Activities to be treated as supply of goods or supply of services- Schedule II of Central Goods and Services Act 2017
1.Transfer
a) any transfer of the title in goods is a supply of goods;
b) any transfer of right in goods or of undivided share in goods without the transfer of title thereof, is a supply of services;
c) any transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed, is a supply of goods.
2. Land and Building
a) any lease, tenancy, easement, licence to occupy land is a supply of services;
b) any lease or letting out of the building including a commercial, industrial or residential complex for business or commerce, either wholly or partly, is a supply of services.
3. Treatment or process
Any treatment or process which is applied to another person's goods is a supply of services.
4. Transfer of business assets
a) where goods forming part of the assets of a business are transferred or disposed of by or under the directions of the person carrying on the business so as no longer to form part of those assets, whether or not for a consideration, such transfer or disposal is a supply of goods by the person;
b) where, by or under the direction of a person carrying on a business, goods held or used for the purposes of the business are put to any private use or are used, or made available to any person for use, for any purpose other than a purpose of the business, whether or not for a consideration, the usage or making available of such goods is a supply of services;
c) where any person ceases to be a taxable person, any goods forming part of the assets of any business carried on by him shall be deemed to be supplied by him in the course or furtherance of his business immediately before he ceases to be a taxable person, unless-
(i) the business is transferred as a going concern to another person; or
(ii) the business is carried on by a personal representative who is deemed to be a taxable person
5. Supply of services
The following shall be treated as supply of services, namely:-
a) renting of immovable property;
b) construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.
c) temporary transfer or permitting the use or enjoyment of any intellectual property right;
d) development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software;
e) agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act; and
f) transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration.
6. Composite supply
The following composite supplies shall be treated as a supply of services, namely:-
a) works contract as defined in clause (119) of section 2; and
b) supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration.
7. Supply of Goods
The following shall be treated as supply of goods, namely:-
Supply of goods by any unincorporated association or body of persons to a member thereof for cash, deferred payment or other valuable consideration.
For More Videos Watch
SCHEDULE 1 OF GST / SUPPLY SECTION 7 • SCHEDULE-1 UNDER GST/ SUPPLY DEFINITION SI...
Scope of Supply (Section-7) • Supply Under GST/ Section- 7/English/Tax-o...
Major changes in E-WAY Bill • MAJOR CHANGES IN E-WAY BILL SYSTEM/TAX-ON-...
Major changes in GSTR-9 AND GSTR-9C • Major Changes in Annual Return - GST Notif...
New refund procedure Simplified 26th september 2019 • GST REFUND PROCEDURE SIMPLIFIED/ RELIEF TO...
20 % rule of GST • GST 20 percent Rule - English - Khushbu Mi...
20 % rule of GST(ENGLISH) • GST 20 percent Rule - English - Khushbu Mi...
Clarification on GSTR-9 and GSTR-9A • CLARIFICATION REGARDING GSTR-9 AND GSTR-9A
GST on Salary • GST on Salary
Clarification of GST rate on Job Work • Clarification of GST rate on Job Work/ TAX...
Информация по комментариям в разработке