Supply – Model GST law
The Model GST Law defines ‘supply’ to include, (a) all forms of supply of goods and / or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business, (b) importation of service, whether or not for a consideration and whether or not in the course or furtherance of business, and (c) a supply specified in Schedule I, made or agreed to be made without a consideration. Schedule II of the Model GST Law classify specified transactions as supply of goods or supply of services. Where a person acting as an agent for consideration, either supplies or receives any goods and/or services on behalf of any principal, the transaction between such principal and the agent shall be deemed to be a supply. Supply of any branded service by an aggregator under a brand name or trade name is deemed to be a supply of service by the aggregator. The Model GST Law also empowers the Central or State government to specify the transactions that are to be treated as (i) a supply of goods and not as a supply of services; or (ii) a supply of services and not as a supply of goods; or (iii) neither a supply of goods nor a supply of services.