What do you mean by “supply made in the course or furtherance of business”?

Question 9 – Draft-Bills-Reports – Meaning and Scope of Supply – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 9 – Q 9. What do you mean by supply made in the course or furtherance of business ? Ans. No definition or test as to whether the activity is in the course or furtherance of business has been specified under the MGL. However, the following business test is normally applied to arrive at a conclusion whether a supply has been made in the course or furtherance of business:

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =