What are the necessary elements that constitute supply under MGL?


In order to constitute a ‘supply’, the following elements are required to be satisfied, i.e.-

(i) supply of goods and / or services;

(ii) supply is for a consideration;

(iii) supply is made in the course or furtherance of business;

(iv) supply is made in the taxable territory;

(v) supply is a taxable supply; and

(vi) Supply is made by a taxable person.



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