Goods and Services Tax (GST) India

Explore key GST definitions in India, including supply, goods and services, consideration, supplier, recipient, and business, in part 1 of the introduction and definitions.

Unpack the meaning of supply under GST, focusing on section 7, the course of business, and the importation of services and exemptions.

Explore supply under GST without consideration, detailing schedule one activities, disposal or transfer of business assets, stock transfers between establishments, related parties, and imported services in the course of business.

Outlines what constitutes supply under GST part 4, and how promotions, transfers of title or rights, leases, licenses, and contracts are classified as supplies of goods or services, including exceptions.

Understand GST treatment of complex supplies by identifying the principal and ancillary elements in composite and mixed supplies, and applying rate determination and taxable supply concepts.

Understand how the charge of GST in India is triggered by the taxable event of supply, covering intrastate and interstate supplies and the reverse charge mechanism, CGST and IGST.

Explore how GST charge rules determine interstate and intrastate supplies, place of supply, and supplier location under sections seven to nine, including imports, exports, and service rules.

Understand the charge of GST, its levy across intra- and inter-state supplies, rates, transaction value, imports, and reverse charge mechanics in India.

Understand classification of goods and services, rate application, and interpretation rules that govern GST charge, ITC eligibility, and real estate sector conditions like affordable housing.

The lecture explains who pays GST on capital goods and airport charges, showing airport operators are liable for GST collected from passengers via airlines, with reverse charge conditions.

Understand the GST composition levy for small taxpayers, including eligibility by preceding financial year turnover and thresholds, with simplified rates and withdrawal rules.

Explore GST exemptions, including exempt goods and services, non-taxable supplies, nil rate provisions, and how notifications, specific activity or supplier criteria, and public interest shape eligibility.

Explore GST exemptions for charitable entities under section 20 and charitable trusts under section 12, covering training in art, culture, sport, and religious ceremonies.

Explore GST exemptions in India, focusing on agriculture-related services, storage and warehousing of agricultural produce, and related cultivation processes.

Explore goods and services tax (gst) exemptions in agriculture and education, including exempt farming activities, processing limits, farm labor, extension services, and education institutions' input and output services.

Explore GST exemptions for health care by defining eligible services across recognized medical systems, hospital and clinical establishments, ambulance transport, meals, and related practitioner services.

Learn about GST exemptions in India, covering housing for all missions, charitable and educational services, government and public transport exemptions, and select banking and road transport rules.

Explore GST exemptions in India, including banking and insurance intermediary services, health services, educational and legal services, and the roles of business correspondents and facilitators, plus leasing and sponsorship examples.

Explains GST exemptions for cooperative housing societies and unincorporated non-profits, detailing when services to members are exempt based on aggregate turnover and per‑member charges, and when GST applies.

Explore the concept of place of supply under GST, including destination-based taxation, definitions for goods and services, B2B vs B2C rules, and proxies like location of provider and recipient.

Explore the place of supply under GST India, covering sections 10 and 11, including movement of goods, installation and assembly, import and export, and domestic versus cross-border transactions.

Explain the general and specific place-of-supply rules under GST section 12 for services in India, including B2B and B2C, and cases involving immovable property, hotels, vessels, events, and transport.

The lecture explains place of supply under GST section 12 for goods and services, including on-board supply, telecommunications services, and advertising, using departure location and recipient address as proxies.

Explore how the place of supply for services under section 13 is determined, including general and special rules for cross-border, export or import of services, and immovable property.

Explore the time of supply under GST, including definitions, liability, and the point at which tax becomes payable. Learn key terms like supplier, recipient, goods, services, invoices, and records.

Explores the time of supply under section 12 of GST India, detailing invoice timing, payment date, advances, forward and reverse charges, and vouchers.

Understanding time of supply under goods and services tax (gst) india section 13 for services, including forward and reverse charge, invoicing rules, and continuous supply considerations.

Explore time of supply under GST section 40, using three markers: actual supply, invoice date, and payment date, to determine timing before or after rate changes.

Explore the introduction to the value of supply in GST, with key definitions like agent, principal, consideration, money, market value, and recipient, explained across sections and transaction scenarios.

Explore how the GST value of supply is determined under section 50 and 15, using transaction value and inclusions like taxes, incidental expenses, subsidies, and discounts.

Explore GST valuation rules 27–31 for the supply of goods and services, including open market value, like kind and quality, cost-based methods, and related-party agent scenarios.

Learn GST valuation rules for supply value across services and goods, including foreign currency exchange, air travel bookings, life insurance, secondhand goods, and vouchers.

Explore how input tax credit under GST eliminates cascading taxes, linking input goods, services, and capital goods to outputs while addressing exemptions, zero-rated exports, and block credits.

Explain apportionment of input tax credit under goods and services tax in India section 17 using rule 42 and 43 for taxable and exempt supplies, capital goods and input services.

explore how input tax credit can be blocked or reversed under section 18 and section 80 in special circumstances, including stock, work in progress, capital goods, and changes in constitution.

Learn which GST ITC credits are blocked and when exceptions apply, covering motor vehicles, vessels and aircraft, food and beverages, construction, subcontracting, and employer-provided benefits.

Examine blocked credits under GST India part 2, including discounts, input tax credit for input services and capital goods, and treatment of time expired medicine returns.

Understand how the GST input tax credit is distributed by an input service distributor under sections 20 and 21, including head office and branches sharing common services through turnover-based apportionment.

Learn how input tax credit under GST works under sections 16 and 60, including eligibility, conditions, receipts of goods or services, documents, payment timing, and the matching concept.

Explore the basics of GST registration in India, including who must register, the importance of registration, and the flow of input tax credits across establishments and places of business.

Learn how section 22 of GST determines registration by aggregate turnover, the 20 lakh threshold (with Mizoram special-case rules), and what qualifies as turnover, including outward supplies and exemptions.

Explore GST registration under sections 23 and 24, detailing who must register, threshold limits, and exemptions for agriculturists and notified handicraft suppliers.

Understand section 25 GST registration: electronic application, timelines, principal and additional places of business, and the option for single or separate registrations per branch.

Explore registration under section 25 of GST India, detailing mandatory authentication, principal place of business verification, and the effective date of registration.

Learn the GST registration process under sections 26 to 30, including rules, amendments, cancellations, suspensions, and revocations, with emphasis on application, timelines, and compliance implications.

Explore GST India definitions and the role of tax invoices under section 31, including how invoices, debit notes, and input tax credit work for goods and services.

Explore how e-invoicing under GST standardizes invoice data, creates a unique reference number, and automates reporting for B2B and B2C supplies, reducing fraud and errors.

Explore special GST cases part 2, detailing tax invoices, payment vouchers, reverse charge, and delivery on delivery basis with rule 55 and rule 46 implications.