A dealer of air-conditioners permanently transfers an air conditioner from his stock in trade, for personal use at his residence. Will the transaction constitute a supply?

A dealer of air-conditioners permanently transfers an air conditioner from his stock in trade, for personal use at his residence. Will the transaction constitute a supply? https://www.taxtmi.com/acts?id=24359 Permanent transfer of a dealer's air conditioner from stock to personal use constitutes a supply under GST where input tax credit was availed on the asset, and such disposal of business assets is treated as a supply even without consideration. en-us Mon, 03 Apr 2017 14:46:33 +0530 Mon, 03 Apr 2017 14:46:33 +0530 TaxTMI RSS Generator A dealer of air-conditioners permanently transfers an air conditioner from his stock in trade, for personal use at his residence. Will the transaction constitute a supply? https://www.taxtmi.com/acts?id=24359 Permanent transfer of a dealer's air conditioner from stock to personal use constitutes a supply under GST where input tax credit was availed on the asset, and such disposal of business assets is treated as a supply even without consideration. Act-Rules Bills Mon, 03 Apr 2017 14:46:33 +0530 https://www.taxtmi.com/acts?id=24359