https://www.taxtmi.com/forum/issue?id=115545 Whether receipts constitute a supply under GST is governed by Section 7's inclusive definition and Schedules I and II: leases/letting are services while sale of land/buildings is excluded from supply under Schedule II; securities are not goods or services so share sales do not attract GST; agricultural produce is exempt under the relevant tax notification. Applying these rules, transactions like sale of shares, gifts, insurance maturity proceeds, sale or gift of land and buildings are treated as non supply or outside GST, while property leasing is a taxable service. en-us Fri, 18 Oct 2019 18:47:31 +0530 Thu, 23 Jan 2025 15:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115545 Whether receipts constitute a supply under GST is governed by Section 7's inclusive definition and Schedules I and II: leases/letting are services while sale of land/buildings is excluded from supply under Schedule II; securities are not goods or services so share sales do not attract GST; agricultural produce is exempt under the relevant tax notification. Applying these rules, transactions like sale of shares, gifts, insurance maturity proceeds, sale or gift of land and buildings are treated as non supply or outside GST, while property leasing is a taxable service. Discussion-Forum GST Fri, 18 Oct 2019 18:47:31 +0530 https://www.taxtmi.com/forum/issue?id=115545