BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Location of supplier in Kerala and place of supply in Tamilnadu
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Location of supplier in Karnataka and place of supply in Karnataka
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Location of supplier in Kerala and place of supply on Andhra Pradesh
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c) None of the above
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Detailed explanation-1: -An intrastate supply is a supply of goods or services inside the same state or Union territory that is subject to GST. Intrastate supply would not apply to goods or services provided to a Special Economic Zone developer or Special Economic Zone unit located within the same state.
Detailed explanation-2: -The term “Inter-State Supply of Products” refers to a supply of goods where the supplier and the recipient are in different states or union territories. Intra-State delivery of products, on the other hand, refers to goods delivered to a location within the same State or Union area as the supplier.
Detailed explanation-3: -For example, if you have a company ABC in the State of Karnataka and you supply products to Company XYZ in Madhya Pradesh, then it comes under the category of inter-state supply. It ensures that the trade would become an inter-state supply if the supplier ‘s position and the delivery place are in separate countries.
Detailed explanation-4: -Whereas, intra-State supply of goods means supply of goods where the location of the supplier and place of supply are in the same State or Union territory.