Goods

Any kind of moveable and immovable property and goods exclude money

Examples of goods are:

• Products
• Land & building (include deed of assignment, strata title)
• Change in business use for business assets
• Transfer of assets due to cessation of business

Services

Anything which is not supply of goods but is done for a consideration is a supply of services

Example of services are:

• Insurance services
• Rental of properties
• Granting of rights (license, trademark, copyrights)
• Imported services (reverse charge to self account GST)
• Services to a connected person for no consideration