Import of services from a related person without consideration is supply when made how?
AFor personal use
BFor a charity
CIn a festival sale
DFor business use
Answer & Solution
Correct answer: D. For business use
Schedule I covers import of services by a taxable person from a related person or other establishment outside India in the course or furtherance of business.
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?