Daily GST Dose - Is GST applicable even if no consideration is paid? CA Chandrasekhar Kutty

Daily GST Dose - Day 12
Schedule 1 of the CGST Act 2017 lays down activities which will be treated as supply even if made without considerartion.

The first activity is " Permanent transfer ot disposal of business assets where input tax credit has been availed on such assets."

Even if there is no consideration such activity will b e treated as supply.