Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India
9. Term Provision to be included in Definition of Supply
Section 7(1) of CGST Act, 2017 provides that the expression “supply” includes––
(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange,licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business;
Issue
There are various terms given under clause (a) as example which constitutes supply. However, the term “Provision of service” is not included here, which has been used at various places in the CGST Act.
Suggestion
It is suggested that the term “provision” be included in the scope of supply.
Read ICAI Suggestions on GST Act to Govt : July 2017
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