Supple u/s 7
harshit mehta (88 Points)
12 December 2020
Import of services from o/s india for consideration in the course or furtherance of business is supply under #7(1)(a) or #7(1)(b) ?
2 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 12 December 2020
As per the section 7 (1)(b) of cgst act
Shivam RC
(Student)
(23683 Points)
Replied 13 December 2020
As per the Provision of Section 7(1) clause (b) of the CGST Act 2017, "Import of Services for a consideration, whether or not in the course or furtherance of business" is treated as SUPPLY.
So the main parameter to consider Import of Services as SUPPLY U/s 7(1) clause (b) is the existence of "CONSIDERATION."
So the main parameter to consider Import of Services as SUPPLY U/s 7(1) clause (b) is the existence of "CONSIDERATION."
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
