{"id":1974,"date":"2017-06-10T09:32:00","date_gmt":"2017-06-10T09:32:00","guid":{"rendered":"http:\/\/www.hostbooks.com\/in\/?p=321"},"modified":"2018-08-08T14:44:47","modified_gmt":"2018-08-08T09:14:47","slug":"section-3-meaning-and-scope-of-supply-preliminary","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/gst-act\/section-3-meaning-and-scope-of-supply-preliminary\/","title":{"rendered":"Section 3 : Meaning and scope of supply &#8211; Preliminary"},"content":{"rendered":"<p><strong>3. Meaning and scope of supply<\/strong><\/p>\n<p>(1) Supply includes\u2014<br \/>\n(a) all forms of supply of goods and\/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business,<br \/>\n(b) importation of services, for a consideration whether or not in the course or furtherance of business, and<br \/>\n(c) a supply specified in Schedule I, made or agreed to be made without a consideration.<\/p>\n<p>(2) Schedule II, in respect of matters mentioned therein, shall apply for determining what is, or is to be treated as a supply of goods or a supply of services.<\/p>\n<p>(3) Notwithstanding anything contained in sub-section (1),<br \/>\n(a) activities or transactions specified in schedule III; or<br \/>\n(b) activities or transactions undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities as specified in Schedule IV, shall be treated neither as a supply of goods nor a supply of services.<\/p>\n<p>(4) Subject to sub-section (2) and sub-section (3), the Central or a State Government may, upon recommendation of the Council, specify, by notification, the transactions that are to be treated as\u2014<br \/>\n(a) a supply of goods and not as a supply of services; or<br \/>\n(b) a supply of services and not as a supply of goods; or<br \/>\n(c) neither a supply of goods nor a supply of services.<\/p>\n<p>(5) The tax liability on a composite or a mixed supply shall be determined in the following manner \u2014<br \/>\n(a) a composite supply comprising two or more supplies, one of which is a principal supply, shall be treated as a supply of such principal supply;<br \/>\n(b) a mixed supply comprising two or more supplies shall be treated as supply of that particular supply which attracts the highest rate of tax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>3. Meaning and scope of supply (1) Supply includes\u2014 (a) all forms of supply of<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":1130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/1974"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=1974"}],"version-history":[{"count":1,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/1974\/revisions"}],"predecessor-version":[{"id":6827,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/1974\/revisions\/6827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media\/1130"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=1974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=1974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=1974"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=1974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}