CA Shiwali Dagar
Quick Summary
As per schedule III of the CGST Act, read with Section 7(2), the following matters will not be treated as supply of goods or services. Schedule III [Section 7] of CGST Act Activities or transactions that shall be treated neither as the supply of goods nor a supply of services. 1. Services by an
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Schedule III of the CGST Act lists activities and transactions that are treated neither as the supply of goods nor as the supply of services, meaning they are exempt from GST.
No, services provided by an employee to their employer in the course of or in relation to their employment are not considered a supply of goods or services and are therefore exempt from GST.
Yes, the sale of land is exempt from GST. The sale of a building is also exempt, subject to certain conditions outlined in paragraph 5(b) of Schedule II, which pertains to the sale of flats after completion or occupation.
Actionable claims such as betting, casinos, gambling, horse racing, lottery, and online money gaming are subject to GST. Other actionable claims are not treated as supply.
Yes, the supply of goods from a place in a non-taxable territory to another place in a non-taxable territory, without the goods entering India, is not treated as a supply and is therefore exempt from GST.
CAclubindia
