TaxTMI 
TaxTMI 
TaxTMI 
supply without consideration
X X X X Extracts X X X X
X X X X Extracts X X X X
....upply without consideration<br> Query (Issue) Started By: - Madhavan iyengar Dated:- 24-2-2019 Last Reply Date:- 24-2-2019 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>After cgst amendment ac....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t 2018 wherein sec 7 clause (d) is deleted effective from 01/07/2017 query now any supply made with out consideration will it be liable to gst ( other than exceptions like import of services and tran....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sactions between related parties and items specified in schedule I without consideration) Reply By Rajagopalan Ranganathan: The Reply: Sir, Clause (d) of Section 7 (1) of CGST Act, 2017 has been de....
X X X X Extracts X X X X
X X X X Extracts X X X X
....leted retrospectively and new sub-section 1A has been inserted retrospectively. Therefore only activities mentioned in Schedule of CGST Act which are made or agreed to be made without consideration wi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ll b e treated as supply under CGST Act.. Sub-section (1A) specify supply of goods can be treated as supply of service or supply of service can be treated as supply of goods. Therefore any supply made....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... without consideration as mentioned in Schedule I alone will be treated as taxable supply. Other supplies without consideration will not be treated as taxable supply.<br> Discussion Forum - Knowledge ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Sharing ....