Types of Supply under GST
Miscellaneous Supplies under GST Regime except Section 7 of CGST Act
- Inward Supply
- Outward Supply
- Composite Supply
- Mixed Supply
- Non Taxable Supply
- Nil Rated Supply
- Exempted Supply
- Zero Rated Supply
- Non GST Supply
- Inter State Supply
- Intra State Supply
- Continuous Supply
Inward Supply
Inward Supply in relation to a person shall mean receipts of goods and/or services whether by purchase, acquisition or any other means and whether or not for any consideration. In simple word, any types of purchases are called inward supply.
Outward Supply
Outward Supply in relation to a person shall mean supply of goods and/or services whether by sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to make by such person in the course or furtherance of business. In simple word, any types of sales are called outward supply*
Composite Supply
Section 2(30) of CGST Act, Composite Supply means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply. Composite Tax treatment Under Composite supply, the tax rate of the principal supply will apply on the entire supply.
For Example: A hotel in Delhi provides breakfast, Lunch, Dinner, Taxi Services, a swimming pool and spa services along with your hotel room you can use all of the other services only if you stay in the hotel. Therefore, this is a composite supply and it cannot be sold separately. The accommodation is principal supply, and the other components of the package are dependent supplies*
Mixed Supply
Section 2(74) of CGST Act, Mixed Supply means two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply* .
Tax Treatment under Mixed supply, the tax rate of the item which has the highest rate of tax.
For Example: A Supply of Package consisting of sweets, chocolates, dry fruits, cakes, fruit juice and toys when supplied for a single price are a mixed supply. Each of these items can be supplied separately and is not dependent on any other. It shall not be a mixed supply if these items are supplied separately.
Types of Supply under GST
