The Schedule III of CGST Act, 2017 specifies the transactions and activities which shall be neither treated as supply neither of goods nor as services. Which of the following will not be included in this category?
A. Salary paid to director under em-ployment agreement
B. Sitting fees to independent direc-tors for attending AGMs
C. Payment to employee for providing broking services to the employer for purchase of commercial property. Such services do not form part of the employment contract entered into by the employer with the employee.
D. Both (b) and (c)
Answer:D
The Schedule III of CGST Act, 2017 specifies the transactions and activities which shall be neither treated as supply neither of goods nor as services. Which of the following will not be included in this category?
A. Salary paid to director under em-ployment agreement B. Sitting fees to independent direc-tors for attending AGMs C. Payment to employee for providing broking services to the employer for purchase of commercial property. Such services do not form part of the employment contract entered into by the employer with the employee. D. Both (b) and (c)