Supply Includes Without Consideration - Para 2 of Schedule I Read with Section 7(1)(c)

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.... course of furtherance of business. * Supply of goods or services or both between related person when made in the course of furtherance of business will be subject to GST, even if there is no consideration. * Supply of goods or services or both between distinct persons when made in the course of furtherance of business will be subject to GST, even if there is no consideration. * Inter- state stock transfer or branch will be subject to GST, even intra- state stock transfer or branch transfer will be subject to GST if there are separate GST registration. * Supply of services by HO or one branch /division to another will be subject to GST if there are separate registrations. * Leasing equipment to own branch having differen....

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.... for 10 days, it will considered as supply of manpower services from Delhi office to Gurugram Office. Important Notification & Clarification  * Clarification regarding whether the activity of providing loans by an overseas affiliate to its Indian affiliate or by a person to a related person, where there is no consideration in the nature of processing fee/ administrative charges/ loan granting charges etc., and the consideration is represented only by way of interest or discount, will be treated as a taxable supply of service under GST or not. [ Circular No. 218/12/2024-GST dated 26.06.2024 ] * Clarification regarding several promotional schemes which are offered by taxable persons to increase sales volume and t....