Supply without consideration: specified business transfers, related party dealings, principal agent movements and imported services treated as supply under GST. Schedule I treats certain transactions as supply even without consideration: permanent disposal of business assets where input tax credit was availed; ... Summary
Supply without consideration: specified business transfers, related party dealings, principal agent movements and imported services treated as supply under GST.
Schedule I treats certain transactions as supply even without consideration: permanent disposal of business assets where input tax credit was availed; supplies between related or distinct persons in the course of business; principal-agent transfers for onward supply or receipt; and import of services by a taxable person from related persons or other establishments outside India, with a limited employer-to-employee gift exception.
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