Supply Under GST

What is blocked credit under GST?

What is blocked credit under GST? Under the Goods and Services Tax (GST) framework in India, Blocked Credit refers to the input tax credit (ITC) that cannot be claimed by a registered taxpayer. Even though the taxpayer incurs GST on certain goods and services, they are not allowed to claim credit for the tax paid […]

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What is the definition of “supply” under GST?

What is the definition of “supply” under GST? Under India’s Goods and Services Tax (GST) regime, the term “supply” is fundamental to the tax structure because GST is levied on the supply of goods and services. The definition of supply is broad and includes all forms of supply of goods and services, whether for a

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