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?
\nAns. In order to constitute a 'supply', the following elements are required to be satisfied, i.e.-
\n (i) supply of goods and \/ or services;
\n (ii) supply is for a consideration;
\n (iii) supply is made in the course or furtherance of business;
\n (iv)<\/p>\n
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