Determination of Time and value of supply of goods and services under IGST Act

1. PreparedBy :
Poojitha.K
Assistant Professor

47. Place of Supply of Goods or
Services or Both

49. Need or Importance of Place of Supply
• Goods & Services Tax (GST) is a destination based
consumption tax, mean tax should effectively where
consumption of such supplies at destination thereof or as
the case may at point of consumptions.
• Place of supply is required to determine whether a supply
is subject to SGST or IGST, according to Intra-state or Inter-
state transaction. Hence, Place of supply play a vital role in
determining which state going to consume tax.
• The place of supply determines whether a transaction is
intra-state or interstate. In other words, the place of Supply
of Goods or services is required to determine whether a
supply is subject to SGST plus CGST in a given State or union
territory or else would attract IGST if it is an inter- state
supply.

71. Place of Supply of Services - OIDAR

86. Thank You