Welcome to your Ch 9: Schedule I (6 to 10)
6. Gifts not exceeding .......................... in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both.
7. Examine the following statements -
i. Supply of goods or services or both without consideration by employer to employee, as per terms
of employment is treated as supply.
ii. Supply of goods or services or both with or without consideration by employer to employee, when made in the course of or in relation to his employment is not treated as supply.
iii. Supply of goods or services or both without consideration by employer to employee, in excess of ₹50,000 is treated as supply. Such supply as per policy of the company.
8. ………………… shall be treated as supply even if made without consideration:
9. Examine in following cases whether Mr. B is the agent of Mr. A in terms of Schedule I.
i. Mr. B procures goods on behalf of Mr. A and asks Mr. C to send the goods and issue the invoice directly to Mr. A.
ii. Mr. B auction certain goods on behalf of XYZ Ltd. The invoice for the goods is issued by Mr. B on behalf of Mr. A but in his own name and goods are delivered to successful bidder.
10. Examine in following cases -
i. Unregistered kaccha agent does not issue invoice to it’s recipient
ii. Pucca agent issues invoice to it’s customer on behalf of it’s principal.
