https://www.taxtmi.com/article/detailed?id=7120 Revised draft GST limits the definition of supply to transactions in furtherance of business by deleting the ''whether or not for consideration'' language. Schedule I narrows deemed supplies: permanent transfers count only where input tax credit was availed; supplies to related persons or between separate registrations of the same person, and principal agent transfers, are treated as deemed supplies; importation of services without consideration is deemed only when from a related person or another establishment. Deletions include temporary private use transfers and assets retained after deregistration. en-us Wed, 14 Dec 2016 08:44:41 +0530 Wed, 14 Dec 2016 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7120 Revised draft GST limits the definition of supply to transactions in furtherance of business by deleting the ''whether or not for consideration'' language. Schedule I narrows deemed supplies: permanent transfers count only where input tax credit was availed; supplies to related persons or between separate registrations of the same person, and principal agent transfers, are treated as deemed supplies; importation of services without consideration is deemed only when from a related person or another establishment. Deletions include temporary private use transfers and assets retained after deregistration. Articles Goods and Services Tax - GST Wed, 14 Dec 2016 08:44:41 +0530 https://www.taxtmi.com/article/detailed?id=7120