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Definition of Business

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 16-1-2017 Last Replied Date:- 18-1-2017 - DAILY DOSE OF GST UPDATE BY CA PRADEEP JAIN Continuing with the analysis of the revised GST law, we shall today discuss changes bought in the defini .....

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activity or transaction in connection with or incidental or ancillary to (a) above; (c) Any activity or transaction in the nature of (a) above, whether or not there is volume, frequency, continuity or regularity of such transaction; (d) Supply or acq .....

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its to its members, as the case may be; (f) admission, for a consideration, of persons to any premises; and services supplied by a person as the holder of an office which has been accepted by him in the course or furtherance of his trade, profession .....

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ed GST law is compared with old definition given in model GST law, it can be noted that a new explanation is added in the clause aiming to cover any activity or transaction undertaken by the Central Government, a State Government or any local authori .....

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ness has a large impact to the extent GST is considered. Not only the definition of supply but the cenvat credit provisions, all mandate that the activities undertaken by the taxable person should be in the course or furtherance of business. Even the .....

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gaged as public authorities as specified in Schedule IV shall be treated neither as supply of goods nor a supply of services. By this clause specified activities carried out by the Government as public authorities have been taken out of the definitio .....

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ness transactions and will be covered under GST. Even in the present system of service tax also, there is reverse charge mechanism on all services provided by Government except the services mentioned in schedule IV. This implies that the same system .....

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tuality, it was held that club and its members are one and same person and hence the service tax is not applicable on the same. It was held by Bihar High Court in case of Ranchi club and Gujarat High Court in case of Karnavati club. Now, by including .....

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