Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
Skip Navigation Links

Place of Supply of Goods And Services Under GST

Under an Ideal Taxation system, tax shall only form part of the cost when the goods or services reach the final consumer and businesses should be allowed credit of whatever taxes they have paid unless the goods or services supplied by them are exempt from levy of tax or not liable to be taxed.

Place of Supply in GST

What is the Place of Supply under GST And How and When SGST/CGST/UTGST/IGST would be levied in case of supply of goods or services or both?

Determination of place of supply would decide whether the registered person has to charge CGST/SGST/UTGST/IGST. If the supply of goods or services or both happen to be an Intra-State Supply or a supply within a Union territory, then, in such case supplier would have to charge CGST/SGST or CGST/UTGST.

However, if the supply happens to be an Inter-State Supply or a supply between two Union territories or between a Union territory and a State, then IGST would be leviable on the supply of goods or services or both.

You can also read: Concept of Supply Under GST

Value of Supply of Goods or Services under GST:

Value of Supply in common terms is nothing but the amount paid by the recipient of supply to the supplier as consideration for supply.

Valuation rules would determine value of goods or services or both on which tax under GST would have to be charged. Valuation rules have been prescribed under GST for the purpose of determination of fair market value of goods or services or both supplied by the registered person.

Related Articles:

Disclaimer: This information is updated till 21 June 2017.

Related Stories

Overview of Consumer Protection Act, 2019

Consumer Protection Act can be described as common man's Civil Court. The Act is designed to make available cheap and quick remedy to a small consumer. Under Sale of Goods Act, the principle is 'caveat emptor,' i.e., 'buyer be aware.' Buyer is supposed to take care before buying goods. He is supposed to be knowledgeable and well informed. This may be true about 100 years ago, when both buyer and seller were on equal footing.

Taxmann's Income-Tax Compliance Calendar for July 2020

Monthly Compliance Calendar with Important Due Dates for Income Tax Filing, TDS Deposit, TCS Deposit,

Process of filing of Nil GSTR-3B through SMS

Rule 67A of the CGST Rules, 2017 provides the manner of furnishing of ‘Nil’ GSTR 3B by short messaging service (‘SMS’) facility. This facility to file return through SMSis notified on June 8, 2020. The return shall be filed using the registered mobile number of authorised signatory and verified by One Time Password (OTP) facility.
Best view in 1140 x 768