TaxTMI 
TaxTMI 
Activities or Transactions
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....ctivities or Transactions<br> Query (Issue) Started By: - VENU K Dated:- 14-1-2025 Last Reply Date:- 15-1-2025 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>What is the meaning of ACTIVITY a....
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....nd TRANSACTION as used in CGST Act Sec 7 Sec 7(1)(aa) talks about Activities or Transactions Sec 7(1)(c) Talks about Activities specified in Schedule I. Sec 7(I)(A) again talks about Activities or ....
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....Transactions and has a cross references to Schedule II. Interestingly Schedule II initially had a heading Activities to be treated as supply of goods or supply of services. But later Goods and Service....
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....s Tax amendment Act 2018 retrospectively amended this w.e.f 1.07.2017 and included the word OR TRANSACTIONS. Sec 7(2)(a) again talks about activities or transactions specified in Schedule III. Sec 7....
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.... (3) gives power to central Government to specify certain ACTIVITIES only either as a supply of goods or as a supply of services. Understanding this is a must because a word AND and another word OR u....
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....sed in law made a lot of difference as we learned in Safary Retreats. Reply By Shilpi Jain: The Reply: Finally in these kind of situations, even if these kind of references make a difference and the....
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.... taxpayer is able to get a favaourable order from the SC, there will be an amendment in the law retrospectively to bring out what the CBIC thinks is the legislative intent of the legislature!! Reply ....
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....By Ganeshan Kalyani: The Reply: Interesting point, Sir.<br> Discussion Forum - Knowledge Sharing ....