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    <description>Schedule I treats certain transactions as supply even without consideration: permanent transfer or disposal of business assets on which input tax credit was availed; supplies between related or distinct persons in the course or furtherance of business (with an employer-to-employee gift exemption up to fifty thousand rupees per year); transfers between principal and agent where the agent supplies or receives on behalf of the principal; and import of services by a taxable person from a related person or from the taxpayer&#039;s establishments outside India in the course or furtherance of business.</description>
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      <description>Schedule I treats certain transactions as supply even without consideration: permanent transfer or disposal of business assets on which input tax credit was availed; supplies between related or distinct persons in the course or furtherance of business (with an employer-to-employee gift exemption up to fifty thousand rupees per year); transfers between principal and agent where the agent supplies or receives on behalf of the principal; and import of services by a taxable person from a related person or from the taxpayer&#039;s establishments outside India in the course or furtherance of business.</description>
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