Q 2 | Guest lectures whether supply | Whether re-imbursement of expenses part of taxable value | Practical GST FAQ issued by ICAI

♥♥TELEGRAM CHANNEL LINK♥♥ I am practitioner (CA, CMA, CS, Lawyers, Accountants): https://t.me/taxbykk I am CA final student: https://t.me/cafinalgstkk I am CA inter student: https://t.me/cainterkk I am CMA inter student: https://t.me/cmainterkk I am CMA final student: https://t.me/cmafinalbykk I am CS Exe student: https://t.me/csexekk I am CS Profs student: https://t.me/csprofkk I am Law student: https://t.me/taxlawbykk ♥♥OUR STORE LINK♥♥ www.taxbykk.com ♥♥WHAT'S APP LINK♥♥ https://wa.me/919999227381 QUESTION (a) Would the act of Practicing Chartered Accountant who delivers guest lectures at various Institutes or organizations fall under the scope of supply? Yes (b) If yes, would any sum received as honorarium and reimbursement of local transport expenses at fixed rate will also have to be added as "consideration"? ANSWER (a) Delivering guest lectures by Practicing Chartered Accountant at various Institutes or organizations for a consideration (contractual basis) falls under the scope of supply under section 7(1) (a) of the CGST Act. (b) As per section 2(31) of the CGST Act, consideration includes any payment made or to be made, whether in money or otherwise or the monetary value of any act or forbearance in respect of, in response to, or for the inducement of, the supply of goods or services or both, whether by the recipient or by any other person. The sums received as honorarium and reimbursement of local transport expenses at a fixed rate shall be treated as consideration for supply under section 7(1) (a) of the CGST Act. ♥♥ABOUT CS K K AGRAWAL♥♥ GST Consultant | Trainer | Speaker | Faculty He is a company secretary and is a consultant, author, speaker, trainer and faculty of both Direct Tax and Indirect Tax having an experience of more than 20 years. He is a leading speaker on GST and has been speaking at various forums of ICAI and ICSI. He is an associate consultant (off-counsel) at ALA Legal which is the leading law firm of India where he is actively engaged in GST Strategy formulation, GST Implementation, GST Audit and advisory. He along with Puneet Agrawal has authored the book Sabka Vishwas published by Taxmann. He has also authored the book on income tax and GST. He has been speaker and trainer at various association all over India few of which are listed below. a. Sales Tax Bar Association, Delhi b. ICAI Guwahati c. ICAI, Jamshedpur d. ICAI, Dhandbad e. ICAI, Bokaro f. ICAI, Ranchi g. ICAI, Shivaji Marg, Delhi g. ICAI, Pusa Study Circle, Delhi h. ICAI, East Delhi, Delhi i. BVSS j. ICAI, Ashok Vihar, Delhi k. Paharganj Traders Association.