Supply without consideration: business asset disposals and related-party transactions treated as taxable supply under specified conditions. Activities treated as supply without consideration include permanent transfer or disposal of business assets with claimed input tax credit; supplies between related or distinct persons in the course of business (with a limited employer-employee gift exclusion); principal-agent transfers where the agent supplies or receives on behalf of the principal; and import of services by a taxable person from a related person or another establishment outside India in the course of business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Supply without consideration: business asset disposals and related-party transactions treated as taxable supply under specified conditions.
Activities treated as supply without consideration include permanent transfer or disposal of business assets with claimed input tax credit; supplies between related or distinct persons in the course of business (with a limited employer-employee gift exclusion); principal-agent transfers where the agent supplies or receives on behalf of the principal; and import of services by a taxable person from a related person or another establishment outside India in the course of business.
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