Supply Under GST

Supply Under GST

Supply under GST Meaning and Types of Supply Under the Goods and Services Tax (GST) regime, "supply" is the cornerstone for determining the applicability of GST. The term "supply" refers to the transfer of goods and/or services, and it is the fundamental concept that decides whether tax is applicable to a transaction. Meaning of Supply under GST Supply under GST is defined in Section 7 of the CGST Act, 2017, and it broadly includes: Sale : A transfer of goods or services for a price. Transfer : Moving the ownership or possession of goods or services from one entity to another. Barter or Exchange : Exchanging goods or services for other goods or services without money. Lease, License, or Rental : The granting of a right to use property or services in exchange for a consideration. Import : Bringing goods into a country (which is treated as a supply). Export : Goods and services supplied to a foreign country. Any transaction involving the supply of goods and/or services can potentially be taxable under GST if it meets the conditions for taxable supply. Types of Supply under GST GST divides supplies into different categories, which help determine how the tax should

Updated July 15, 2026