📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Under GST, the 'Place of Supply' rules primarily

    determine:
    A The applicable tax rate. Correct Answer Incorrect Answer
    B Whether the transaction is an inter-state or intra-state supply. Correct Answer Incorrect Answer
    C The time when tax liability arises. Correct Answer Incorrect Answer
    D The value on which tax is to be paid. Correct Answer Incorrect Answer

    Solution

    The 'Place of Supply' is a critical concept under GST. It determines the jurisdiction where the goods or services are deemed to be supplied. This classification directly dictates whether the supply is inter-state (attracting IGST) or intra-state (attracting CGST and SGST/UTGST).

    Practice Next
    More Accounts Questions
    ask-question