Difference between Taxable supply and Place of supply under GST terms
What is Place of supply? How does Taxable supply work under GST regime? What are the difference between Place of supply and Taxable supply?
Under GST system, the following information explains about Place of supply and Taxable supply.
As per GST terms, “Place of supply” means the place of supply as referred to in Chapter V of the Integrated Goods and Services Tax Act; and “Taxable supply” means a supply of goods or services or both which is livable to tax under Central Goods and Service Tax Act, 2017.
The details about Place of supply and Taxable supply with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Place of supply and Taxable supply, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Place of supply and Taxable supply separately below. You may kindly read the below links to know more about Taxable supply and Place of supply.
Term place of supply under GST
What is Taxable supply under GST
The above information easily explains about Taxable supply and Place of supply.
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