GST supply

In the context of the Goods and Services Tax (GST) in India, "supply" refers to the supply of
goods or services made in the course of business. GST is a comprehensive indirect tax levied on
the supply of goods and services, and it replaces several indirect taxes that were previously
levied by the central and state governments.
There are four types of supplies under GST:
1. Intra-State supply: A supply of goods or services made within the same state. For
example, a sale of goods from a manufacturer in Delhi to a retailer in Delhi would be an
intra-State supply.
2. Inter-State supply: A supply of goods or services made from one state to another state.
For example, a sale of goods from a manufacturer in Delhi to a retailer in Mumbai would
be an inter-State supply.
3. Export supply: A supply of goods or services made to a recipient outside India. Exports
are zero-rated, which means no GST is payable on exports, but the exporter can claim a
refund of the GST paid on inputs and inputs services used in the production of goods for
export.
4. Import of goods and services: The bringing of goods or services into India from a place
outside India. Imports are considered to be inter-State supplies, and GST is payable on
imports at the same rate as it would be payable on a similar supply of goods or services
made within India.

In order to comply with GST laws, businesses must register with the GST authorities and obtain
a GSTIN (GST Identification Number). They must also file regular returns reporting the details of
their supplies and the GST payable or payable, as well as any input tax credit they are entitled
to claim.

By standardizing the tax treatment of supplies across the country, GST is intended to create a
unified and seamless national market, making it easier and more cost-effective for businesses
to operate across state borders