GST - Defination of Supply
Channel: Content Guru
Date: 2017-08-08

GST-Great and Simple TAX,
In this tutorial we are trying to simplify defination of SUPPLY in GST.
Today we try and explain terms like Intra State/Inter State supply of things.
Concept of “SUPPLY” instead of “SALE” : 
 EFFECTS- “Supply includes all forms of Goods and  Services such as Sale, Transfer, Barter, Exchange,  License, Rental, Lease and Disposal”-Very Wide. 
Concept of Central & State GST And INTEGERATED GST (IGST)
       EFFECTS-  
       1. Taxes move along with Goods & Services;
    2. Consuming States benefit more than                     Manufacturing States;
    3. GST Tax levied at the  time of Supply similar to the removal goods as in Excise presently;
Concept of Two Parties Done Away With – 
 Not necessary to have a Buyer & Seller under GST
 Liability to pay even on Internal Transfers   

GST series - To explain GST in simple word . This video and series of videos will help in understanding many questions about GST like what is GST and Why GST is introduced by Govt .  When GST was introduce in world , how GST is going to impact small and big business . What revolution GST is going to bring in india - Is it going to be in favour of common citizen or not . How GST will make impact business in India . Process of doing business in india will be complicated or simplified in india , How international/FDI investment will get impacted with GST , investments will increase or will bound to go slow . 
Questions related HSN Codes, CGST, SGST or IGST will be answered in the coming videos. 
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