can any one tell me is following transaction is supply Import of Good without concideration and not for business pupose is a suppy ? if yes then is it taxable supply or Exempt Suppy or any other?
Replies (8)
Quick Summary
This discussion explores whether importing goods without consideration and not for business purposes qualifies as a supply under GST. The consensus suggests that for an import to be considered a supply, it must either be for consideration or conducted in the course of business. Therefore, such imports are generally not considered taxable supplies.