Supply without consideration: specified asset transfers, related party movements, principal agent flows and import of related services deemed taxable.

Supply even if made without consideration captures defined non consideration transfers: permanent transfer or disposal of business assets where input tax credit was availed; supplies between related or distinct persons in the course or furtherance of business (with an exception for nominal employer to employee gifts); principal-agent movements where goods pass to or from an agent acting for the principal; and import of services by a taxable person from a related person or another establishment outside India in the course or furtherance of business.

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