LEVY AND COLLECTION OF TAX
(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 business;
(b) import of services for a consideration whether or not in the course or furtherance of business and 4
6(1A) where certain activities or transactions, constitute a supply in accordance with the provisions of sub-section (1), they shall be treated either as supply of goods or supply of services as referred to in Schedule II.7
(2) Notwithstanding anything contained in sub-section (1),––
(a) activities or transactions specified in Schedule III; or
(b) such activities or transactions undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities, as may be notified by the Government on the recommendations of the Council, shall be treated neither as a supply of goods nor a supply of services.
(3) Subject to the provisions of sub-sections (1), (1A)8 and (2), the Government may, on the recommendations of the Council, specify, by notification, the transactions that are to be treated as—
(a) a supply of goods and not as a supply of services; or9
(b) a supply of services and not as a supply of goods.
Enforced with effect from 01-Jul-2017 ↩
Refer CGST Circular 1/2017 dated 07-Jul-2017, CGST Circular 21/2017 dated 22-Nov-2017, CGST Circular 57/2018 dated 04-Sep-2018, CGST Circular 73/2018 dated 05-Nov-2018, CGST Circular 80/2018 dated 31-Dec-2018, CGST Circular 121/2019 dated 11-Oct-2019. ↩