Meaning of Supply under GST

Section 7(1) of CGST Act, 2017

Supply includes-

a) all forms of supply of goods or services or both such as 

✓sale, 

✓transfer, 

✓barter, 

✓exchange, 

✓licence, 

✓rental, 

✓lease or 

✓disposal 

made or agreed to be made for a consideration by a person in the course or furtherance of business.

b) import of services for a consideration whether or not in the course or furtherance of business; 

c) the activities specified in Schedule I, made or agreed to be made without a consideration; and 

d) the activities to be treated as supply of goods or supply of services as referred to in Schedule II.