SCHEDULE I of Goods and Services Act, 2017

According to SCHEDULE I [Section 7] of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha

ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION

1. Permanent transfer or disposal of business assets where input tax credit has been
   availed on such assets.
2. Supply of goods or services or both between related persons or between distinct
   persons as specified in section 25, when made in the course or furtherance of business:
   Provided that gifts not exceeding fifty thousand rupees in value in a financial year by
   an employer to an employee shall not be treated as supply of goods or services or both.
3. Supply of goods—
   1. by a principal to his agent where the agent undertakes to supply such goods
      on behalf of the principal; or
   2. by an agent to his principal where the agent undertakes to receive such
      goods on behalf of the principal.
4. Import of services by a taxable person from a related person or from any of his other
   establishments outside India, in the course or furtherance of business.