alleryStart learning →Under section 7(1)(a), a lease made for consideration in the course of business is what?
AAn exempt activity
BA taxable supply
CA deemed export
DA non-taxable event
Answer & Solution
Correct answer: B. A taxable supply
Section 7(1)(a) includes sale, transfer, barter, exchange, licence, rental, lease or disposal for consideration in business as supply.
Keep practising Levy and Collection of Tax
Browse all Levy and Collection of Tax questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A travel ticket includes meals and insurance. Which is the principal supply?Which rate governs the tax on a mixed supply?A composite supply is taxed according to which supply?Supply of goods is inter-State when supplier location and place of supply are where?Which supply is deemed an inter-State supply?Supplies between a person's several registrations are supplies between whom?Who is a taxable person for the purpose of supply under GST?Employer gifts to an employee are not supply up to what value in a financial year?