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TMI BlogSupply in the Course or Furtherance of BusinessX X X X Extracts X X X X X X X X Extracts X X X X ..... or acquisition of goods including capital goods and services in connection with commencement or closure of business; (e) provision by a club, association, society, or any such body (for a subscription or any other consideration) of the facilities or benefits to its members; (f) admission, for a consideration, of persons to any premises; (g) services supplied by a person as the holder of an office which has been accepted by him in the course or furtherance of his trade, profession or vocation; (h) activities of a race club including by way of totalisator or a license to book maker or activities of a licensed book maker in such club; and (i) any activity or transaction undertaken by the Central Government, a State Government or any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... laimed on input, input services & capital goods subject to such restrictions specified under the law. Inputs, input services and capital goods are defined under the GST Act, 2017 * "Input services" is defined under section 2(60) of the CGST Act, 2017 which means any service used or intended to be used by a supplier in the course or furtherance of business. * However, there is one exception to this 'in the Course or Furtherance of Business' rule i.e., Import of services by a person from a related person (wholly or mainly dependent on him) or from any of his other establishments outside India, in the course or furtherance of business. * GST is essentially tax only on commercial transactions. Hence only those supplies that are in the cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Sale of goods or service even as a vocation is a supply under GST. * It already has been clarified that * sale of old gold jewellery by an individual to a jeweler will not constitute supply as the same cannot be said to be in the course of furtherance of business of the individual. * Sale of car for personal use by individual not a supply in course of furtherance of business. * Prasadam supplied by religious place like temple, gurdwara, etc. not a supply in course of furtherance of business. Examples to understand Supplies made in the course and furtherance of business * Supply of goods to an orphanage by any manufacturing company for free distribution to meet its CSR obligations will not get covered as a taxable as it is witho ..... X X X X Extracts X X X X X X X X Extracts X X X X
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