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TMI Blogrule 32 (7) pls explainX X X X Extracts X X X X X X X X Extracts X X X X ..... rule 32 (7) pls explain X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices provided by such class of service providers as may be notified by the Government, on the recommendations of the Council, as referred to in paragraph 2 of Schedule I of the said Act between dist ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inct persons as referred to in section 25, where input tax credit is available, shall be deemed to be NIL. Sir PLs explain this.''where input tax credit is available, shall be deemed to be N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IL.'' Reply By MARIAPPAN GOVINDARAJAN: The Reply: Schedule I give the list of activities that are to be treated as supply even if made without consideration. Para 2 of the Schedule provides ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that supply of goods or services or both between related person or between distinct persons as specified in section 25, when made in the course or furtherance of business will be a supply even if it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is made without consideration. Rule 32(7) provides that the above said services provided by service providers as notified by the Central Government on the recommendations of the Council the value of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxable services shall be treated as NIL, even input tax credit is available. X X X X Extracts X X X X X X X X Extracts X X X X
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