Category: GST Knowledge Portal

Topic Name – What do you mean by “supply made in the course or furtherance of business”?   “Business” is defined under Section 2(17) include any trade, commerce, manufacture, profession, vocation etc. whether or not undertaken for a pecuniary benefit. Business also includes any activity or transaction which is incidental or ancillary to the aforementioned […]

Topic Name – Whether transfer of title and/or possession is necessary for a transaction to constitute supply of goods?   Title as well as possession both have to be transferred for a transaction to be considered as a supply of goods. In case title is not transferred, the transaction would be treated as supply of […]

Topic Name – Are self-supplies taxable under GST?   Inter-state self-supplies such as stock transfers, branch transfers or consignment sales shall be taxable under IGST even though such transactions may not involve payment of consideration. Every supplier is liable to register under the GST law in the State or Union territory from where he makes […]

Topic Name – Can a transaction in which any one or more of the above criteria is not fulfilled, be still considered as supply under GST?   Under certain circumstances such as import of services for a consideration whether or not in the course or furtherance of business (Section 3(1) (b)) or supplies made without […]

Topic Name – What are the necessary elements that constitute supply under CGST/SGST Act?   In order to constitute a ‘supply’, the following elements are required to be satisfied, i.e.- (i) the activity involves supply of goods or services or both; (ii) the supply is for a consideration unless otherwise specifically provided for; (iii) the […]

Topic Name – What is a taxable supply?   A ‘taxable supply’ means a supply of goods or services or both which is chargeable to goods and services tax under the GST Act.                   About Bihar Tax Consultant – Bihar Tax Consultant is among the best and […]

Topic Name – What is the scope of ‘supply’ under the GST law?   The term ‘supply’ is wide in its import covers all forms of supply of goods or services or both that includes sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a […]

Topic Name – What is the taxable event under GST?   The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business. The taxable events under the existing indirect tax laws such as manufacture, sale, or provision of services shall stand […]

Topic Name – Does cancellation of registration impose any tax obligations on the person whose registration is so cancelled?   Yes, as per Section 29(5) of the CGST/SGST Act, every registered taxable person whose registration is cancelled shall pay an amount, by way of debit in the electronic cash ledger, equivalent to the credit of […]

Topic Name – Can cancellation of registration order be revoked?   Yes, but only in cases where the initial cancellation has been done by the proper officer suo moto, and not on the request of the taxable person or his legal heirs. A person whose registration has been cancelled suo moto can apply to the […]