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CMA Intermediate · Direct and Indirect Taxation · Concept of Supply including Composite and Mixed Supplies

Which of the following is covered within the scope of 'supply' under the CGST Act, 2017 when made for a consideration in the course or furtherance of business?

The scope of supply covers sale, transfer, barter, exchange, licence, rental, lease or disposal of goods or services, when made for consideration in the course or furtherance of business. It is not limited to sales of goods or to services alone.

  1. AOnly sale of goods
  2. BOnly rendering of services
  3. COnly import of goods
  4. DSale, transfer, barter, exchange, licence, rental, lease or disposalCorrect

Explanation

Supply includes all forms of supply of goods or services such as sale, transfer, barter, exchange, licence, rental, lease or disposal made for consideration in the course or furtherance of business. It is therefore not restricted to sales of goods or to services alone.

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