{"id":46,"date":"2017-03-22T19:05:16","date_gmt":"2017-03-22T13:35:16","guid":{"rendered":"http:\/\/www.gsthelplineindia.com\/blog\/?p=46"},"modified":"2018-03-30T08:57:00","modified_gmt":"2018-03-30T08:57:00","slug":"simple-ways-determine-supply-goods-services-gst","status":"publish","type":"post","link":"https:\/\/www.gsthelplineindia.com\/blog\/2017\/03\/22\/simple-ways-determine-supply-goods-services-gst\/","title":{"rendered":"Simple Ways to Determine the Supply of Goods and Services in GST"},"content":{"rendered":"

What is meant by Supply of Goods and Services?<\/strong><\/p>\n

The supply of Goods and Services<\/em> under the GST is the taxable entity. All the indirect taxes in the old taxation structure such as Service Tax, VAT\/CST, Central Excise<\/em>\u00a0are subsumed under GST (Goods and Service Tax)<\/strong>. With this subsumption, the concept of sales, manufacture of goods and the services will be irrelevant. There are some indirect taxes<\/a> that are included in the GST. The taxes that are not included in the GST: Basic Customs Duty, Exports Duty, Road & Passenger Tax, Toll Tax, Property Tax, Stamp Duty and Electricity Duty.<\/em><\/p>\n

The various types of supply to be considered are as follows:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
TRANSFER<\/strong><\/td>\nAny transfers between sections form a part of supply and are taxable.<\/td>\n<\/tr>\n
SALE<\/strong><\/td>\nAny sale of goods or services which entirely result in the transfer of title in case of goods, and transfer of benefit to use in case of services.<\/td>\n<\/tr>\n
EXCHANGE<\/strong><\/td>\nWhen the compensation is paid through goods instead of money.<\/td>\n<\/tr>\n
RENT<\/strong><\/td>\nRenting of property furnished or partially is a supply under GST<\/td>\n<\/tr>\n
LICENSE<\/strong><\/td>\nAny grant of license to use forms is the part of supply such as online subscriptions<\/td>\n<\/tr>\n
DISPOSAL<\/strong><\/td>\nDisposal of business assets comes under supply<\/td>\n<\/tr>\n
LEASE<\/strong><\/td>\nLetting out the building or property on lease is a supply under GST<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Methods to Determine the Supply of Goods and Supply of Services in GST<\/h2>\n

If you go through the schedule-II of the draft GST law<\/strong>, there it clearly explains the methods used in determining the supply type in terms of goods and services independently. It will clear all doubts regarding the dilution of current indirect tax<\/strong> system such as Service Tax, VAT, <\/em>custom duty<\/em> and others. It is very important for business firms to understand the difference between the supply of goods and supply of services to get better knowledge. The draft GST law enlists the transaction related to land and property, transfers, third party goods, work contract, rent, lease, etc.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sl.No<\/strong><\/th>\nForms of supply<\/strong><\/th>\nTreated as supply of?<\/strong><\/th>\nExample<\/strong><\/th>\n<\/tr>\n
1<\/strong><\/td>\nAny transfer of the title in goods<\/td>\nGoods<\/td>\nElectronic Store sold laptop to Mr. Deepak. This will be treated as supply of goods, because on sale, the title of the laptop is transferred to Mr. Deepak.<\/td>\n<\/tr>\n
2<\/strong><\/td>\nAny transfer of goods without transfer of title<\/td>\nServices<\/td>\nElectronic Store supplied laptop to Mr. Ram, on rental basis, for a period of 4 months.<\/p>\n

This amounts supply of service because laptop is transferred for Mr. Ram usage, and the title of the laptop is still with Electronic Store.<\/td>\n<\/tr>\n

3<\/strong><\/td>\nAny transfer of title of goods under an agreement which stipulates that property in goods will pass at a future date upon payment of full consideration as agreed.<\/td>\nGoods<\/td>\nElectronic Store supplied laptop to Mr. Prakash in an agreement to receive payments in 6 installments.<\/p>\n

This amounts supply of goods, because the title of the laptop will pass on to Mr. Prakash on completing the payment installments.<\/p>\n

Typically, all hire purchase will qualify under this section.<\/td>\n<\/tr>\n

4<\/strong><\/td>\nAny lease, easement, tenancy, and licence to occupy land<\/td>\nServices<\/td>\nMr. Mahesh lets out land on lease to Electronic Store. The letting out of land on lease is considered as supply of services.<\/td>\n<\/tr>\n
5<\/strong><\/td>\nAny lease or letting out of the building including a commercial, industrial or residential complex for business or commerce, either wholly or partly<\/td>\nServices<\/td>\nMr. Mahesh lets out a building to Electronic Store. Electronic Store used the building for display and sale of laptop.<\/p>\n

This is a supply of services.<\/td>\n<\/tr>\n

6<\/strong><\/td>\nJob work \u2013 Any treatment or process which is being applied to another person\u2019s goods<\/td>\nServices<\/td>\nElectronic Store also undertakes repair works of the laptop of their customers.<\/p>\n

The repair activity will be treated as supply of service.<\/td>\n<\/tr>\n

7<\/b><\/td>\nBusiness assets put to private use or non- business use whether or not for a consideration<\/td>\nServices<\/td>\nCar used for business is put to private use. This is a supply of services.<\/td>\n<\/tr>\n
8<\/b><\/td>\nRenting of immovable property<\/td>\nServices<\/td>\nRenting of shop premises is considered as supply of services.<\/td>\n<\/tr>\n
9<\/b><\/td>\nDevelopment, design, programming, customisation, adaptation, up-gradation, enhancement, implementation of information technology software<\/td>\nServices<\/td>\nSAG Infotech Pvt Ltd developed a payroll software for Furniture House. The development of software is a supply of services.<\/td>\n<\/tr>\n
10<\/strong><\/td>\nWorks contract, including transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract of immovable property<\/td>\nServices<\/td>\nSharma Construction Ltd constructed a commercial complex involving material and labour.<\/p>\n

This is a supply of services.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Download our GST Helpline mobile application<\/a> that is available on both iOS and android platforms. The GST Helpline<\/strong> offers a wide range of features and knowledge regarding GST India. Users get interactive and light interface that makes the app work amazingly. The users get notified about GST draft law and news articles.<\/p>\n

Related :<\/strong> Download GST Helpline App for iOS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What is meant by Supply of Goods and Services? The supply of Goods and Services under the GST is the taxable entity. All the indirect taxes in the old taxation structure such as Service Tax, VAT\/CST, Central Excise\u00a0are subsumed under GST (Goods and Service Tax). With this subsumption, the concept of sales, manufacture of goods … <\/p>\n

Continue reading “Simple Ways to Determine the Supply of Goods and Services in GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[16,17,10],"yoast_head":"\nMethods to Determine the Supply of Goods and Services in GST<\/title>\n<meta name=\"description\" content=\"The draft GST law enlists the transaction related to land and property, transfers, third party goods, work contract, rent, lease, etc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gsthelplineindia.com\/blog\/2017\/03\/22\/simple-ways-determine-supply-goods-services-gst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Methods to Determine the Supply of 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