Section 2(52) of CGST Act: Meaning of “Goods”
As per Section 2(52) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “goods” has been defined, as under:
Section 2(52) of CGST Act: Definition of “Goods” (CHAPTER I – PRELIMINARY)
“goods” means every kind of movable property other than money and securities but includes actionable claim, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under a contract of supply.
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.