https://www.taxtmi.com/article/detailed?id=7405 The Act treats specified activities as supply even without consideration, per Schedule I: permanent disposal or private use of business assets when input tax credit was availed; transactions between related persons and between establishments treated as distinct persons; principal-agent transfers where goods are supplied or received on behalf of another; and import of services from related persons or other establishments of the same person outside India. Gifts by an employer to an employee are exempt only up to the statutory threshold; amounts beyond that threshold are treated as supply. en-us Wed, 10 May 2017 07:14:12 +0530 Wed, 10 May 2017 07:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7405 The Act treats specified activities as supply even without consideration, per Schedule I: permanent disposal or private use of business assets when input tax credit was availed; transactions between related persons and between establishments treated as distinct persons; principal-agent transfers where goods are supplied or received on behalf of another; and import of services from related persons or other establishments of the same person outside India. Gifts by an employer to an employee are exempt only up to the statutory threshold; amounts beyond that threshold are treated as supply. Articles Goods and Services Tax - GST Wed, 10 May 2017 07:14:12 +0530 https://www.taxtmi.com/article/detailed?id=7405