What are the necessary elements that constitute supply under MGL?
Question 4
Bill
Meaning and Scope of Supply
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 4. What are the necessary elements that constitute supply under MGL?
Ans. In order to constitute a 'supply', the following elements are required to be satisfied, i.e.-
(i) supply of goods and / or services;
(ii) supply is for a consideration;
(iii) supply is made in the course or furtherance of business;
(iv)
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