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TMI Blogsupply without considerationX X X X Extracts X X X X X X X X Extracts X X X X ..... supply without consideration X X X X Extracts X X X X X X X X Extracts X X X X ..... ct 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 like import of services and tra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsactions between related parties and items specified in schedule I without consideration) Reply By Rajagopalan Ranganathan: The Reply: Sir, Clause (d) of Section 7 (1) of CGST Act, 2017 has been d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eleted retrospectively and new sub-section 1A has been inserted retrospectively. Therefore only activities mentioned in Schedule of CGST Act which are made or agreed to be made without consideration w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill 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 as supply of goods. Therefore any supply mad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e without consideration as mentioned in Schedule I alone will be treated as taxable supply. Other supplies without consideration will not be treated as taxable supply. X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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