Definitions of various important terms under Sections 2(51) to 2(60) of the CGST Act, 2017, unless the context otherwise requires:
Section 2(51): Meaning of Fund
Fund means the Consumer Welfare Fund established under section 57.
Section 2(52): Meaning of Goods
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.
Section 2(53): Meaning of Government
Government means the Central Government.
Section 2(54): Meaning of Goods and Services Tax (Compensation to States) Act
Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017.
Section 2(55): Meaning of Goods and Services Tax Practitioner
Goods and Services Tax Practitioner means any person who has been approved under section 48 to act as such practitioner.
Section 2(56): Meaning of India
India means the territory of India as referred to in article 1 of the Constitution, its territorial waters, seabed and sub-soil underlying such waters, continental shelf, exclusive economic zone or any other maritime zone as referred to in the Territorial Waters, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976, and the air space above its territory and territorial waters.
Section 2(57): Meaning of Integrated Goods and Services Tax Act
Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017.
Section 2(58): Meaning of Integrated Tax
Integrated Tax means the integrated goods and services tax levied under the Integrated Goods and Services Tax Act.
Section 2(59): Meaning of Input
Input means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business.
Section 2(60): Meaning of Input Service
Input Service means any service used or intended to be used by a supplier in the course or furtherance of business.
Note: CBEC notifies 22/06/2017 as the Commencement date for Sections 1, 2, 3, 4, 5, 10, 22, 23, 24, 25, 26, 27, 28, 29, 30, 139, 146 and 164 of the CGST Act 2017, vide Notification 1/2017. |
Amendments History:
NA
Commentary on Sections 2(51) to 2(60) of CGST Act, 2017
Here is a brief commentary on each of the terms defined in Sections 2(51) to 2(60) of the Central Goods and Services Tax (CGST) Act, 2017:
Section 2(51) of CGST Act, 2017: Fund
The term “fund” referes to the ‘Consumer Welfare Fund’, established under Section 57 of the CGST Act, which aims to protect consumer interests by promoting and protecting their welfare.
Section 2(52) of CGST Act, 2017: Goods
The term “goods” refers to all types of movable property, excluding money and securities. It includes actionable claims, growing crops, grass and items attached to or part of the land agreed to be severed before supply or under a contract of supply.
Section 2(53) of CGST Act, 2017: Government
In the context of the CGST Act, the term “Government” refers specifically to the Central Government of India.
Section 2(54) of CGST Act, 2017: Goods and Services Tax (Compensation to States) Act
This act, passed in 2017, outlines the compensation process to states for revenue loss resulting from the implementation of GST.
Section 2(55) of CGST Act, 2017: Goods and Services Tax Practitioner
A “GST Practitioner” is a person who has been approved under Section 48 of the CGST Act to provide assistance in GST-related matters.
Section 2(56) of CGST Act, 2017: India
The term “India” refers to the geographic and legal boundaries of the country, including territorial waters, seabed, sub-soil, continental shelf, exclusive economic zones and the air space above its territory and territorial waters.
Section 2(57) of CGST Act, 2017: Integrated Goods and Services Tax Act
This act, also passed in 2017, governs the levy and collection of tax on inter-state supplies of goods and services.
Section 2(58) of CGST Act, 2017: Integrated Tax
The term “integrated tax” refers to the tax levied under the Integrated Goods and Services Tax Act on inter-state supplies of goods and services.
Section 2(59) of CGST Act, 2017: Input
The term “input” refers to any goods, excluding capital goods, used or intended to be used by a supplier in the course or furtherance of business.
Section 2(60) of CGST Act, 2017: Input Service
An “input service” is any service used or intended to be used by a supplier in the course or furtherance of business.
—–
Note: The CGST Act 2017 has been notified vide GOI Notification dt. 12/04/2017, which has subsequently been amended through CGST (Extension to J&K) Act 2017, Finance Act 2018, CGST Amendment Act 2018, Finance Act 2019, Finance Act 2020, Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020, Finance Act 2021, Finance Act 2022 including various Notifications issued by the Govt./ CBIC from time to time, relating to the commencement dates of various Sections/ Provisions in the respective CGST/ Amendment Acts, wherever required. Information on this page is a Section-wise compilation of the Amendments made by various Notifications issued by CBIC from time to time, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website.
CBIC Updates (GST) |
Index of GST Circulars, Notifications, Press Releases, Orders, etc. issued by CBIC from 2017 and onwards along with Section-wise/ Rule-wise Text of GST Acts/ Rules: |
CGST: CGST Act/ Definitions, CGST Rules, GST Forms |
IGST: IGST Act/ Definitions, IGST Rules |
UTGST: UTGST Act/ Definitions, UTGST Rules |
GST Circulars (CGST/ IGST/ UTGST): 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
GST Instructions: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
CGST Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
CGST Rate Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
IGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017 |
IGST Rate Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
UT Tax/ UTGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017 |
UT Tax/ UTGST Rate Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
Compensation Cess Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
Compensation Cess Rate Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
CBIC Orders (CGST/ IGST/ UTGST): 2023, 2022, 2021, 2020, 2019, 2018, 2017 |
CBIC Press Releases: 2020, 2019, 2018, 2017 |
Note: For Official/ updated copy, please visit the CBIC website. |