Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Activities Deemed Supply Without Consideration Under UP GST Act 2017: Key Exceptions and Provisions Explained</h1> Under the Uttar Pradesh 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, supplies between related or distinct persons in business, and specific transactions between principals and agents. Additionally, the import of services by a taxable person from related entities or establishments outside India is treated as supply. However, gifts up to fifty thousand rupees from an employer to an employee in a financial year are exempted from being considered as supply.