How to differentiate Non-taxable supply with Taxable supply?
What is Non-taxable supply? How does Taxable supply work under GST regime? What are the difference between Non-taxable supply and Taxable supply?
Under GST system, the following information explains about Non-taxable supply and Taxable supply.
As per GST terms, 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 and Taxable supply means a supply of goods or services or both which is leviable to tax under Central Goods and Service Tax Act, 2017.
The details about Non-taxable 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 Non-taxable 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 Non-taxable supply and Taxable supply separately below. You may kindly read the below links to know more about Taxable supply and Non-taxable supply.
Term non-taxable supply under GST
What is Taxable supply under GST
The above information easily explains about Taxable supply and Non-taxable supply.
We hope, you have satisfied with the difference between Non-taxable supply and Taxable supply explained above. Do you have different thought on difference between Taxable supply and Non-taxable supply?
Share below your thoughts about Non-taxable supply and Taxable supply
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