GST Supply Explained in 20 Minutes. Section 7 & Schedules I, II, III . GST for Students Ep. 1

What is SUPPLY under GST? Understand Section 7 of the CGST Act, 2017, along with Schedule I, Schedule II and Schedule III in this easy-to-understand GST lecture for students. Welcome to GST for Students – Episode 2! Have you ever wondered why GST is applicable on some transactions but not on others? Why are certain transactions taxable even without consideration? And why are employee services and sale of land outside GST? In this 20-minute class, we explain the concept of SUPPLY under GST in simple Hinglish, with practical examples and exam-oriented questions. 📚 Topics covered in this video: 1. Section 7(1)(a) – Meaning and essentials of Supply. 2. Consideration – Monetary and non-monetary consideration. 3. Section 7(1)(b) – Import of services. 4. Schedule I – Activities treated as supply even without consideration. 5. Schedule II – Classification of supply as goods or services. 6. Schedule III – Activities neither treated as supply of goods nor supply of services. 7. Practical examples and 5 MCQs to test your understanding. 🎯 Who should watch? B.Com and M.Com students CA, CMA and CS aspirants Law students GST practitioners and beginners Anyone interested in understanding GST fundamentals GST for Students – Episode Series Episode 1: Introduction to GST Episode 2: Supply under GST Episode 3: Time of Supply (Coming Next) 📌 Watch till the end and attempt all 5 MCQs. 👍 Like the video if it helps you understand GST. 💬 Comment your answers to the practical questions. 🔔 Subscribe to the channel for more GST tutorials, practical examples and updates. DISCLAIMER: This video is intended solely for educational and informational purposes. It provides a simplified explanation of provisions of the CGST Act, 2017, and related schedules. It should not be treated as professional legal or tax advice. Viewers are advised to refer to the relevant statutory provisions, notifications, circulars and amendments applicable to their particular transactions before taking any decision. #GST #GSTForStudents #Section7 #SupplyUnderGST #CGSTAct