CA Final Paper 5 IDT Practice Questions - ICAI CA Final Paper 5 Indirect Tax Laws Exam

As per Schedule I of the CGST Act, which of the following is treated as a supply even when made without consideration?

Permanent transfer of business assets on which input tax credit has been availed Free samples distributed to unrelated customers Gifts to an employee not exceeding fifty thousand rupees in a financial year Sale of goods to an unrelated customer at a discount

Correct Answer:

Permanent transfer of business assets on which input tax credit has been availed

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