Important Keyword: Section 2 of the UTGST Act 2017 Definitions, Section 3, Section 8, Section 6, Section 2.
Table of Contents
Section 2 of the Union Territory Goods and Services Tax Act, 2017: Definitions.
In this Act, unless the context otherwise requires,-
(1) ”appointed day” means the date on which the provisions of this Act shall come into force;
(2) ”Commissioner” means the Commissioner of Union territory tax appointed under section 3;
(3) ”designated authority” means such authority as may be notified by the Commissioner;
(4) ”exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which may be exempt from tax under section 8, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-tax able supply;
(5) ”existing law” means any law, notification, order, rule or regulation relating to levy and collection of duty or tax on goods or services or both passed or made before the commencement of this Act by Parliament or any Authority or person having the power to make such law, notification, order, rule or regulation;
(6) ”Government” means the Administrator or any Authority or officer authorised to act as Administrator by the Central Government;
(7) ”output tax” in relation to a taxable person, means the Union territory tax chargeable under this Act on taxable supply of goods or services or both made by him or by his agent but excludes tax payable by him on reverse charge basis;
(8) ”Union territory” means the territory of,-
( i ) the Andaman and Nicobar Islands;
(ii) Lakshadweep;
1[(iii) Dadra and Nagar Haveli and Daman and Diu;
(iv) Ladakh;]
(v) Chandigarh; or
(vi) other territory.
Explanation .- For the purposes of this Act,each of the territories specified in sub-clauses (i) to (vi) shall be considered to be a separate Union territory;
(9) ”Union territory tax” means the tax levied under this Act;
(10) words and expressions used and not defined in this Act but defined in the Central Goods and Services Tax Act, the Integrated Goods and Services Tax Act, the State Goods and Services Tax Act, and the Goods and Services Tax(Compensation to States) Act, shall have the same meaning as assigned to them in those Acts.
1. Substituted vide Finance Act, 2020 dated 27th March 2020 for
“(iii) Dadra and Nagar Haveli and Daman and Diu];
(iv)**** “
Frequently Asked Questions
-
What is the significance of Section 2 of the UTGST Act 2017: Definitions?
Section 2 of the UTGST Act 2017: Definitions provides clarity on key terms and concepts that are essential for understanding the provisions of the Act, ensuring consistency in interpretation.
-
What are the key terms defined in Section 2 of the UTGST Act 2017: Definitions?
Key terms in Section 2 of the UTGST Act 2017: Definitions include ‘goods’, ‘services’, ‘supplier’, ‘recipient’, and more, which are crucial for the application of the Act.
-
How does Section 2 of the UTGST Act 2017: Definitions relate to the GST framework?
Section 2 of the UTGST Act 2017: Definitions aligns with the broader GST framework by providing definitions that are consistent with the Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) Acts.
-
Why is it important to refer to Section 2 of the UTGST Act 2017: Definitions when filing GST returns?
Referring to Section 2 of the UTGST Act 2017: Definitions is important when filing GST returns to ensure accurate classification of goods and services, which affects tax liability and compliance.
-
Can Section 2 of the UTGST Act 2017: Definitions be amended?
Yes, Section 2 of the UTGST Act 2017: Definitions can be amended by legislative action, allowing for updates to keep pace with changes in trade practices and economic conditions.
-
How does the definition of ‘goods’ in Section 2 of the UTGST Act 2017: Definitions differ from other definitions?
The definition of ‘goods’ in Section 2 of the UTGST Act 2017: Definitions is tailored specifically for taxation purposes, encompassing all tangible items, while other definitions may vary in scope.
-
What impact does the definition of ‘services’ in Section 2 of the UTGST Act 2017: Definitions have on businesses?
The definition of ‘services’ in Section 2 of the UTGST Act 2017: Definitions impacts businesses by determining what activities are subject to GST, influencing pricing and compliance strategies.
-
Is there any overlap between Section 2 of the UTGST Act 2017: Definitions and other tax laws?
Yes, there is overlap between Section 2 of the UTGST Act 2017: Definitions and other tax laws, as many terms are harmonized to ensure clarity and prevent conflicts in taxation.
-
How do definitions in Section 2 of the UTGST Act 2017: Definitions aid in dispute resolution?
Definitions in Section 2 of the UTGST Act 2017: Definitions provide a clear reference point for resolving disputes related to classification and tax obligations, enhancing legal certainty.
-
Where can I find more information about Section 2 of the UTGST Act 2017: Definitions?
More information about Section 2 of the UTGST Act 2017: Definitions can be found on official government websites, GST portals, and legal resources that cover Indian tax laws.
Download Pdf: https://taxinformation.cbic.gov.in/
