Inter-party supplies: activities between an entity and its members now treated as taxable supplies and deemed separate persons. A new clause inserts into section 7(1) a provision treating activities or transactions for cash, deferred payment or other valuable consideration between a person (other than an individual) and its members or constituents, or vice versa, as taxable supplies; an Explanation deems the person and its members or constituents to be two separate persons and the inter se activities to be deemed supplies.