Goods and services tax
Yami Soni (145 Points)
12 August 2020
how how licences are included in supply please explain with example
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 12 August 2020
As per Section 7 of CGST Act “supply” includes––
(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;
So, it's specifically included in defination of Supply by act itself.
(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;
So, it's specifically included in defination of Supply by act itself.
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