Section 2(72) of CGST Act: Meaning of “Manufacture”

Section 2(72) of CGST Act: Meaning of “Manufacture”

As per Section 2(72) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “manufacture” has been defined, as under:

Section 2(72) of CGST Act: Definition of “Manufacture” (CHAPTER I – PRELIMINARY)

“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.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. 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. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

Related Posts:

Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

Section 2 of CGST Act, 2017: Definitions

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  1. PHANI PRASAD TALLAM

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