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The Central Goods and Services Act, 2017 (CGST Act)

This is the current version of The Central Goods and Services Act 2017 (CGST Act 2017) and includes amendments introduced in The Central Goods and Services Tax (Amendment) Act. Click here for the original version of the Act.

SCHEDULE I

[See Section 7 of the CGST Act]

Activities to be treated as Supply even if made without consideration

1) Permanent transfer or disposal of business assets where input tax credit has been availed on such assets.

2) Supply of goods or services or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business:

Provided that gifts not exceeding fifty thousand 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.

3) Supply of goods—

(a) by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; or

(b) by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal.

4) Import of services by a person from a related person or from any of his other establishments outside India, in the course or furtherance of business.

This is the current version of The Central Goods and Services Act 2017 (CGST Act 2017) and includes amendments introduced in The Central Goods and Services Tax (Amendment) Act. Click here for the original version of the Act.