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Which Schedule of the CGST Act lists activities to be treated as supply even if made WITHOUT consideration?

ASchedule III
BSchedule II
CSchedule I
DSchedule IV
Answer & Solution
Correct answer: C. Schedule I
1. Schedule I lists four activities deemed supply without consideration. 2. It includes permanent transfer of business assets where ITC has been availed and supplies between related/distinct persons in furtherance of business. 3. Schedule II classifies items as goods vs services; Schedule III lists items neither goods nor services. _Source: ICAI BoS CA Final Paper 8, Ch 3 "Levy and Collection of Tax", §Sched I_
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