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<h1>Understanding 'Supply': Section 7 of West Bengal GST Act Covers Transactions and Exceptions in Business Activities</h1> The West Bengal Goods and Services Tax Act, 2017, defines 'supply' under Section 7 as including all forms of goods or services transactions such as sale, transfer, barter, exchange, license, rental, lease, or disposal for consideration in business activities. It also covers import of services for consideration and certain activities without consideration as specified in Schedule I. Activities classified in Schedule II are treated as supply of goods or services. However, activities in Schedule III or those by government entities as public authorities are not considered supply. The government may specify transactions as supply of goods or services based on council recommendations.