Question

Give Instances of a Non-Business Transactions subject to tax?

Answer 1

Answer:

For the levy of VAT, 4 different types of taxable transactions/taxable events are to be distinguished:

the supply of goods by an entrepreneur;

the supply of services by an entrepreneur;

the intra-community acquisition of goods; and.

the import of goods

Answer 2

Answer:

this article various business transactions and tax positions under GST law on the same has been discussed. Following 4 business transactions has been discussed: A. Freebies provided to customers B. Services provided by Employer to Employee C. Taxability of Ocean Freight and D. Supplies made outside India.

In this article various business transactions and tax positions under GST law on the same has been discussed. Following 4 business transactions has been discussed: A. Freebies