which of the following is not deemed as supply under gst?
1.barter arrangements
2.import of services
3.transfer of title of assets
4. none of these
8 Replies
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 05 August 2019
But Sir,
Sec 7(b) of CGST Act - Supply includes
import of services for a consideration whether or not in the course or furtherance of business;
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 August 2019
without consideration import as per schedule 1 is supply only when it's between Related or Distinct persons , but when it's between Unrelated person it's not an supply.
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 06 August 2019
But even the other options given do not seem to be Schedule I items ??? (Barter arrangements etc.)
The query is related to deemed supply or supply..??
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 August 2019
It's depend Upton whether to above mentioned condition to be treated as deemed supply or not ,. Ie Transfer of Title of Asset as without consideration taxable only when credit is available . But if transfer of title of Asset with consideration even if the credit is not availed is Taxable supply.
now let suppose if car purchase by con for to and fro travel of their employees, .become obsolete, is donated , FOC, since no input was claimed as per 17(5) , GST is not leviable , it's not an supply.
If a person downloading the songs from internet will cover under import
Hence I mean to say that , every transfer of title iof Asset ,every import Services cannot be considered as supply , it's depend upon the Nature of Transaction
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 August 2019
*downloading song from Internet is NOT SUPPLY
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 August 2019
*downloading song from Internet is NOT SUPPLY
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