Understanding GST: The Importance of Supply in the Tax Regime

added article IT, Cloud, Software and Technology

2024-10-29 11:06:32 -

Understanding GST: The Importance of Supply in the Tax Regime GST is levied on the "supply" of goods and services, making it crucial for businesses and taxpayers to fully understand its meaning, types, and implications. The broad definition of supply ensures comprehensive tax coverage and helps determine tax liability for various transactions. Definition of Supply Under GST, "supply" is defined...

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