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, however commencement date is yet to be notified.
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.