Please explain
Difference between schedule I para (1) and Schedule II para (4) (a)....
Schedule II para (4) (a) Covers all situations then what is the need of Schedule I para (1)
Schedule I specifies the activities which are to be treated as supply. Schedule I answers the question "is permanent transfer of business assets whether or not for consideration a supply?"
Schedule II specifies the activities which are to be treated as supply of goods or services. Schedule II answers the question "Permanent transfer of business assets whether or not for consideration is supply of goods or services?"
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