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TMI BlogSupply Includes Without Consideration - Para 2 of Schedule I Read with Section 7(1)(c)X X X X Extracts X X X X X X X X Extracts X X X X ..... to the CGST Act contain the certain activities or transaction specified in, made or agreed to be made without a consideration, have also been include in the definition of Supply . Para 2 . Supply of goods or services or both between related persons or distinct persons as specified in section 25, when made in the course of furtherance of business. Supply of goods or services or both between related ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India. Services supplied by an establishment of a person in India to any establishment of that person outside India, which are treated as establishments of distinct persons is exempt, if the place of supply of the service is outside India in accordance with section 13 of IGST Act, 2017. Maintaining liaison office/branch office in India is not supply of service. Inter-state supply of craft engi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rupees in value in a financial year by an employer to an employee shall not be treated as supply of goods 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 su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng certain sections of trade and industry, such as, pharmaceutical companies which often provide drug samples to their stockists, dealers, medical practitioners, etc. without charging any consideration. It is clarified in Circular No. 92/11/2019-GST Dated 07th March, 2019, Free samples and gifts to unrelated person will not be subject to GST but input tax credit will have to be reversed. to relate ..... X X X X Extracts X X X X X X X X Extracts X X X X
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