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<h1>Certain Transactions Deemed Supply Under Bihar GST Act 2017: Including Business Asset Transfers, Related Party Transactions, and More.</h1> Under the Bihar Goods and Services Tax Act, 2017, certain activities are considered as supply even without consideration. These include the permanent transfer or disposal of business assets with availed input tax credit, supply of goods or services between related or distinct persons in business, and transactions between a principal and agent. Additionally, the import of services by a taxable person from related persons or foreign establishments in business is included. However, gifts up to fifty thousand rupees annually from an employer to an employee are exempt from being treated as supply.