SCHEDULE I of CGST Act,2017

Schedule I of CGST Act,2017 from bare act :

SCHEDULE I

[See section 7]

ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION

1. Permanent transfer or disposal of business assets where input tax credit has beenavailed on such assets.
2. Supply of goods or services or both between related persons or between distinctpersons as specified in section 25, when made in the course or furtherance of business:
Provided that gifts not exceeding fifty thousand rupees in value in a financial year byan employer to an employee shall not be treated as supply of goods or services or both.
3. Supply of goods

(a) by a principal to his agent where the agent undertakes to supply such goodson behalf of the principal; or

(b) by an agent to his principal where the agent undertakes to receive suchgoods on behalf of the principal.

4. Import of services by a taxable person from a related person or from any of his otherestablishments outside India, in the course or furtherance of business.