https://www.taxtmi.com/article/detailed?id=7009 Schedule I of the Model GST law deems certain transactions to be supply even without consideration, including permanent disposal of business assets, temporary application of business assets to private use, services used privately, assets retained after deregistration, and supplies by a taxable person to any other person in the course or furtherance of business. Clause 5 is highlighted as especially broad, potentially capturing stock transfers, gratuitous professional services, and intra unit movements, and raising valuation and credit reversal issues that expand GST incidence and compliance burdens. en-us Tue, 27 Sep 2016 10:10:31 +0530 Tue, 27 Sep 2016 10:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7009 Schedule I of the Model GST law deems certain transactions to be supply even without consideration, including permanent disposal of business assets, temporary application of business assets to private use, services used privately, assets retained after deregistration, and supplies by a taxable person to any other person in the course or furtherance of business. Clause 5 is highlighted as especially broad, potentially capturing stock transfers, gratuitous professional services, and intra unit movements, and raising valuation and credit reversal issues that expand GST incidence and compliance burdens. Articles Goods and Services Tax - GST Tue, 27 Sep 2016 10:10:31 +0530 https://www.taxtmi.com/article/detailed?id=7009