If GST Charged On Sales or Supply?
(Normally,we say GST is charged on Sales
But Actually,GST is applicable on Supply of Goods or Services
Supply means
Sale
+
Other things like Exchange,Barter etc
What is Taxable Event Under GST
Taxable event under GST is supply of goods or services or both.
- CGST and SGST/ UTGST will be levied on intra-State supplies.
- IGST will be levied on interstate supplies