What are Goods and Services in GST?


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


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