Section SCHEDULE II-ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES of CGST ACT, 2017<\/p>\n
1. Transfer
\n(a) any transfer of the title in goods is a supply of goods;
\n(b) any transfer of right in goods or of undivided share in goods without the
\ntransfer of title thereof, is a supply of services;
\n(c) any transfer of title in goods under an agreement which stipulates that property
\nin goods shall pass at a future date upon payment of full consideration as agreed, is a
\nsupply of goods.
\n2. Land and Building
\n(a) any lease, tenancy, easement, licence to occupy land is a supply of services;
\n(b) any lease or letting out of the building including a commercial, industrial or
\nresidential complex for business or commerce, either wholly or partly, is a supply of
\nservices.
\n3. Treatment or process Any treatment or process which is applied to another person’s goods is a supply of services.
\n4. Transfer of business assets
\n(a) where goods forming part of the assets of a business are transferred or
\ndisposed of by or under the directions of the person carrying on the business so as no
\nlonger to form part of those assets, whether or not for a consideration, such transfer or
\ndisposal is a supply of goods by the person;
\n(b) where, by or under the direction of a person carrying on a business, goods
\nheld or used for the purposes of the business are put to any private use or are used, or
\nmade available to any person for use, for any purpose other than a purpose of the
\nbusiness, whether or not for a consideration, the usage or making available of such
\ngoods is a supply of services;
\n(c) where any person ceases to be a taxable person, any goods forming part of
\nthe assets of any business carried on by him shall be deemed to be supplied by him in
\nthe course or furtherance of his business immediately before he ceases to be a taxable
\nperson, unless\u2014
\n(i) the business is transferred as a going concern to another person; or
\n(ii) the business is carried on by a personal representative who is deemed
\nto be a taxable person.
\n5. Supply of services
\nThe following shall be treated as supply of services, namely:\u2014
\n(a) renting of immovable property;
\n(b) construction of a complex, building, civil structure or a part thereof,
\nincluding a complex or building intended for sale to a buyer, wholly or partly,
\nexcept where the entire consideration has been received after issuance of completion
\ncertificate, where required, by the competent authority or after its first occupation,
\nwhichever is earlier.<\/p>\n
Explanation.\u2014For the purposes of this clause\u2014
\n(1) the expression “competent authority” means the Government or any authority authorised to issue completion certificate under any law for the time being in force and in case of non-requirement of such certificate from such authority, from any of the following, namely:\u2014
\n(i) an architect registered with the Council of Architecture constituted under the Architects Act, 1972; or
\n(ii) a chartered engineer registered with the Institution of Engineers (India); or
\n(iii) a licensed surveyor of the respective local body of the city or town or village or development or planning authority;
\n(2) the expression “construction” includes additions, alterations, replacements or remodelling of any existing civil structure;<\/p>\n
(c) temporary transfer or permitting the use or enjoyment of any intellectual property right;
\n(d) development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software;
\n(e) agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act; and
\n(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.<\/p>\n
6. Composite supply
\nThe following composite supplies shall be treated as a supply of services, namely:\u2014<\/p>\n
(a) works contract as defined in clause (119) of section 2; and
\n(b) supply, by way of or as part of any service or in any other manner whatsoever,
\nof goods, being food or any other article for human consumption or any drink (other
\nthan alcoholic liquor for human consumption), where such supply or service is for
\ncash, deferred payment or other valuable consideration.<\/p>\n
7. Supply of Goods
\nThe following shall be treated as supply of goods, namely:\u2014<\/p>\n
Supply of goods by any unincorporated association or body of persons to a member
\nthereof for cash, deferred payment or other valuable consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section SCHEDULE II-ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES of CGST 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 … Continue reading “Section SCHEDULE II-ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/485"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=485"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/485\/revisions"}],"predecessor-version":[{"id":486,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/485\/revisions\/486"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}