whether gat is charged on amount transferred to clinical laboratory standards Institute from our EEFC
A/C
Dear Jayasheelji,
If your question whether the GST is charged on amount transferred to clinical laboratory standards Institute from our EEFC A/C.
whether its in nature of infurtherence of business activity either Purchase or sale
In GST Business is wider concept as defined under Sec.2 (17)of CGST ACT 2017
(17) “business” includes––
- any trade, commerce, manufacture, profession, vocation, adventure, wager or any other similar activity, whether or not it is for a pecuniary benefit;
- any activity or transaction in connection with or incidental or ancillary to sub-clause (a);
- any activity or transaction in the nature of sub-clause (a), whether or not there is volume, frequency, continuity or regularity of such transaction;
- supply or acquisition of goods including capital goods and services in connection with commencement or closure of business;
- provision by a club, association, society, or any such body (for a subscripttion or any other consideration) of the facilities or benefits to its members;
- admission, for a consideration, of persons to any premises;
- services supplied by a person as the holder of an office which has been accepted by him in the course or furtherance of his trade, profession or vocation;
- services provided by a race club by way of totalisator or a licence to book maker in such club ; and
- any activity or transaction undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities;
regards,
Bhavya
CAclubindia
