Amendment of section 7

In section 7 of the principal Act, with effect from 1st July, 2017,— (1) in sub-section (1),— (a) in clause (b), after the words "or furtherance of business", the word "and" shall be inserted and shall always be deemed to have been inserted; (b) in clause (c), after the word "activity", the word "and" shall be omitted and shall always be deemed to have been omitted; (c) clause (d) shall be omitted and shall always be deemed to have been omitted; (2) after sub-section (1), the following sub-section shall be inserted and shall always be deemed to have been inserted, namely:— "(1A) where certain activities or transactions constitute a supply in accordance with the provisions of sub-section (1), they shall be treated either as supply of goods or supply of services as referred to in Schedule II."; (3) in sub-section (3), for the words, brackets and figures "sub-section (1) and sub-section (2)", the words, brackets, figures and letter "sub-section (1), sub-section (1A) and sub-section (2)" shall be substituted.