Definitions

Section

Definition

2(19)

"Capital
goods" are goods which are capitalized in the books of account of person
claiming ITC which are used or intended to be used in the course or
furtherance of business

2(59)

"Input"
are goods other than capital goods which are used or intended to be used in
the course or furtherance of business

2(60)

"Input
service" are services which are used or intended to be used in the
course or furtherance of business

2 (6)

"Aggregate
turnover" is the aggregate value of all taxable (excluding inward
supplies on which tax is payable on reverse charge), exempt, export supplies
& inter-state supplies of persons having same PAN but excluding GST taxes
& cess

2(10)

"Appointed day" means the date on which the
provisions of this Act shall come into force

2(20)

"Casual
taxable person" is a person who occasionally undertakes transactions
involving supply in the course or furtherance of business, in a place where
he has no fixed place of business

2(30)

"Composite
supply" is a supply consisting of two or more taxable supplies, which
are naturally bundled & supplied in conjunction with each other, one of
which is a principal supply

2(31)

"Consideration"
includes payment made or to be made or the monetary value of any act or
forbearance, in money or otherwise, in respect of, in response to, or for the
inducement of, supply, by any person but shall not include subsidy given by
Government. A deposit given shall not be considered as payment unless the
supplier applies such deposit as consideration.

2(32) & (33)

"Continuous
supply of goods or services" means supply of goods or services provided
or agreed to be provided, continuously or on recurrent basis, under a
contract & for which the supplier invoices the recipient on a regular or
periodic basis & includes notified supply;

2(47)

"Exempt
supply" means supply which is wholly exempt u/s 11 or attracts nil rate
of tax & includes non-taxable supply

2(52)

"Goods"
means movable property other than money & securities but includes
actionable claim, growing crops, grass & things attached to or forming
part of the land which are agreed to be severed before supply or under a
contract of supply

2(62)

"Input
tax" is the GST tax charged on any supply excluding tax paid under
composition levy

2(64),(65)

"Intra-state
supply of goods or services" has the same meaning as in section 8 of the
Integrated GST Act

2(72)

"Manufacture"
means processing of raw material or inputs that results in emergence of a new
product having a distinct name, character & use

2(74)

"Mixed
supply" means 2 or more individual supplies made in conjunction with
each other by a taxable person for a single price where such supply does not
constitute a composite supply

2(78)

"Non-taxable
supply" is a supply which is not leviable to tax under this or
Integrated GST Act

2(82)

"Output
tax" is the tax chargeable excluding tax payable by him on reverse
charge basis

2(98)

"Reverse
charge" is the liability to pay tax by the recipient instead of the
supplier u/s 9(3)/ (4) or u/s 5(3)/ (4) of the Integrated GST Act

2(102)

"Services"
means anything other than goods, money & securities but includes
activities relating to the use of money or its conversion, from one form,
currency or denomination, for which a separate consideration is charged

2(112)

"Turnover"
is the value of taxable (excluding inward supplies on which tax is payable on
reverse charge basis) & exempt, exports & inter-state supplies made
within a state or Union territory by a taxable person, but excludes GST tax
& cess;