No GST on Free Services provided by Banks or any other person : CBIC clarify
Are services supplied without consideration to a recipient other than ‘related party’ / ‘distinct person’ taxable? Section 7 of the CGST Act, 2017 read with Schedule I thereto provides that services supplied without consideration to related persons or distinct persons only would qualify as ‘supply’. Also import of services by bank from a related person or… Read More »