Activities to be treated as supply even if made without consideration

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....r>SCHEDULE I [See section 7] Activities to be treated as supply even if made without consideration 1. Permanent transfer or disposal of business assets where input tax credit has been availed....

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....by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; or (b) by an agent to his principal where the agent undertakes to receive such goods on behal....