Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Definitions.

Section 2 - Kerala SGST - PRELIMINARY - GST - States - Section 2 - 2. -In this Ordinance, unless the context otherwise requires,- (1) actionable claim shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882 (Central Act 4 of 1882); (2) address of delivery means the address of the recipient of goods or services or both indicated on the tax invoice issued by a registered person for delivery of such goods or services or both; (3) address on record means the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

r any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another; (6) aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

; (9) Appellate Tribunal means the Goods and Services Tax Appellate Tribunal constituted under section 109; (10) appointed day means the date on which the provisions of this Ordinance shall come into force; (11) assessment means determination of tax liability under this Ordinance and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment; (12) associated enterprises shall have the same meaning as assigned to it in section 92A of the Incom .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

bank or a branch of a bank authorized by the Central Government to collect the tax or any other amount payable under this Ordinance; (15) authorised representative means the representative as referred to under section 116; (16) Board means the Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963 (Central Act 54 of 1963); (17) business includes,- (a) any trade, commerce, manufacture, profession, vocation, adventure, wager or any other similar activity, wh .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

iption or any other consideration) of the facilities or benefits to its members; (f) admission, for a consideration, of persons to any premises; (g) 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 or vocation; (h) services provided by a race club by way of totalisator or a licence to book maker in such club; and (i) any activity or transaction undertaken by the Central Government, a State Government or .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ure of the goods or services; (b) the nature of the production processes; (c) the type or class of customers for the goods or services; (d) the methods used to distribute the goods or supply of services; and (e) the nature of regulatory environment (wherever applicable), including banking, insurance or public utilities; (19) capital goods means goods, the value of which is capitalised in the books of account of the person claiming the input tax credit and which are used or intended to be used in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

l have the same meaning as assigned to it in the Goods and Services Tax (Compensation to States) Act, 2017 (Central Act 15 of 2017); (23) chartered accountant means a chartered accountant as defined in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (Central Act 38 of 1949); (24) Commissioner means the Commissioner of State tax appointed under section 3 and includes the Principal Commissioner or Chief Commissioner of State tax appointed under section 3; (25) Com .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

(1) of section 2 of the Company Secretaries Act, 1980 (Central Act 56 of 1980); (29) competent authority means such authority as may be notified by the Government; (30) composite supply means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply; Illustration: .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ude any subsidy given by the Central Government or a State Government; (b) the monetary value of any act or forbearance, in respect of, in response to, or for the inducement of, the supply of goods or services or both, whether by the recipient or by any other person but shall not include any subsidy given by the Central Government or a State Government: Provided that a deposit given in respect of the supply of goods or services or both shall not be considered as payment made for such supply unle .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

; (33) continuous supply of services means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding three months with periodic payment obligations and includes supply of such services as the Government may, subject to such conditions, as it may, by notification, specify; (34) conveyance includes a vessel, an aircraft and a vehicle; (35) cost accountant means a cost accountant as defined in clause (c) of sub-sec .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d authority means such authority as may be notified by the Commissioner; (41) document includes written or printed record of any sort and electronic record as defined in clause (t) of section 2 of the Information Technology Act, 2000 (Central Act 21 of 2000); (42) drawback in relation to any goods manufactured in India and exported, means the rebate of duty, tax or cess chargeable on any imported inputs or on any domestic inputs or input services used in the manufacture of such goods; (43) elect .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

mpt supply means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017) and includes non-taxable supply; (48) existing law means any law, notification, order, rule or regulation relating to levy and collection of duty or tax on goods or services or both passed or made before the commencement of this Ordinance by the Legislature or .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rces to supply services, or to receive and use services for its own needs; (51) Fund means the Consumer Welfare Fund established under section 57; (52) goods means every kind of movable property other than money and securities but includes actionable claim including Lotteries conducted in accordance with Lotteries Regulation Act, 1998 (Central Act 17 of 1998) and rules made thereunder, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

lying such waters, continental shelf, exclusive economic zone or any other maritime zone as referred to in the Territorial Waters, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976 (Central Act 80 of 1976) and the air space above its territory and territorial waters; (57) Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017); (58) integrated tax means the integrated goods and services tax levied under the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office; (62) input tax in relation to a registered person, means the central tax, State tax, integrated tax or Union territory tax charged on any supply of goods or services or both made to him and includes,- (a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

id under the composition levy; (63) input tax credit means the credit of input tax; (64) intra-State supply of goods shall have the same meaning as assigned to it in section 8 of the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017); (65) intra-State supply of services shall have the same meaning as assigned to it in section 8 of the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017); (66) invoice or tax invoice means the tax invoice referred to in section 31 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e (e) of article 243P of the Constitution; (c) a Municipal Committee, a Zilla Parishad, a District Board, and any other authority legally entitled to, or entrusted by the Central Government or any State Government with the control or management of a municipal or local fund; (d) a Cantonment Board as defined in section 3 of the Cantonments Act, 2006 (Central Act 41 of 2006); (e) a Regional Council or a District Council constituted under the Sixth Schedule to the Constitution; (f) a Development Bo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d establishment; (c) where a supply is received at more than one establishment, whether the place of business or fixed establishment, the location of the establishment most directly concerned with the receipt of the supply; and (d) in absence of such places, the location of the usual place of residence of the recipient; (71) location of the supplier of services means,- (a) where a supply is made from a place of business for which the registration has been obtained, the location of such place of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

lier; (72) manufacture means processing of raw material or inputs in any manner that results in emergence of a new product having a distinct name, character and use and the term manufacturer shall be construed accordingly; (73) market value shall mean the full amount which a recipient of a supply is required to pay in order to obtain the goods or services or both of like kind and quality at or about the same time and at the same commercial level where the recipient and the supplier are not relat .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

any other. It shall not be a mixed supply if these items are supplied separately; (75) money means the Indian legal tender or any foreign currency, cheque, promissory note, bill of exchange, letter of credit, draft, pay order, traveller cheque, money order, postal or electronic remittance or any other instrument recognized by the Reserve Bank of India when used as a consideration to settle an obligation or exchange with Indian legal tender of another denomination but shall not include any curre .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

services or both which is not leviable to tax under this Ordinance or under the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017); (79) non-taxable territory means the territory which is outside the taxable territory; (80) notification means a notification published in the Official Gazette and the expressions notify and notified shall be construed accordingly; (81) other territory includes territories other than those comprising in a State and those referred to in sub-clauses .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ourse or furtherance of business; (84) person includes,- (a) an individual; (b) a Hindu Undivided Family; (c) a company; (d) a firm; (e) a Limited Liability Partnership; (f) an association of persons or a body of individuals, whether incorporated or not, in India or outside India; (g) any corporation established by or under any Central Act, State Act or Provincial Act or a Government company as defined in clause (45) of section 2 of the Companies Act, 2013 (Central Act 18 of 2013); (h) any body .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ied on, and includes a warehouse, a godown or any other place where a taxable person stores his goods, supplies or receives goods or services or both; or (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; (86) place of supply means the place of supply as referred to in Chapter V of the Integrated Goods and Services Tax Act, 2017(Central Act 13 of 2017); (87) prescribed means pr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

r supply forming part of that composite supply is ancillary; (91) proper officer in relation to any function to be performed under this Ordinance, means the Commissioner or the officer of the State tax who is assigned that function by the Commissioner; (92) quarter shall mean a period comprising three consecutive calendar months, ending on the last day of March, June, September and December of a calendar year; (93) recipient of supply of goods or services or both, means,- (a) where a considerati .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

reference to the recipient of the supply and shall include an agent acting as such on behalf of the recipient in relation to the goods or services or both supplied; (94) registered person means a person who is registered under section 25 but does not include a person having a Unique Identity Number; (95) regulations means the regulations made by the Government under this Ordinance on the recommendations of the Council; (96) removal in relation to goods, means,- (a) despatch of the goods for deli .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

h under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act, 2017 (Central Act 13 of 2017); (99) Revisional Authority means an authority appointed or authorised for revision of decision or orders as referred to in section 108; (100) Schedule means a Schedule appended to this Ordinance; (101) securities shall have the same meaning as assigned to it in clause (h) of section 2 of the Securities Contra .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

es or both, shall mean the person supplying the said goods or services or both and shall include an agent acting as such on behalf of such supplier in relation to the goods or services or both supplied; (106) tax period means the period for which the return is required to be furnished; (107) taxable person means a person who is registered or liable to be registered under section 22 or section 24; (108) taxable supply means a supply of goods or services or both which is leviable to tax under this .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

her electromagnetic means; (111) the Central Goods and Services Tax Act means the Central Goods and Services Tax Act, 2017 (Central Act 12 of 2017); (112) turnover in State or turnover in Union territory means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis) and exempt supplies made within a State or Union territory by a taxable person, exports of goods or services or both and inter-State supplies of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version