How to differentiate Casual taxable person with Non-taxable supply?
What is Casual taxable person? How does Non-taxable supply work under GST regime? What are the difference between Casual taxable person and Non-taxable supply?
Under GST system, the following information explains about Casual taxable person and Non-taxable supply.
As per GST terms, Casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business. Non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act. A transaction must be a 'supply' as defined under the GST law, to qualify as a non-taxable supply under the GST law.
The details about Casual taxable person and Non-taxable supply with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Casual taxable person and Non-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 Casual taxable person and Non-taxable supply separately below. You may kindly read the below links to know more about Non-taxable supply and Casual taxable person.
Meaning of term Casual taxable person under GST
Term non-taxable supply under GST
The above information easily explains about Non-taxable supply and Casual taxable person.
I hope, you have satisfied with the difference between Casual taxable person and Non-taxable supply explained above. Do you have different thought on difference between Non-taxable supply and Casual taxable person?
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