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Simple meaningThe taxable event under GST: sale, transfer, barter, lease and similar transactions.
Relevant ActCGST Act, 2017
Section / ruleSection 7
Technical meaning
All forms of supply of goods or services made for consideration in the course or furtherance of business, and specified activities without consideration.
Practical example
Sale of goods by a trader is a supply.
Related terms
Official reference
CGST Act, 2017, Section 7
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