New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What is the taxable event under

    GST?
    A Manufacturing of goods Correct Answer Incorrect Answer
    B Sales of goods Correct Answer Incorrect Answer
    C Provision of Services Correct Answer Incorrect Answer
    D Supply of Goods or service or Both Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    As per Sec 9(1) of CGST Act & 5(1) of IGST Act, levy of GST is on Supply. The taxable event under GST (Goods and Services Tax) is the "Supply of Goods or service or Both." GST is levied on the supply of goods and/or services.

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