section 7(1)(c)
deemed supply
b) suppy between related person ordistinct person
definition of related person includes..
such person are e'er and e'ee
section 7 (2)
negative list
services by e'ee to e'er is not supply
..
what is the concept or conclusion. here?
| Originally posted by : Yami Soni | ||
 |
section 7(1)(c)deemed supplyb) suppy between related person ordistinct persondefinition of related person includes..such person are e'er and e'ee section 7 (2)negative listservices by e'ee to e'er is not supply ..what is the concept or conclusion. here? |  |
Under Section 7(1) (c) read with Schedule I
1- Supply between related persons or distinct persons
Here cover only Gift Value more than Rs. 50,000/- and no other case covered
Section 7(2) (a) read with Schedule III
2- Service by an employee to the employer in the course of or in relation to his employment
Here cover all monetary benefit and perquisite cover which is give to employee during the employement period.
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