Supply of goods or services is ‘taxable event’ in GST

Supply of goods or services is ‘taxable event’ in GST :

Goods and Services Tax means a tax on supply of goods or services, or both, except taxes on supply of  alcoholic liquor for human consumption [Article 366(12A) of Constitution of India inserted w.e.f. 16-9-2016]

Note that the word used is ‘supply’ and not ‘sale’. ‘Consideration’ is not required for supply.

Thus, inter-state stock transfers, branch transfers will also get covered under GST net.

Luckily, goods sent for job work will not be liable to pay GST.