Types of Supply Under GST

The Goods and Services Tax (GST) is a revolutionary tax reform in India that has streamlined the indirect tax system. One of the key aspects of GST is the classification of various types of supplies, which directly impacts how businesses operate and comply with tax regulations. Understanding these types is crucial for businesses, especially when it comes to GST registration in Jaipur . In this blog, we will explore the different types of supply under GST and their implications for businesses. 1. Intra-State Supply Intra-State supply refers to the supply of goods or services where the location of the supplier and the place of supply are within the same state. For instance, if a business based in Jaipur sells goods to another entity within Rajasthan, it falls under intra-state supply. Under this type, both Central GST (CGST) and State GST (SGST) are levied. Example: A Jaipur-based electronics retailer selling a television to a customer in Udaipur will charge both CGST and SGST. 2. Inter...