TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Free Services from Overseas Affiliates Taxable Under CGST Act's Schedule I, Section 7(1)(c)</h1> Supply without consideration is considered a supply under Schedule I of the CGST Act, as per Section 7(1)(c). Schedule I includes activities or transactions made without consideration, such as the import of services by a person from a related person or another establishment outside India, in the course or furtherance of business. These are taxable whether or not consideration is involved. For example, a company in India receiving free technical services from its US head office is treated as a supply. Clarifications on the valuation of such imports by related persons are provided in Circular No. 210/4/2024-GST.
TaxTMI 
TaxTMI 
