SCHEDULE 02 - ACTIVITIES OR TRANSACTIONS TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES

Transfer of title is supply of goods; transfers without title, leases, licences, processing and rentals qualify as services

Transfer of title in goods is a supply of goods, while transfer of rights or undivided shares without title is a service; agreements transferring title at a future date on payment are goods. Leases, tenancies, easements or licences to occupy land and letting out buildings are services. Treatment or processing of another's goods is a service. Transfers of business assets out of the business are supplies of goods; use of business goods for private or non-business purposes is a service; goods of a person ceasing to be taxable are deemed supplied unless transferred as a going concern or by a personal representative. Renting immovable property, specified construction activity (subject to completion-certificate exception), temporary transfer of IP, IT development/customisation, agreements to refrain or tolerate acts, and transfer of right to use goods are services. Works contracts and supply of food/drink as part of a service are composite supplies treated as services.