GST MCQ | GST No Supply | GST Training | CA classes

As per Schedule III of CGST Act 2017 there are certain transactions which are treated as NO SUPPLY. If a transaction is no supply there is no question of taxable or exempt supply.

Few examples are

a. Sale of land

b. Sale of building after completion of construction

c. High seas sales.

d. Bonded warehouse sale

e. Supply of services by employee to employer in the course of employment.

f. Court services

If a transaction is treated as NO SUPPLY then value of such transaction is not a part of aggregate turnover.