UTGST Act 2017, definitions

 

Definitions under UTGST Act 2017 , section 2

 

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The below post explains about Definitions under section 2 of UTGST Act,2017.

 

Section 2 of UTGST Act, 2017 explains Definitions as below: (The amendments if any will also be updated here soon).

 

The extract of Section 2 of UTGST Act,2017 quoted below:

 

2. In this Act, unless the context otherwise requires,—

(1) ‘‘appointed day’’ means the date on which the provisions of this Act shall

come into force.

UTGST Act 2017, definitions(2) ‘‘Commissioner’’ means the Commissioner of Union territory tax appointed

under section 3;

(3) ‘‘designated authority’’ means such authority as may be notified by the

Commissioner;

(4) ‘‘exempt supply’’ means supply of any goods or services or both which

attracts nil rate of tax or which may be exempt from tax under section 8, or under

section 6 of the Integrated Goods and Services Tax Act, and includes non taxable

supply;

(5) ‘‘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 Act by Parliament or any Authority or person having

the power to make such law, notification, order, rule or regulation;

(6) ‘‘Government’’ means the Administrator or any authority or officer authorised

to act as Administrator by the Central Government;

(7) ‘‘output tax’’ in relation to a taxable person, means the Union territory tax

chargeable under this Act on taxable supply of goods or services or both made by

him or by his agent but excludes tax payable by him on reverse charge basis;

(8) ‘‘Union territory’’ means the territory of,—

(i) the Andaman and Nicobar Islands;

(ii) Lakshadweep;

(iii) Dadra and Nagar Haveli;

(iv) Daman and Diu;

(v) Chandigarh; or

(vi) other territory.

Explanation.—For the purposes of this Act, each of the territories specified

in sub-clauses (i) to (vi) shall be considered to be a separate Union territory;

(9) ‘‘Union territory tax’’ means the tax levied under this Act;

(10) words and expressions used and not defined in this Act but defined in the

Central Goods and Services Tax Act, the Integrated Goods and Services Tax Act, the

State Goods and Services Tax Act, and the Goods and Services Tax (Compensation

to States) Act, shall have the same meaning as assigned to them in those Acts.

 

 

The above information clarifies about Definitions under section 2 of UTGST Act,2017.

  

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Comments


mansinh: same proprietor two firm one firm is under vat tin no. and one firm exempted to vat firm in vat tin no register gst no proprietor decided vat exempted firm name bussiness continues question is gst registration how to firm continued.

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