Section 2(35) of CGST Act: Meaning of “Cost Accountant”
As per Section 2(35) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “cost accountant” has been defined, as under:
Section 2(35) of CGST Act: Definition of “Cost Accountant” (CHAPTER I – PRELIMINARY)
“cost accountant” means a cost accountant as defined in [
clause (c) clause (b)]$1 of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959.
Section 2(1)(b) of the Cost and Works Accountants Act, 1959
“Cost Accountant” means a person who is a member of the Institute.
$1. The word, brackets and letter “clause (c)” substituted with the word, brackets and letter “clause (b)” vide CGST (Amendment) Act, 2018.
The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. of India on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. Further, CBIC has separately notified the commencement date of provisions of various Sections of the CGST (Amendment) Act 2018 vide Notification No. 2/2019 Central Tax dt. 29 Jan. 2019, except for sections where the date of commencement is different from 1 Feb. 2019 and has specifically been mentioned in the CGST Amendment Act, 2018 itself.
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