Supply without consideration: specified intercompany transfers, principal agent dealings and imports of services treated as taxable supplies.

Certain transactions are treated as supply even without consideration: permanent transfer or disposal of business assets where input tax credit was availed; supplies between related or distinct persons in the course of business (excluding low value employer to employee gifts in a financial year); principal agent transfers where goods move between principal and agent for supply or receipt on behalf of the principal; and import of services by a taxable person from a related person or another establishment abroad in the course or furtherance of business.

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