Supply classification: delineating when transfers constitute supply of goods versus supply of services under GST rules. Schedule II classifies transactions for GST: transfer of title in goods and transfer of business assets are supplies of goods, whereas transfers of rights without title, leases, letting out buildings, treatment or processing of another's goods, private use of business goods, renting immovable property, construction services (subject to completion certificate or first occupation), temporary transfer of intellectual property, IT development, agreements to refrain or tolerate acts, and transfers of right to use goods are supplies of services; composite supplies like works contracts and supply of food as part of services are treated as services.
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 classification: delineating when transfers constitute supply of goods versus supply of services under GST rules.
Schedule II classifies transactions for GST: transfer of title in goods and transfer of business assets are supplies of goods, whereas transfers of rights without title, leases, letting out buildings, treatment or processing of another's goods, private use of business goods, renting immovable property, construction services (subject to completion certificate or first occupation), temporary transfer of intellectual property, IT development, agreements to refrain or tolerate acts, and transfers of right to use goods are supplies of services; composite supplies like works contracts and supply of food as part of services are treated as services.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
