https://www.taxtmi.com/article/detailed?id=7507 Section 7 defines the scope of supply under GST expansively: supply includes various forms of transfer for consideration, importation of services for consideration, specified transactions without consideration in Schedule I, and items classified under Schedule II; Schedule III lists activities that are neither goods nor services. The provision addresses valuation, non monetary consideration, third party payment, advances and deposits, treatment of subsidies, and requires supply to be in the course or furtherance of business. The article highlights Schedule I taxable inter company and principal agent transactions and questions exclusion of sale of building from Schedule III. en-us Sat, 15 Jul 2017 15:25:39 +0530 Sat, 15 Jul 2017 15:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7507 Section 7 defines the scope of supply under GST expansively: supply includes various forms of transfer for consideration, importation of services for consideration, specified transactions without consideration in Schedule I, and items classified under Schedule II; Schedule III lists activities that are neither goods nor services. The provision addresses valuation, non monetary consideration, third party payment, advances and deposits, treatment of subsidies, and requires supply to be in the course or furtherance of business. The article highlights Schedule I taxable inter company and principal agent transactions and questions exclusion of sale of building from Schedule III. Articles Goods and Services Tax - GST Sat, 15 Jul 2017 15:25:39 +0530 https://www.taxtmi.com/article/detailed?id=7507