CA Inter GST Revision | Schedule III under GST | Negative List | Supply under GST | CA Karan Satija

Welcome back to the CA Inter GST Revision Series — where every important topic is revised in under 10 minutes! In this video, we cover Schedule III under GST — the "Negative List" of activities that are treated NEITHER as a supply of goods NOR as a supply of services, and therefore stay completely out of GST. Section 7(2) gives Schedule III an overriding effect, so even if something looks like a supply, being on this list keeps it outside the tax net. This is a favourite exam area for both theory and MCQs, and this quick revision locks in every entry with simple examples. In this quick revision you will understand: - What the Negative List means and how Section 7(2) overrides Section 7(1) - Services by an employee to the employer in the course of employment - Services by any court or tribunal - Functions and duties of MPs, MLAs and constitutional post holders - Services of funeral, burial and mortuary - Sale of land and sale of completed building (after completion certificate) - Actionable claims other than lottery, betting and gambling - High seas sales and sale in customs bonded warehouse - Important examples, MCQ points and common exam traps to avoid This series is designed for CA Inter students appearing in the Sept 2026 and Jan 2027 attempts who want fast, exam-focused revision without wasting time. One topic. Ten minutes. Complete clarity. If this helped you revise faster: 👍 LIKE the video 💬 COMMENT "REVISION" and I will share the complete Revision Series playlist link with you 🔔 SUBSCRIBE so you never miss a topic Let's revise smart and score high! #CAInter #GST #ScheduleIII #NegativeList #CAKaranSatija Contact Us: ☎ 𝐒𝐚𝐥𝐞𝐬: | | | | | Follow Us On: ✅ Instagram: ✅ Telegram: #CAInter #GST #ScheduleIII #NegativeList #SupplyUnderGST #CAInterGST #GSTRevision #CAKaranSatija #RevisionSeries #CAInterRevision