Supply without consideration: business asset disposals, related-party transfers, principal-agent movements and imported services treated as supply. Activities treated as supply even without consideration include permanent transfer or disposal of business assets where input tax credit was availed; transfers of goods or services between related persons or distinct persons in the course or furtherance of business (with a limited employer-employee gift exception); principal-agent supplies where agent supplies or receives goods on behalf of the principal; and import of services by a taxable person from a related person or another establishment outside the territory in the course or furtherance 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, related-party transfers, principal-agent movements and imported services treated as supply.
Activities treated as supply even without consideration include permanent transfer or disposal of business assets where input tax credit was availed; transfers of goods or services between related persons or distinct persons in the course or furtherance of business (with a limited employer-employee gift exception); principal-agent supplies where agent supplies or receives goods on behalf of the principal; and import of services by a taxable person from a related person or another establishment outside the territory in the course or furtherance of business.
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