TMI Blogsupply without considerationX X X X Extracts X X X X X X X X Extracts X X X X ..... After cgst amendment act 2018 wherein sec 7 clause (d) is deleted effective from 01/07/2017 query now any supply made with out consideration will it be liable to gst ( other than exceptions lik ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e import of services and transactions between related parties and items specified in schedule I without consideration) - Reply By Rajagopalan Ranganathan - The Reply = Sir, Clause (d) of Sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 7 (1) of CGST Act, 2017 has been deleted retrospectively and new sub-section 1A has been inserted retrospectively. Therefore only activities mentioned in Schedule of CGST Act which are made or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agreed to be made without consideration will b e treated as supply under CGST Act .. Sub-section (1A) specify supply of goods can be treated as supply of service or supply of service can be treated a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s supply of goods. Therefore any supply made without consideration as mentioned in Schedule I alone will be treated as taxable supply. Other supplies without consideration will not be treated as tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able supply. - supply without consideration - Query Started By: - Madhavan iyengar Dated:- 24-2-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|