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How is non taxable supply different from supply treated as neither supply of goods nor supply of services?


Swathi Krishna

Swathi Krishna

CA Inter

7K+

06-May-20 21:25

18

Answers (6)

Heading is non taxable supply*


Swathi Krishna

Swathi Krishna

CA Inter

7K+

06-May-20 21:26

"Non taxable supply" is a supply of goods or services or both which is not levieable to tax under any GST act. Negative list of supply is neither supply of goods or services.....it is not treated as supply under the GST act.


Srinivasa Rao Veduruparthi

Srinivasa Rao Veduruparthi

CA Inter

295

06-May-20 22:52

There should be a supply first for an activity or transaction. If an activity or transaction falls outside the scope of supply then it cannot be said as a non taxable supply. I.e, although it called to be a Non taxable supply there should be a supply first.


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

07-May-20 02:09

You need to first determine whether a transaction is considered as supply under GST. Once it meets the criteria of supply, you will apply GST related rules. A non-taxable supply is a supply on which GST is not levied. It can be brought to taxation at a later date or the exemptions can be removed. A transaction that is not supply will not fall within the taxation purview.


Suraj Lakhotia

Suraj Lakhotia

Admin

07-May-20 07:08

Thank you sir


Swathi Krishna

Swathi Krishna

CA Inter

7K+

07-May-20 07:48

Non taxable supply is a supply of goods or services or both under which no gst is levied . But in respect of -ve list items it is not a supply under GST


treesa rose

treesa rose

CA Inter

46K+

23-May-20 17:10

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