Should loss of inventory during transportation or otherwise, be considered as "Supply" under Schedule I ( Supply without consideration)?
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 03 January 2018
| Originally posted by : Shridhar | ||
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Should loss of inventory during transportation or otherwise, be considered as "Supply" under Schedule I ( Supply without consideration)? |  |
It is not considered supply as per schedule I .
Section 7 not applicalbe in this case
Loss of Inventory Input should be blocked
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 03 January 2018
For Understanding see attached diagram
CAclubindia
