Section 2(83) of CGST Act: Meaning of “Outward Supply”
As per Section 2(83) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “outward supply” has been defined, as under:
Section 2(83) of CGST Act: Definition of “Outward Supply” (CHAPTER I – PRELIMINARY)
“outward supply” in relation to a taxable person, means supply of goods or services or both, whether by sale, transfer, barter, exchange, licence, rental, lease or disposal or any other mode, made or agreed to be made by such person in the course or furtherance of business.
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.