Most asked questions from the Government on GST.

Levy of and Exemption from Tax

Question 2 & 3

Q2: What is the taxable event under GST?

Ans. Taxable event under GST is supply of goods or services or both.

CGST and SGST/ UTGST will be levied on intra State supplies. IGST will be levied on inter-State supplies.

Q3: Whether supplies made without consideration will also come within the purview of supply under GST?

Ans. Yes, but only those activities which are specified in Schedule I to the CGST Act / SGST Act

The said provision has been adopted in IGST Act as well as in UTGST Act also.

In cases where the inputs/ capital goods sent for job work are not returned with in the specified time limit,

the supplies made by the principal to job worker will also be deemed to be a supply.