What is the place of supply of goods in GST?

What is the place of supply of goods in GST?

H&R Block India brings to you a video on Place of Supply under GST.

This video will tell you about Who need establishing place of supply, Why is it necessary to determine place of supply, Value of supply, Determining the place of supply or services, Determining type of transaction.

Place of supply will play a significant role in determining the levy of CGST, IGST & SGST. Watch the video to know how the place of supply is determined under GST.

There are different sections under GST such as Central GST (CGST), Inter-State GST(IGST), State GST(SGST) and Union Territory GST (UTGST). To determine the tax section that will apply to transaction of the goods and services determining place of supply is essential.

Place of supply and the location of the supplier determines the status of transaction. The supplier provides goods or services from a place, which is called location of supplier. The place where the recipient will collect these goods is called Place of Supply.

Place of supply is essential for dealing in cross-border services. It also benefits those who deal in cross border transactions.

GST is levied at the place where goods and services are consumed and the revenue goes to the body where the goods and services are consumed.

Transactions can be either Domestic or International depending on whether the transactions are done within India or if any one of the parties involved is located outside India.

IGST is applicable for Inter-state transactions when the supplier and recipient are located in two different states.

SGST and CGST are applicable for Intra-state transactions when the supplier and recipient will be located in the same state.

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