Non taxable auppy

Heading is non taxable supply*

Thread Starter

Swathi Krishna

CA Final

★ 8K+

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

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...

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.

CA Suraj Lakhotia

Admin

07-May-20 07:08

Thank you sir

Thread Starter

Swathi Krishna

CA Final

★ 8K+

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

CA Inter

★ 46K+

23-May-20 17:10