Long answer c) Consideration is important criteria for defining supply under GST. However, there aretransaction which is treated as supply even if consideration is not present. Elaborate suchcases using suitable example in each case, also discuss the transactions which is neithersupply of goods nor of services

Transactions between related persons and other activities of the Schedule I under the CGST Act will…

Answered: Consideration is i transaction which

Business

Accounting

Consideration is i transaction which

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 6Q: Explain the difference between current and noncurrent assets and liabilities. Why is this...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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c) Consideration is important criteria for defining supply under GST. However, there are
transaction which is treated as supply even if consideration is not present. Elaborate such
cases using suitable example in each case, also discuss the transactions which is neither
supply of goods nor of services

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