Taxation Insight

What elements are required for taxability of the transaction under GST

A taxable event under GST is “Supply”. If a transaction falls under “Supply”, it only triggers GST liability.

For taxability of any transaction under GST, the following elements are required to be satisfied

Taxation Insight

Taxable Event under GST

Taxable event means any event or instance, occurrence of which triggers or result in a tax liability.

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