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Goods and services tax
how how licences are included in supply please explain with example
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As per Section 7 of CGST Act “supply” includes––
(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business;
So, it's specifically included in defination of Supply by act itself.
(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business;
So, it's specifically included in defination of Supply by act itself.
As per sec 7,it includes in form of supply.
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