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GST supply under GST

Others 212 views 5 replies
Mr jege find a notice to you in return they find out of hundred back to Mr J does this qualify service definition as per GST law does it includes in the meaning of of use and conversion of money
Replies (5)
Please elaborate your query more
Mr ji give a note 2mr ke who who in returned gave notes 5 notes of hundred back to Mr J
Whether your questions is in Exchange of R's. 500 second person give him 5 notes of RS 100
Yes yes
Then it does not means use of money or conversion of money.... it's simply money transaction and on mere transaction in money is not considered as supply as it exclude from definition of goods/service.
conversion of money means exchange ruppes in foreign currency or vice versa


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