TMI BlogSupplyX X X X Extracts X X X X X X X X Extracts X X X X ..... y a person, other than an individual, to its members or constituents or vice-versa, for cash, deferred payment or other valuable consideration. ( w.e.f. 01 July 2017, N.No. 39 / 2021 Central Tax - 21.12.2021) import of services for a consideration whether or not in the course or furtherance of business. Supply Includes: - Schedule I to the CGST Act, 2017 contain the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Supply is done for a consideration Supply is done in course of furtherance of business If the aforementioned elements are not met with, it is not considered as a sale. Examples: Mr. A buys a table for Rs.10,000 for his personal use and sells it off after 10 months of use to a dealer. This is not considered as supply under CGST as this is not done by Mr A for the furtheranc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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