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of <h1>Certain Transactions Taxed Under CGST Act 2017: Business Asset Transfers, Related Person Supplies, Principal-Agent Deals</h1> Under the Central Goods and Services Tax Act, 2017, certain activities are considered supplies even without consideration. These include the permanent transfer or disposal of business assets with availed input tax credit, supplies between related or distinct persons in business, and specific principal-agent transactions. Additionally, the import of services from related persons or foreign establishments for business purposes is included. However, gifts by an employer to an employee up to fifty thousand rupees annually are exempt. These provisions ensure that certain transactions are taxed to prevent tax avoidance.
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