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TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... rve Bank of India Act, 1934 (2 of 1934); (4) "customs frontiers of India" means the limits of the area of a customs station as defined in section 2 of the Customs Act, 1962 (52 of 1962) in which imported goods are ordinarily kept before clearance by customs authorities; (5) "export of goods" with its grammatical variations and cognate expressions, means taking goods out of India to a place outside India; (6) "export of services" means the supply of any service when (a) the supplier of service is located in India, (b) the recipient of service is located outside India, (c) the place of supply of service is outside India, (d) the payment for such service has been received by the supplier of service in convertible foreign exchange ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llations, structures and vessels located in the continental shelf of India and the exclusive economic zone of India, for the purposes of prospecting or extraction or production of mineral oil and natural gas and supply thereof; (13) "intermediary" means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of a service (hereinafter called the 'main' service) or the supply of goods, between two or more persons, but does not include a person who supplies the main service or supplies the goods on his account; (14) "Integrated Goods and Services Tax" (IGST) means tax levied under this Act on the supply of any goods and/or services in the course of inter-State trade or commerce; (15) " ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ained, that is to say, a fixed establishment elsewhere, the location of such fixed establishment; (c) where a supply is made from more than one establishment, whether the place of business or fixed establishment, the location of the establishment most directly concerned with the provision of the supply; and (d) in absence of such places, the location of the usual place of residence of the supplier; (19) "non-banking financial company" means- (a) a financial institution which is a company; (b)a non-banking institution which is a company and which has as its principal business the receiving of deposits, under any scheme or arrangement or in any other manner, or lending in any manner; or (c) such other non-banking institution or cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t; (d) providing data or information, retrievable or otherwise, to any person, in electronic form through a computer network; (e) online supplies of digital content (movies, television shows, music, etc.); (f) digital data storage; and (g) online gaming; (22) "place of business" includes (a) a place from where the business is ordinarily carried on, and includes a warehouse, a godown or any other place where a taxable person stores his goods, provides or receives goods and/or services; (b) a place where a taxable person maintains his books of account; or (c) a place where a taxable person is engaged in business through an agent, by whatever name called; (23) "special economic zone'' shall have the meaning assigned to it ..... X X X X Extracts X X X X X X X X Extracts X X X X
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