Activities to be Treated as Supply of Services

Supply-of-Services

Schedule II of the Central Goods & Services Tax Act, 2017 lists activities which are to be treated as supply of goods and supply of services. In this regard, activities which form part of supply of services are discussed below.

Form of supply Description
Transfer Any lease, tenancy, easement, licence to occupy land
Land and Building Any lease, tenancy, easement, licence to occupy land
Any lease or letting out of the building including a commercial, industrial or residential complex for business or commerce, either wholly or partly
Treatment or process Any treatment or process which is applied to another person’s goods
Transfer of business assets Where, by or under the direction of a person carrying on a business, goods held or used for the purpose of business are put for any private use or made available to any person for any use other than for the purpose of business, at the direction of the person carrying on the business, whether or not for a consideration.
Immovable property Renting of immovable property
Construction or Sale Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier
Intellectual Property rights Temporary transfer or permitting the use or enjoyment of any intellectual property right
Information technology software Development, design, programming, customization, adaptation, upgradation, enhancement, implementation of information technology software
Action Agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act
Rights to use goods Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration
Composite Supplies (1) Works Contract as defined under Section 2(119)                                           (2) Supply of goods as a part of any service or in any manner, being food of any other article, for human consumption and daily drink, where such supply or service is for cash, differed payment or other valuable consideration. 

Disclaimer – the above article is based on our own internal information and sources. The above informations would not be applicable unless and until a related Government notification is issued in this regard. Please take expert opinion before relying on any of the information. 

Share Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *