activities specified in schedule 1st

GST  Law SCHEDULE I

MATTERS TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT

CONSIDERATION

[IN TERMS OF CLAUSE (c) OF SUBSECTION (1) OF SECTION 3]

1. Permanent transfer/disposal of business assets where input tax credit has been

availed on such assets.

2. Supply of goods or services between related persons, or between distinct

persons as specified in section 10, when made in the course or furtherance of

business.

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. Importation of services by a taxable person from a related person or from any of

his other establishments outside India, in the course or furtherance of business.