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What are the necessary elements that constitute supply under CGST/SGST Act?

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posted Jun 26 by Deepak Jangid

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1 Answer

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In order to constitute a ‘supply’, the following elements are required to be satisfied, i.e.

(i) the activity involves supply of goods or services or both;
(ii) the supply is for a consideration unless otherwise specifically provided for;
(iii) the supply is made in the course or furtherance of business;
(iv) t h e supply is made in the taxable territory;
(v) the supply is a taxable supply; and
(vi) t h e supply is made by a taxable person

answer Jun 27 by Adarsh
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