Question 2 - What is the meaning of ‘Supply’? - FAQ on GST dated 21.9.2016 based on Draft Model GST

Q 2. What is the meaning of Supply ? Ans. The term supply is wide in its import and includes all forms of supply of goods and / or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. It also includes import of service. The model GST law also provides for including certain transactions made without consideration within the scope of supply.