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Please describe how the CGST defines the "suppl...

Please describe how the CGST defines the "supply" of goods and services?

Please describe how the CGST defines the "supply" of goods and services?

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Chiranjibi Jun. 20, 2018

These are considered ass supply of goods`or services or both by the CGST act.

(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of a business;

(b) import of services for a consideration of whether or not in the course or furtherance of the business;

(c) the activities specified in Schedule I, made or agreed to be made without a consideration; and

(d) the activities to be treated as a supply of goods or supply of services as referred to in Schedule II


It is also important to note that activities or transactions specified in Schedule III of the act, don't constitute the supply of goods and services.

Please describe how the CGST defines the "supply" of goods and services?

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