ABC asso.( India) took consultancy services from his head office (usa) .head office rendered services at free of cost to his ABC asso.
Is it supply ? yes or no ? reason.
12 Replies
Ayyappa
(Article student )
(227 Points)
Replied 18 February 2018
import of services by a taxable person from a related person or from any if his other establishments outsideindia ,in the course or furtherance of business.
Ayyappa
(Article student )
(227 Points)
Replied 18 February 2018
some activities treated as supply even if it is made without consideration
Dhiraj
(student)
(148 Points)
Replied 18 February 2018
but Sec 7(1)(b) says import of services are exempt
Heena mangtani
(Chartered Accountant)
(272 Points)
Replied 18 February 2018
7. (1) For the purposes of this Act, the expression “supply” includes––
(b) import of services for a consideration whether or not in the course or
furtherance of business;
(where it says that it is exempt?)
(b) import of services for a consideration whether or not in the course or
furtherance of business;
(where it says that it is exempt?)
Uday
(Article Assistant)
(411 Points)
Replied 18 February 2018
As per Schedule I & Sec 7(1)(c)(4)
Import of services by a taxable person from a related person or from any of his other establishments outside India In the course of or furtheranace of business is treated as supply even though No consideration is there
Import of services by a taxable person from a related person or from any of his other establishments outside India In the course of or furtheranace of business is treated as supply even though No consideration is there
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