State whether the following supplies would be treated as supply of goods or supply of services as per Schedule II of CGST Act, 2017: (a) Renting of immovable property. (b) Goods forming part of business assets are transf

CS Executive · Tax Laws and Practice · PYQS · December 2025
State whether the following supplies would be treated as supply of goods or supply of services as per Schedule II of CGST Act, 2017: (a) Renting of immovable property. (b) Goods forming part of business assets are transferred or disposed of by/under Directions of person carrying on the business. (c) Transfer of right in goods without transfer of title in goods. (d) Transfer of title in goods under an agreement which stipulates that property shall pass at a future date. (e) Temporary transfer or permitting use or enjoyment of any intellectual property right.

Answer & Explanation:

S. No. Nature of Supply (a) Renting of Immovable Property is treated as supply of services as per Schedule II of CGST Act, 2017 (b) Goods forming part of business assets are transferred or disposed of by / under directions of person carrying on the business is treated as supply of goods as per Schedule II of CGST Act, 2017 (c) Transfer of right in goods without transfer of title in goods is treated as supply of services as per Schedule II of CGST Act, 2017 (d) Transfer of title in goods under an agreement which stipulates that property shall pass at a future date is treated as Supply of goods as per Schedule II of CGST Act, 2017 (e) Temporary transfer or permitting use or enjoyment of any intellectual property rights is treated as supply of services as per Schedule II of CGST Act, 2017

Topics: GST

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