1. What are inter-state and intra-state supplies under GST? What is their relevance?

GST is a levy on supply of goods or services. To levy GST, supplies are categorised in two viz inter-state supplies (supplies from one state to another) and intra-state supplies (supplies within the state). In case of inter-state supplies, the Central Government will levy Integrated Tax under IGST Act, 2017 and in case of intra-state supplies, Central Government will levy Central Tax under CGST Act, 2017 and State Tax under SGST Act, 2017.

Read more: INTER-STATE AND INTRA-STATE SUPPLIES UNDER GST

Key Topics Covered:

• AUDIT
• GST
• DT & MSME

Updates

• FEMA
• COMPANIES ACT, 2013
• INCOME TAX

Key Topics Covered:

1. INCOME TAX
2. GST
3. RERA

Topics Covered:

—Section 22 – Charging section

—Section 23 – Annual value

—Section 24 – Deductions

—Section 25 – Non allowable deduction

—Section 26 – Chargeability in case of Co-owner

—Section 27 –Deemed Owner