Amendment of section 7

In section 7 of the principal Act, with effect from the 1st day of July, 2017,—

1. (a) in sub-section (1),—
   • (i) 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:
   • (ii) in clause (c), after the words "a consideration;", the word "and" shall be omitted and shall always be deemed to have been omitted;
   • (iii) clause (d) shall be omitted and shall always be deemed to have been omitted;
2. (b) 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. (c) in sub-section (3), for the words, brackets and figures "sub-sections (1) and (2)", the words, brackets, figures and letter "sub-sections (1), (1A) and (2)" shall be substituted.