Definitions of various important terms under Sections 2(111) to 2(120) of the CGST Act, 2017, unless the context otherwise requires:
Section 2(111): Meaning of The State Goods and Services Tax Act
The State Goods and Services Tax Act means the respective State Goods and Services Tax Act, 2017.
Section 2(112): Meaning of Turnover in State or Union Territory
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 goods or services or both made from the State or Union territory by the said taxable person but excludes central tax, State tax, Union territory tax, integrated tax and cess.
Section 2(113): Meaning of Usual Place of Residence
Usual Place of Residence means,-
(a) in case of an individual, the place where he ordinarily resides;
(b) in other cases, the place where the person is incorporated or otherwise legally constituted.
Section 2(114): Meaning of Union Territory
Union Territory means the territory of-
(a) the Andaman and Nicobar Islands;
(b) Lakshadweep;
(c) Dadra and Nagar Haveli; Dadra and Nagar Haveli and Daman and Diu; [clause (c) substituted from 30/06/2020: refer Note 1]
(d) Daman and Diu; Ladakh; [clause (d) substituted from 30/06/2020: refer Note 1]
(e) Chandigarh; and
(f) other territory.
Explanation: For the purposes of this Act, each of the territories specified in sub-clauses (a) to (f) shall be considered to be a separate Union territory.
Section 2(115): Meaning of Union Territory Tax
Union Territory Tax means the Union territory goods and services tax levied under the Union Territory Goods and Services Tax Act.
Section 2(116): Meaning of Union Territory Goods and Services Tax Act
Union Territory Goods and Services Tax Act means the Union Territory Goods and Services Tax Act, 2017.
Section 2(117): Meaning of Valid Return
Valid Return means a return furnished under sub-section (1) of section 39 on which self-assessed tax has been paid in full.
Section 2(117A): Meaning of Virtual Digital Asset
Virtual digital asset shall have the same meaning as assigned to it in clause (47A) of section 2 of the Income-tax Act, 1961. [sub-section (117A) inserted from 01/10/2023: refer Note 2]
Section 2(118): Meaning of Voucher
Voucher means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both and where the goods or services or both to be supplied or the identities of their potential suppliers are either indicated on the instrument itself or in related documentation, including the terms and conditions of use of such instrument.
Section 2(119): Meaning of Works Contract
Works Contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract.
Section 2(120): Meaning of Words and Expressions used and not defined in this Act
Words and Expressions used and not defined in this Act but defined in the Integrated Goods and Services Tax Act, the Union Territory 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.
| Note: CBEC notifies 22/06/2017 as the commencement date vide Notification 1/2017. |
Amendments History:
1. In sub-section (114), clauses (c) and (d) substituted vide Section 118 of the Finance Act 2020, followed with Notification 49/2020 on commencement date of 30/06/2020.
2. Sub-section (117A) inserted vide the CGST (Amendment) Act, 2023, followed with Notification 48/2023 on commencement date of 01/10/2023.
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| CGST Act 2017: Last updated 15/02/2024 |
| The CGST Act 2017 has been notified vide GOI Notification dated 12/04/2017, which has subsequently been amended through the CGST (Extension to J&K) Act 2017, Finance Act 2018, CGST Amendment Act 2018, Finance Act 2019, Finance Act 2020, Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance/Act 2020, Finance Act 2021, Finance Act 2022, Finance Act 2023, CGST Amendment Act 2023, CGST Second Amendment Act 2023 & Finance Act, 2024 including various Notifications/Orders issued by the Govt./ CBIC from time to time, relating to the commencement dates of various sections and provisions in the respective CGST/Amendment Acts, wherever required. Information on this page is a section-wise compilation of the amendments to the CGST Act, 2017 made through various notifications issued by CBIC from time to time (upto 15th February, 2024), with the best possible efforts for accuracy. In any case, E&OE. For official or updated information, please visit the CBIC website. |
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