Question 11 - A dealer of air-conditioners permanently transfers an air conditioner from his stock in trade, for personal use at his residence. Will the transaction constitute a supply?

Permanent transfer of business assets qualifies as a supply when input tax credit was claimed, even without consideration.

Permanent transfer of a dealer's air conditioner from stock to personal use constitutes a supply under GST where input tax credit was availed on the asset, and such disposal of business assets is treated as a supply even without consideration.