Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Section 7 of GST Act Defines 'Supply' Scope for Taxation, Including Sales, Transfers, and Imports; Exclusions Apply.</h1> Section 7 of the Central Goods and Services Tax Act, 2017, defines the scope of 'supply' for taxation purposes. It includes various forms of transactions such as sale, transfer, barter, exchange, and more, conducted for consideration in business. It also covers transactions between entities and their members, import of services, and certain activities listed in Schedule I. Some activities, specified in Schedule III or carried out by government entities as public authorities, are excluded from being considered as supply. The government can notify specific transactions as either supply of goods or services based on recommendations from the Council.