Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India
10. Removal of words “such as” as the definition of Supply is inclusive one.
Section 7(1)(a) of the CGST Act provides that Supply includes—(a) all forms of supply of goods or services or both 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,
Issue
In section 7(1)(a), the words ‘such as’ while listing the various forms of supply appears to be an
indicative list and due to this, various concerns arise. It appears to render ‘manufacture’ also to be liable to GST even if it is only in preparation of supply. Contracts signed without any goods or services being appropriated appears to attract GST.
Suggestion
It is suggested to remove words ‘such as’ and even after deletion supply does not become limited in any way as the definition is inclusive to take care of any extraneous situation.
Read ICAI Suggestions on GST Act to Govt : July 2017
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