The Decentralized Finance (DeFi) universe has upended the conventional financial system with a decentralized and open alternative to banking and investment. Yet, as DeFi expands, it is confronted by a major problem: blockchain interoperability. Other DeFi protocols and decentralized applications (dApps) are usually tethered to a single blockchain platform, like Ethereum, Binance Smart Chain, or Solana, which cannot easily transfer funds between platforms. Cross-chain DeFi fills...
Goods and Services Tax (GST) is levied on the "supply" of goods and services, making it vital for businesses and taxpayers to fully understand its meaning, types, and implications. The broad definition of supply under GST ensures comprehensive tax coverage, helping to determine the tax liability for various business transactions.
Definition of Supply under GST
Under GST, “supply” refers to the sale, transfer,...
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