Supply Includes Without Consideration - Para 2 of Schedule I Read with Section 7(1)(c)

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..... e course of furtherance of business. * Supply of goods or services or both between related person when made in the course of furtherance of business will be subject to GST, even if there is no consideration. * Supply of goods or services or both between distinct persons when made in the course of furtherance of business will be subject to GST, even if there is no consideration. * Inter- state stock transfer or branch will be subject to GST, even intra- state stock transfer or branch transfer will be subject to GST if there are separate GST registration. * Supply of services by HO or one branch /division to another will be subject to GST if there are separate registrations. * Leasing equipment to own branch having differe .....

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..... k for 10 days, it will considered as supply of manpower services from Delhi office to Gurugram Office. Important Notification & Clarification  * Clarification regarding whether the activity of providing loans by an overseas affiliate to its Indian affiliate or by a person to a related person, where there is no consideration in the nature of processing fee/ administrative charges/ loan granting charges etc., and the consideration is represented only by way of interest or discount, will be treated as a taxable supply of service under GST or not. [ Circular No. 218/12/2024-GST dated 26.06.2024 ] * Clarification regarding several promotional schemes which are offered by taxable persons to increase sales volume and .....

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..... s or services or both. The gifts given by employers to employees are liable to GST if the value of the gift exceeds Rs. 50,000. * It may noted that when goods are disposed of by way of gift, however, reversal of input credit will required as per u/s 17(5). The employer is required to track the supply without consideration for each employee since the limit is for an employee during the financial year. * However, if any amount recovered from the employee, it will be subject to GST and value will be determined as per section 15 of CGST Act. Example, a computer of INR 1,00,000/- is given to the employee for INR 20,000/-, then value of supply shall be INR 1,00,000/- (i.e. INR 80,000/- without consideratio .....

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