ORDER NO. 04/2019-CENTRAL TAX: SCHEDULE II OF CGST ACT, 2017

The Order No. 04/2019-Central Tax provides clarification on the classification of goods and services under Schedule II of the CGST Act, 2017.

Schedule II of the CGST Act, 2017 deals with the activities to be treated as supply of goods or services.

The Order clarifies that the classification of an activity as supply of goods or services would depend on the nature of the activity and the terms of the contract.

The Order also provides examples of activities that would be treated as supply of goods or services, such as transfer of title in goods, transfer of right to use goods, and provision of services.

The Order further clarifies that the classification of an activity as supply of goods or services would have implications for the tax treatment of the activity.

The Order is expected to provide clarity to taxpayers and reduce disputes related to the classification of goods and services under Schedule II of the CGST Act, 2017.

Taxpayers should review the Order and ensure that their activities are correctly classified as supply of goods or services for the purposes of GST.