GST Explained with Simplicity | Threshold, Supply, Types, Valuation & Key Terms

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  • Schedule II: Deems certain activities as supply of goods/services (e.g. renting immovable property).
  • Schedule III: Lists activities not treated as supply (e.g. employee services to employer).

🔹 Intra-State Supply

  • Supply between different States.
  • Section 7(1) of IGST Act
  • Section 16: Entitlement to claim ITC.
  • Packing charges
  • Commissions
  • Trade discounts (shown in invoice)
  • Packing = ₹200

📊 GST Rate Structure

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