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Outward Supply – Sec 2(83)

Outward Supply – Sec 2(83)

Outward Supply in relation to a person, shall mean supply of  goods or services, whether by sale, transfer, barter, exchange, licence, rental, lease or disposal or any other means made  or agreed to be made by such person in the course or furtherance of business.

Explanation:

  • Even in case of “agreed to supply” would constitute outward supply.

It is important to note that GST will be imposed on  advance payment (only towards services) made under agreements for “supply in future”.

GST-Goods and Service Tax | Tina Saha |