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GST supply under GST

12 August 2020

Mr jege find a notice to you in return they find out of hundred back to Mr J does this qualify service definition as per GST law does it includes in the meaning of of use and conversion of money

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5 Replies

annu Goyal (1102 Points)
Replied 12 August 2020

Please elaborate your query more

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Yami Soni (145 Points)
Replied 12 August 2020

Mr ji give a note 2mr ke who who in returned gave notes 5 notes of hundred back to Mr J

annu Goyal (1102 Points)
Replied 12 August 2020

Whether your questions is in Exchange of R's. 500 second person give him 5 notes of RS 100

Yami Soni (145 Points)
Replied 12 August 2020

Yes yes

annu Goyal (1102 Points)
Replied 12 August 2020

Then it does not means use of money or conversion of money.... it's simply money transaction and on mere transaction in money is not considered as supply as it exclude from definition of goods/service.
conversion of money means exchange ruppes in foreign currency or vice versa