GST- definition of supply GST TDS TCS applicability RCM, E Way Bill, Place of Supply, Time of Supply, Blocked credit - ITC

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GST- definition of supply, GST TDS TCS applicability, RCM, E Way Bill, Place of Supply, Time of Supply, Blocked credit - ITC

GST- definition of supply refers to the transfer of goods or services for consideration
GST TDS (Tax Deducted at Source) is applicable when making certain payments like salary, rent, etc.
GST TCS (Tax Collected at Source) is applicable for e-commerce operators
Reverse Charge Mechanism (RCM) requires the recipient of goods or services to pay the tax instead of the supplier
E Way Bill is a document required for the movement of goods worth over a certain value
Place of Supply determines whether a transaction is intra-state or inter-state
Time of Supply determines when the tax liability arises for a transaction
Blocked credit - ITC refers to the input tax credit that cannot be claimed under certain circumstances

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