Activities or Transaction Excluded from Supply - Para 7 of Schedule III [Read with Section 7(2)] - GST Ready Reckoner - GST

Activities or Transaction which shall be treated neither as supply of goods nor as supply of services - Schedule III As per Section 7(2) , There are exception of supply, Schedule III to the CGST Act, 2017 provides the Activities or transaction which shall be treated as neither supply of goods nor supply of services. (In other words, exclude from the supply for the purposes of GST) Para 7. Supply of goods from a place in the non-taxable territory to another place in the non-taxable territory without such goods entering into India. Import of Goods have been defined u/s 2(10) of IGST Act 2017 as bringing goods to India from a place outside India. Goods imported into India are subject to IGST and IGST levied on the value of goods determined of said goods as per sec. 12 of Customs Act 1962. [ proviso to section 5(1) of IGST Act 2017 ] Where the goods, after moving from non-taxable territory, have moved to other non-taxable territory without entering into India, it shall not be deemed as supply of goods under GST Act.