaskaram,
Let’s simplify Section 7 of the CGST Act 2017 together! Whether you’re a student prepping for GST exams or a business owner navigating tax compliance, this guide breaks down the real-world implications of India’s GST ‘supply’ definition. Learn how everyday transactions—like selling goods, leasing property, or even transferring business assets—fall under taxable ‘supply’ and why intra-state vs. inter-state matters for your tax bills.
Confused about exceptions? We’ll walk you through Schedule I’s tricky scenarios (like free transfers between branches or agents) and Schedule III’s exemptions (think land sales, alcohol, and actionable claims). Discover how GST treats your construction projects, online gaming taxes, or even horse racing bets—no jargon, just clarity!
Struggling with composite supplies or mixed bundles? We’ve got relatable examples to help you ace those exam questions or avoid costly compliance errors. Plus, learn why permanent asset transfers or transactions with relatives might still attract GST—even without cash changing hands!
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