Ch 4 · GST — Charging Section & Levy

📘 Core concepts

1. 1GST: destination-based consumption tax; replaced VAT, Service Tax, Excise, etc.
2. 2CGST + SGST on intra-state; IGST on inter-state supply.
3. 3Supply (Sec 7): all forms of supply for consideration in course of business — sale, transfer, barter, lease, disposal.
4. 4Composite supply (one principal) vs Mixed supply (highest rate).
5. 5Time of supply: earliest of invoice date or payment receipt (goods); slightly different for services.