GST Supply of Goods

1. SUPPLYOF GOODS

2.  Concept of supply of Goods and Services
 Composite & mixed supplies
 Place of supply
 Time of supply
 Value of supply
 Interstate supply
 Intrastate supply

3. Goods [sec. 2(52)] – movable property – money
& securities – under contact of supply
Services [sec. 2(102)] – immovable property –
restaurants service- transportation – telecom –
banking – financial & insurance services
Consideration [sec.2(31)] - any payment made –
recipient by person

4. Supply is defined to include all forms of
supply of goods/ services such as Sale,
Transfer, Exchange, Rental, Lease (or)
Disposal made (or) agreed to be made for a
consideration by a person in course (or)
furtherance (or) in progress of a business.
__________________________________________
Supply involvement of two independent
persons. GST transactions b/w two branches
of same legal entity in different State (or)
Countries (or) two registrations within the
same state is taxable GST

5. SALE : transferring the property in goods
from one to another upon valuable
consideration
TRANSFER: any transfer of goods or right in
goods or of undivided share in goods
without transfer of name [title]
BARTER: to exchange one commodity for
another without use of money
EXCHANGE: to swap or transfer for an
equivalent with the use of money

6. LICENCE: permission granted by authority
to activity would have legal act – without
illegal
RENTAL : periodical payment for the use of
another property
LEASE : contractual agreement by which one
party an estate in property to another party
- for a limited period – in exchange value –
still remain ownership
DISPOSAL: to pass or into the control of
someone else – to alienate [ make user
friendly]

7. SUPPLY DESCRIPTION GST RATE
COMPOSIT
E SUPPLY
[Transportation
/ delivery] or
[hotel provide
food &
accommodation
]
Composite supply
comprises 2 or more
supplies naturally
bundled in ordinary
course of business,
one of which is
principal supply
GST rate
applicable on
the supply shall
be applied on
the entire
consideration
MIXED
SUPPLY
[Combo packs
of goods]
It composite 2 or
more supplies (not
naturally bundled)
for a single price
It will be treated
as supply of that
particular item
which attracts
higher GST rate.

8. 1. Inclusive Meaning [section 7(1)] - [supply of
goods] Sale, Transfer, Exchange, Rental, Lease
(or) Disposal made
2. Non Inclusive Meaning [section 7(2)] - [supply
of services]
3. Recommendation of the council [section 7 (3)] –
Central Govt. notify other activates [inter-state
self supplies such transfer]

9. a. All forms of supply of goods (or) services
b. Import of service for a consideration, whether
(or) not in course (or) furtherance of business
c. Activities specified Schedule I made (or)
agreed made without a consideration
d. Activities to be treated as supply of goods/
services as referred Schedule II

10. a. Activities (or) transactions specified in
Schedule (iii)
b. Such activities (or) transactions
undertaken by Central Govt. & State Govt.
May be notified by the Govt. on the
recommendations of the council

11. Specify by notification the transactions
a. A supply of goods and not as supply of
services
b. A supply of services and not as a supply of
goods

12. 1. Import of services includes supply (sec 7(1)(b)) –
import of goods [ related / legal person]
2. Distinct persons as specified in (Sec 25) –
separate registration make distinct person (sec
25(4)) – more than one registration - one state or
more than one state or union territory - State is a
separate person (sec 25(5))

13. 3.Supplies by principal to agent - supply of
goods – “Agent” – a person including a factor
broker, commission agent who carries on the
business of supply or receipt of goods or
services or both on behalf of another.
“Principal” – a person on whose behalf an agent
carries on the business of supply or receipt of
goods or services or both
4. Import of services –[services received by
outside] transfer/ land & building/ treatment
or process/ transfer of business assets/ renting
of immovable property/ supply of goods

14. With Consideration
In the course
of furtherance
of business
(or) not are
taxable under
GST
Without Consideration
Related
Persons/Distinct
person and in
the course of
business are
taxable.

15. 1. Place of supply of goods – imported or
exported – movement – delivered & recipient –
assembled /installed @ site – board
conveyance
2. Place of supply of goods cannot be determined
3. Import – goods imported into India –[Location]
– Bangalore imports goods from china – IGST
– considered as interstate transaction
4. Export – goods exported from India – [outside]-
C ltd exporter from Chennai exports goods to
Japan - No GST is considered

16. Location
of service
Place of
supply
Nature of
supply
GST
Applicab
le
Chennai Chennai Intra-
state
CGST
+ SGST
Chennai Kerala Inter-
state
IGST

17. 1. Supplier [sec 2 (105)] – the person supplying
the specific goods or services
2. Recepient [ sec 2 (93)] – payment receipt
3. Removal [sec 2(96)] – dispatch & collection
4. Reverse charge [sec 2(98)] – pay tax receipt

18. Time of supply fixes the point when the
liability (responsibility) to charge GST
arises. The time of supply also indicates when
a supply deemed to have been made.
Voucher [section 2(118)] –
related documentation – including the terms
or conditions

19. 1. Time limit for issuance of invoice in case of
supplier of goods [sec 31(1)] – reg/ recp/deli
of goods
2. Issuance of invoice in case of continuous
supply of goods [sec 31(4)] – payment is
received
3. Goods sent on approval [sec 31(7)] – 6 months
date
4. Time of supply of goods in case of forward
charge [sec 12] – date of issue & date of
receive payment

20. 5. Time of supply of goods under reverse charge
mechanism [sec 12(3)] – date of receipt &
payment within 30 days
6. Time of supply in case of supply of vouchers
in respect of goods [sec 12(4)] – date of issue
& date of redemption
7. Time of supply in residuary cases [sec 12(5)] –
periodical return filed & date of tax paid

21. 1. Time limit for issuing tax invoice
a. Taxable supply of services – limit 30days for
banking services /45 days for tax period
b. Continuous supply of services – due date of
invoice time & date of receives payment
2. Time of supply of services -
Date of issue / receipt of payment / provision
service/ date of voucher
3. Time of supply in residuary cases – return field

22. 1. Time of supply of goods & services under
Forward charges
2. Time of supply of goods & services under
Reverse charges
3. Time of supply of Vouchers
4. Residuary clause

23. Goods
Date of issue of invoices
by the supplier or Last
date by which he is
required to issue the
invoice
Date on which the
supplier [seller]
receives the payment
Services
Date of issue of invoice by the
supplier if invoice issued within
prescribed period
Date of provision of service if
invoice is not issued within
prescribed [agreement] period
Date on which the supplier
receives the payment

24. Goods
Date of receipt of the goods
Date on which the
payment is made
30 days from the date
of invoice issued by
supplier
Services
Date of entry in the books of
recipient
Date of payment
Date on which payment is
made
60 days from the date of invoice
issued by the supplier

25. Time of supply of
vouchers for goods &
services
Date of issue of
vouchers if the
supplies is
identifiable at that
point
Date of redemption of
voucher in all other
ceases [luggage]

26. Residuary Clause
In case where a
periodical return has
to be filled, date on
which such return is
to be filled
In any other case, the
date on which
CGST/SGST/IGST/U
TGST is paid

27. 1. Section 15(1) – Assessable value to
transaction value – price which paid for
supply goods & services
2. Section 15(2) – value of taxable services –
taxes , fees & charges except CGST, SGST
– transportation charges – packing
expenses – charges for delayed payment –
interest or penalty – directly linked the
price with Central Govt. & State Govt.
3. Section 15(3) – Discount of supply

28. 1. Inter state supply of goods [sec 7 (1)] –
where location of the supplier [seller /
dealer] & place of supply of goods are in
different state/ union territory - more than
2 [different state/ union territory]
2. Import of goods [sec 7(2)] – imported to
India till they cross the customs of India is
inter state trade or commerce
3. Inter state supply of services [ sec 7(3)]
4. Export of goods or services [sec 7 (5)(a)] –
outside India

29. 1. Intra state supply of goods [sec 8 (1)] –
where location of the supplier [seller /
dealer] & place of supply of goods are in
same state/ union territory
2. Intra state supply of services [ sec 8(2)] -
where location of the supplier [seller /
dealer] & place of supply of services are in
same state/ union territory

30. Any Questions ?

31. Thank you
Dr. N. PRAKASH