Supply under GST | CA Inter GST Revision | Jan 27 | CA Karan Satija

Supply under GST - complete revision for CA Inter GST (Jan 2027 attempt) by CA Karan Satija. In this video we revise the definitions of goods, services, business and consideration, the scope of supply under Section 7, Schedule I (supply without consideration), Schedule II (goods vs services), Schedule III (negative list), composite and mixed supply under Section 8 and the important circular clarifications. 📌 TOPICS COVERED IN THIS VIDEO (37 topics) 1. Definition of Goods [Section 2(52)] - Movable property, Actionable claims, Growing crops, Timber 2. Definition of Services [Section 2(102)] - Anything other than goods, Exclusion of Money & Securities 3. Definition of Business [Section 2(17)] - Wide scope, Trade, Commerce, Profession, Vocation 4. Definition of Consideration [Section 2(31)] - Monetary & Non-monetary consideration, Subsidies 5. Meaning and Scope of Supply [Section 7(1)(a)] - Sale, Transfer, Barter, Exchange, License, Rental, Lease, Disposal 6. Importation of Services for Consideration [Section 7(1)(b)] - Business Purpose vs Personal Use 7. Supply without Consideration - Overview of Schedule I Provisions [Section 7(1)(c)] 8. Schedule I - Para 1: Permanent Transfer or Disposal of Business Assets where ITC has been availed 9. Schedule I - Para 2: Supply between Related Persons or Distinct Persons in course/furtherance of business 10. Schedule I - Para 2 Special: Employer to Employee Gifts (Exemption limit up to Rs. 50,000 per financial year) 11. Schedule I - Para 2 Special: Distinct Persons [Sec 25(4) & 25(5)] - Inter-State Branch Transfers & Stock Transfers 12. Schedule I - Para 3: Supply of Goods between Principal and Agent (Agent acting in own name / Invoice test) 13. Schedule I - Para 4: Importation of Services from Related Person / Establishment outside India without consideration 14. Schedule II - Activities/Transactions to be treated as Supply of Goods or Supply of Services [Section 7(1A)] 15. Schedule II - Para 1: Transfer of Title in Goods vs Transfer of Right to Use Goods 16. Schedule II - Para 2: Land & Building (Lease, Tenancy, Easement, License to Occupy Land / Renting of Building) 17. Schedule II - Para 3: Treatment or Process applied to another person's goods (Job Work) 18. Schedule II - Para 4: Transfer of Business Assets (Goods forming part of business, Ceasing to be taxable person) 19. Schedule II - Para 5: Supply of Services (Renting, Construction, IP Rights, IT Software, Agreeing to Refrain/Tolerate) 20. Schedule II - Para 6: Composite Supply - Works Contract & Restaurant/Catering Services 21. Schedule II - Para 7: Supply of Goods by Unincorporated Associations/Clubs to Members 22. Schedule III - Negative List: Activities Neither Supply of Goods nor Supply of Services [Section 7(2)(a)] 23. Schedule III - Para 1: Services by an Employee to Employer in course of or in relation to employment 24. Schedule III - Para 2: Services by any Court or Tribunal established under any law 25. Schedule III - Para 3: Functions performed by MPs, MLAs, Members of Panchayats, Constitutional Post Holders 26. Schedule III - Para 4: Funeral, Burial, Crematorium, Mortuary services including transportation of deceased 27. Schedule III - Para 5: Sale of Land and Sale of Building (Subject to Clause (b) of Para 5 of Schedule II) 28. Schedule III - Para 6: Actionable Claims other than Specified Actionable Claims (Lottery, Betting, Gambling, Horse Racing, Online Gaming) 29. Schedule III - Para 7 & 8: Out-and-Out Supplies (Merchant Trading) & Warehoused Goods Transfer before home clearance 30. Composite Supply [Section 8(a) & Sec 2(30)] - Naturally bundled, Tax rate of Principal Supply applies 31. Mixed Supply [Section 8(b) & Sec 2(74)] - Not naturally bundled, Tax rate of item with Highest Rate applies 32. Circular Clarification: Printing Contracts (Books, Pamphlets vs Envelopes, Letterheads, T-shirts) 33. Circular Clarification: Servicing of Cars with Spare Parts & Labour 34. Circular Clarification: Food & Beverages supplied in Cinema Halls 35. Circular Clarification: Transfer of Tenancy Rights / Tenancy Premium (Pugree) 36. Circular Clarification: Inter-state movement of conveyances, rigs, tools, and cranes 37. Circular Clarification: Breakage / Expiry of Vouchers & Derivatives/Futures Transactions 📚 CA INTER GST REVISION SERIES - JAN 2027 This video is part of the chapter-wise CA Inter GST Revision series (15 videos) on this channel. 🔔 SUBSCRIBE for the complete series: 👍 Like the video, share it with your CA Inter study group and comment your doubts below. Contact Us: ☎ 𝐒𝐚𝐥𝐞𝐬: | | | | | Follow Us On: ✅ Instagram: ✅ Telegram: #SupplyUnderGST #CAInterGST #CAInterJan2027 #GST #CAInter #GSTRevision #CAKaranSatija #ICAI #CAInterTaxation #IndirectTax #CAStudents #CAIntermediate #Jan2027 #ScheduleI #CompositeSupply #MixedSupply