Meaning and Concept of Goods and Services.pdf

A detailed presentation on meaning and concept of goods and services in GST in India.
The concept of services in particular is new to the officers of State GST departments. The presentation is meant to apprise them with the concept.

1. MEANING AND CONCEPT
OF
GOODS AND SERVICES
SUHRID BHATNAGAR, ADVOCATE
B.Sc., MBA, EPGDM (IIM-I), LL.B., LL.M.
ACUMEN TAX CONSULTANTS,
JAIPUR
1

2. GOODS AND SERVICES
What are goods and services?
Conceptually-
•Goodsandservicesaretheoutputofan
economicsystem
•Goodsaretangibleitemssoldtocustomers
•Servicesaretasksperformedforthebenefitof
therecipients
2

3. MEANING OF GOODS AND SERVICES
KINDSOFMEANING-
•Literalmeaning-Dictionary
•Legalmeaning-DefinitionsgivenintheAct
•Createdmeaning-Deemingfiction-Schedule
•Legal meaning and Deeming fiction are
concepts or conceptual meanings of Goods
and Services in SGST/CGST Act
3

4. WHAT IS IN STORE FOR YOU
•Meaning and Concept of Goods
•What are capital goods
•Meaning and Concept of Services (With
Background on taxation on services)
•Services as per Section 7 of the Act
•Explanation of some terms used
•A Quiz
4

5. Meaning and Concept of Goods
Literal Meaning of Goods
5
dictionary.cambridge.orgitemsforsale,or
possessionsthatcan
bemoved;
thingsforsale,orthe
thingsthatyouown
collinsdictionary.com Goodsarethingsthatare
madetobesold
oxfordlearnersdictionaries.c
om
thingsthatareproducedto
besold

6. Meaning and Concept of Goods
LiteralMeaningofGoods
•Goodsareitemsthatcanbeseen,touched,moved,sold
andowned.
•Goodscanbeproducedandarecapableofbeing
broughttothemarketandsold.
•Goodsarephysicalproductswithformandsubstances,
andboughtandusedbyconsumers fortheir
satisfaction.
6

7. Meaning and Concept of Goods
Literal Meaning of Goods
•Tangible •Canbereadilydisplayed
•Standardized •Pricingiseasy
•Productionseparatefrom
consumption
•Massproductioniseasy
•Perishable/non-perishable•Canbetransferredfromone
placetoanother
•Canbeinventoried •Goodscanbereturnedor
resold
•Canbepatented •Itiseasytosynchronize
supplyanddemand
7

8. Meaning and Concept of Goods
LEGAL MEANING
•The Rajasthan Sales Tax Act, 1994
•Rajasthan VAT Act, 2003
•Central Excise Act, 1944
•CENVAT Credit Rules, 2004
•CGST Act, 2017
8

9. Meaning and Concept of Goods
LEGAL MEANING
The Rajasthan Sales Tax Act, 1994
Section 2(20) "goods" means all kinds of movable
property other than newspapers, money, actionable
claims, stocks, shares and securities, and includes
goods in some other form involved to the execution
of works contracts;
9

10. Meaning and Concept of Goods
LEGAL MEANING
RajasthanVATAct2003
Section2(15)“goods”meansallkindsofmovableproperty,
whethertangibleorintangible,otherthannewspapers,money,
actionableclaims,stocks,sharesandsecurities,andincludes
materials,articlesandcommoditiesusedinanyforminthe
executionofworkscontract,livestockandallotherthings
attachedtoorformingpartofthelandwhichisagreedtobe
severedbeforesaleorunderthecontractofsale;
10

11. Meaning and Concept of Goods
LEGAL MEANING
CentralExciseAct,1944
Section2(d)“excisablegoods”meansgoodsspecifiedintheFirst
ScheduleandtheSecondScheduletotheCentralExciseTariffAct,
1985(5of1986)asbeingsubjecttoadutyofexciseandincludessalt;
Explanation.–Forthepurposeofthisclause,“goods”includesany
article,materialorsubstancewhichiscapableofbeingboughtand
soldforaconsiderationandsuchgoodsshallbedeemedtobe
marketable.
11

12. Meaning and Concept of Goods
LEGAL MEANING
CGSTAct,2017
Section2(52)‘goods’meanseverykindof
movablepropertyotherthanmoneyand
securitiesbutincludesactionableclaim,growing
crops,grassandthingsattachedtoorforming
partofthelandwhichareagreedtobesevered
beforesupplyorunderacontractofsupply;
12

13. Meaning and Concept of Goods
Capital Goods
TheRajasthanSalesTaxAct,1994
S.O.68.–Exemptedsaleofcapitalgoodsfornewindustriesinstate-
Explanation.-Forthepurposeofthisnotificationcapitalgoodsshallmean-
(i)allkindsofplantsmachinery,equipmentsorapparatus;
(ii)components,sparesandaccessoriesofthegoodsspecifieda(i)above;
(iii)mouldsanddies;
(iv)refractorsandrefractorymaterials;
(v)tubesandpipesandfittingsthereof,usedinthefactory;
(vi)pollutioncontrolequipmentsand
(vii)storagetanks,onlyifalltheseareintegrallyconnectedformanufactureofgoodsforsale,
unlessotherwisenotifiedbytheStateGovernment.
[Notification No. F. 4(67) FD/Tax/2004-29, dated 12.7.2004 Rajasthan Gazette Extraordinary Part IV-
C(II), dated 12.7.2004, page 173.]
13

14. Meaning and Concept of Goods
Capital Goods
RajasthanVATAct2003
Section2(7)“capitalgoods”meansplantand
machineryincludingpartsandaccessories
thereof,meantforuseinmanufactureunless
otherwisenotifiedbytheStateGovt.from
timetotimeintheOfficialGazette;
14

15. Meaning and Concept of Goods
Capital Goods
CENVATCreditRules,2004
Rule2.Definitions.-
Intheserules,unlessthecontextotherwiserequires,-
(a) "capital goods" means:-
(A) the following goods, namely:-
i.all goods falling under Chapter 82, Chapter 84, Chapter 85,
Chapter 90, heading No. 68.05 grinding wheels and the like, and
parts thereof falling under heading 6804 and wagons of sub-
heading 860692 of the First Schedule to the Excise Tariff Act;
ii.pollution control equipment;
iii.components, spares and accessories of the goods specified at (i) and
(ii);
15

16. Meaning and Concept of Goods
Capital Goods
CENVATCreditRules,2004
iv. mouldsanddies,jigsandfixtures;
v. refractoriesandrefractorymaterials;
vi. tubesandpipesandfittingsthereof;
vii. storagetank,and
viii.Motorvehiclesotherthanthosefallingundertariffheadings
8702,8703,8704,8711andtheirchassisbutincluding
dumpersandtippers,used-
16

17. Meaning and Concept of Goods
Capital Goods
CENVATCreditRules,2004
(1)inthefactoryofthemanufacturerofthefinalproducts,or
(1A)outsidethefactoryofthemanufacturerofthefinalproductsforgeneration
ofelectricityorforpumpingofwaterforcaptiveusewithinthefactory
(2) for providing output service;
(B)motorvehicledesignedfortransportationofgoodsincludingtheirchassis
registeredinthenameoftheserviceprovider,whenusedfor–
•(i)providinganoutputserviceofrentingofsuchmotorvehicle;or
(ii)transportationofinputsandcapitalgoodsusedforprovidinganoutput
service;or
•(iii)providinganoutputserviceofcourieragency;]
17

18. Meaning and Concept of Goods
Capital Goods
CENVATCreditRules,2004
[(C)motorvehicledesignedtocarrypassengersincludingtheirchassis,
registeredinthenameoftheproviderofservice,whenusedfor
providingoutputserviceof–
(i)transportationofpassengers;or
(ii)rentingofsuchmotorvehicle;or
(iii)impartingmotordrivingskills;]
[(D) components, spares and accessories of motor vehicles which are
capital goods for the assessee;]
18

19. Meaning and Concept of Goods
Capital Goods
CGSTAct,2017
Section2(19)‘capitalgoods’meansgoods,thevalueofwhichis
capitalisedinthebooksofaccountofthepersonclaimingtheinputtax
creditandwhichareusedorintendedtobeusedinthecourseor
furtheranceofbusiness;
‘Capitalized’meansthecapitalgoodsaretreatedascapitalexpenditure
andnotasrevenueexpenditure.Thecostofthesegoodsisspreadover
yearsbyclaimingdepreciationasagainstthetotalcostclaimedas
expenditureincaseofrevenueexpenditure.
19

20. Meaning and Concept of Services
•Literal Meaning of Services
20
dictionary.cambri
dge.org
theparticularskillsthatsomeonehasand
canoffertoothers
collinsdictionary.
com
(in Economics) commodities, such
asbanking, that aremainlyintangibleand
usuallyconsumedconcurrently with
theirproduction.
(In Accounting) Servicesare activities such
astourism, banking, andaccountancythat
are part of a country'seconomy, but are not
concerned with producing
ormanufacturinggoods.
oxfordlearnersdic
tionaries.com
abusinesswhoseworkinvolvesdoing
somethingforcustomersbutnotproducing
goods;theworkthatsuchabusinessdoes.

21. Meaning and Concept of Services
Literal Meaning of Services
Servicesareprovidedbypersonsor
organizations such as construction
contractors,lawyers,lawfirms,doctors,
hospitals,teachers,educationalinstitutions,
motivationalspeakers,performerslikesingers
anddancersetc.
Servicesarenon-physicalproductswhich
generallyinvolvesomekindofperformance.It
isanactivityperformedforthebenefitof
someoneelse.
21

22. Meaning and Concept of Services
Literal Meaning of Services
22
Intangible Cannotbereadilydisplayed
heterogeneity Pricingisdifficult
Simultaneousproductionand
consumption
Massproductionisdifficult
Perishability is not in
question
Servicescannotbereturned
orresold
Services cannot be
inventoried
Itisdifficulttosynchronize
supplyanddemand
(In general) cannot be
patented

23. Meaning and Concept of Services
Background on taxation on services
Dr.Manmohan SinghthethenFinanceMinisterinhis
budgetspeechforthefinancialyear1994-95,emphasizedtheneedfor
servicetax.
23

24. Meaning and Concept of Services
Background on taxation on services
TheprovisionsrelatingtoServiceTaxwerebroughtintoforcewith
effectfromJuly1,1994videchapterVoftheFinanceAct,1994.It
extendedtothewholeofIndiaexcepttheStateofJammuand
Kashmir.Entry97ofList-IofScheduleVIIoftheConstitutionof
IndiaextendedtheconstitutionalrightstotheCentralGovernment
tolevyservicetax.TheGovernmentofIndia,throughthe
DepartmentofRevenueadministeredthelevyandcollectionof
servicetaxinIndia.Theservicetaxbeinganindirecttax,its
administrativecontrolwasvestedwiththeCentralBoardofExcise
&Customs(CBEC).
24

25. Meaning and Concept of Services
Background on taxation on services
From3servicesin1994toanegativelistregime
Theservicetaxregimestartedwith3servicesunderthetaxnet
in1994andprogressivelyincreasedto119differentservicesin
2011-12.From1July2012,theconceptoftaxationonservices
waschangedfromaPositiveListofservicesapproachtoa
'NegativeListregime'.Thischangedthetaxationsystemof
servicesfromtaxonthespecifiedservicestotaxbeingleviedon
allservices,otherthanthosementionedintheNegativeListor
whichwereexemptedbyanotification.
25

26. Meaning and Concept of Services
LEGAL MEANING
•Finance Act, 1994 (Service Tax ‘Act’) till
June 2012
•Finance Act, 1994 (Service Tax ‘Act’) from
July 2012
•CGST Act, 2017
26

27. Meaning and Concept of Services
LEGAL MEANING -till June 2012
Section65oftheFinanceAct,1994providedtheverydetailed
andalmostexhaustivedefinitionof‘services’and‘taxable
services’:
Section65.Definitions]–
InthisChapter,unlessthecontextotherwiserequires,--
(1)"actuary"hasthemeaningassignedtoitinclause(1)ofsection2of
theInsuranceAct,1938(4of1938);
(2)"advertisement"includesanynotice,circular,label,wrapper,
document,hoardingoranyotheraudioorvisualrepresentationmade
bymeansoflight,sound,smokeorgas;
…………..
27

28. Meaning and Concept of Services
LEGAL MEANING -till June 2012
(6)"architect"meansanypersonwhosenameis,forthe
timebeing,enteredintheregisterofarchitectsmaintained
undersection23oftheArchitectAct,1972(20of1972)
andalsoincludesanycommercialconcernengagedinany
manner,whetherdirectlyorindirectly,inrendering
servicesinthefieldofarchitecture;
*
*
28

29. Meaning and Concept of Services
(105)"taxableservice"meansany7[serviceprovidedortobeprovided
],-
(a)[toanyperson],byastock-brokerinconnectionwiththesaleor
purchaseofsecuritieslistedonarecognizedstockexchange;
[(b)(Omitted)
(c)(Omitted)]
(d)toa[policyholderoranyperson],byan[insurer,includingre-
insurer]carryingongeneralinsurancebusinessinrelationtogeneral
insurancebusinesses;
*
29

30. Meaning and Concept of Services
(105)"taxableservice"meansany7[serviceprovidedortobeprovided],-
(z)12[toanyperson],byanunderwriterinrelationtounderwriting,inany
manner;
(za)13[toanyperson],byascientistortechnocratoranyscienceor
technologyinstitutionororganization,inrelationtoscientificortechnical
consultancy;
(zb)14[toanyperson],byaphotographystudiooragencyinrelationto
photography,inanymanner;
*
*
30

31. Meaning and Concept of Services
(105)"taxableservice"meansany7[serviceprovidedortobeprovided],-
(zzzzv)toanyperson,byarestaurant,bywhatevernamecalled,
havingthefacilityofair-conditioninginanyparttheestablishment,
atanytimeduringthefinancialyear,whichhaslicencetoserve
alcoholicbeverages,inrelationtoservingoffoodorbeverage,
includingalcoholicbeveragesorboth,initspremises;
(zzzzw)toanyperson,byahotel,inn,guesthouse,clubor
campsite,bywhatevernamecalled,forprovidingofaccommodation
foracontinuousperiodoflessthanthreemonths;]
*
31

32. Meaning and Concept of Services
LEGALMEANING-tillJune2012
Section65(120)“video-tapeproduction”meansthe
processofanyrecordingofanyprogramme,eventor
functiononamagnetictapeoronanyothermediaor
deviceandincludesservicesrelatingtheretosuchas
editing,cutting,colouring,dubbing,titleprinting,
impartingspecialeffects,processing,adding,modifyingor
deletingsound,transferringfromonemediaordeviceto
another,orundertakinganyvideopost-production
activity,inanymanner;]
32

33. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
•Section65B-Interpretations
•Section66D-NegativeList
•Section66E-DeclaredServices
•MegaExemptionNotificationNo.25/2012
33

34. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Section65B-Interpretations
(44)“service”meansanyactivitycarriedoutbyapersonforanotherfor
consideration,andincludesadeclaredservice,butshallnotinclude—
(a)anactivitywhichconstitutesmerely,—
(i)atransferoftitleingoodsorimmovableproperty,bywayofsale,
giftorinanyothermanner;or
(ii)suchtransfer,deliveryorsupplyofanygoodswhichisdeemedto
beasalewithinthemeaningofclause(29A)ofarticle366ofthe
Constitution;or
(iii)atransactioninmoneyoractionableclaim;
34

35. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Section65B-Interpretations(44)
(b)aprovisionofservicebyanemployeetotheemployerinthecourseof
orinrelationtohisemployment;
(c)feestakeninanyCourtortribunalestablishedunderanylawforthe
timebeinginforce.
Explanation1.—Fortheremovalofdoubts,itisherebydeclaredthat
nothingcontainedinthisclauseshallapplyto,—
(A)thefunctionsperformedbytheMembersofParliament,Membersof
StateLegislative,MembersofPanchayats,MembersofMunicipalitiesand
Membersofotherlocalauthoritieswhoreceiveanyconsiderationin
performingthefunctionsofthatofficeassuchmember;or
35

36. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Section65B-Interpretations(44)
(B)thedutiesperformedbyanypersonwhoholdsanypostin
pursuanceoftheprovisionsoftheConstitutioninthatcapacity;
or
(C)thedutiesperformedbyanypersonasaChairpersonora
MemberoraDirectorinabodyestablishedbytheCentral
GovernmentorStateGovernmentsorlocalauthorityandwhois
notdeemedasanemployeebeforethecommencement ofthis
section.
36

37. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Section65B-Interpretations(44)
‘Explanation2.-Forthepurposesofthisclause,theexpression
“transactioninmoneyoractionableclaim”shallnotinclude—
(i)anyactivityrelatingtouseofmoneyoritsconversionbycashorby
anyothermode,fromoneform,currencyordenomination,toanother
form,currencyordenominationforwhichaseparateconsiderationis
charged;
(ii)anyactivitycarriedout,foraconsideration,inrelationto,orfor
facilitationof,atransactioninmoneyoractionableclaim,includingthe
activitycarriedout—
37

38. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Section65B-Interpretations(44)
(a)byalotterydistributororsellingagentonbehalfoftheState
Government,inrelationtopromotion,marketing,organising,sellingof
lotteryorfacilitatinginorganisinglotteryofanykind,inanyother
manner,inaccordancewiththeprovisionsoftheLotteries(Regulation)
Act,1998;.(FinanceAct2016)
(b)byaforemanofchitfundforconductingororganisingachitinany
manner.;
38

39. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Section65B-Interpretations(44)
Explanation3.—ForthepurposesofthisChapter,—
(a)anunincorporatedassociationorabodyofpersons,asthecasemay
be,andamemberthereofshallbetreatedasdistinctpersons;
(b)anestablishmentofapersoninthetaxableterritoryandanyofhis
otherestablishmentinanon-taxableterritoryshallbetreatedas
establishmentsofdistinctpersons.
Explanation4.—Apersoncarryingonabusinessthroughabranch
oragencyorrepresentationalofficeinanyterritoryshallbetreatedas
havinganestablishmentinthatterritory;
39

40. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66E.Declaredservices.—Thefollowingshallconstitute
declaredservices,namely:—
(a)rentingofimmovableproperty
(b)constructionofacomplex,building,civilstructureorapartthereof,includinga
complexorbuildingintendedforsaletoabuyer,whollyorpartly,exceptwherethe
entireconsiderationisreceivedafterissuanceofcompletion-certificatebythe
competentauthority.
Explanation.—Forthepurposesofthisclause,—
(I)theexpression“competentauthority”meanstheGovernmentoranyauthority
authorisedtoissuecompletioncertificateunderanylawforthetimebeinginforce
andincaseofnon-requirementofsuchcertificatefromsuchauthority,fromanyof
thefollowing,namely:—
40

41. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66E.Declaredservices.—
(A)architectregisteredwiththeCouncilofArchitectureconstitutedunder
theArchitectsAct,1972(20of1972);or
(B)charteredengineerregisteredwiththeInstitutionofEngineers(India);
or
(C)licensedsurveyoroftherespectivelocalbodyofthecityortownor
villageordevelopmentorplanningauthority;
(II)theexpression“construction”Includesadditions,alterations,
replacementsorremodellingofanyexistingcivilstructure;
(c)temporarytransferorpermittingtheuseorenjoymentofanyintellectual
propertyright;
41

42. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66E.Declaredservices.—
(d)development,design,programming, customization,adaptation,
upgradation,enhancement,implementationofinformationtechnology
software;
(e)agreeingtotheobligationtorefrainfromanact,ortotolerateanactora
situation,ortodoanact;
(f)transferofgoodsbywayofhiring,leasing,licensingorinanysuch
mannerwithouttransferofrighttousesuchgoods;
(g)activitiesinrelationtodeliveryofgoodsonhirepurchaseoranysystem
ofpaymentbyinstalments;
42

43. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66E.Declaredservices.—
(h)serviceportionintheexecutionofaworkscontract;
(i)serviceportioninanactivitywhereingoods,beingfood
oranyotherarticleofhumanconsumptionoranydrink
(whetherornotintoxicating)issuppliedinanymanneras
apartoftheactivity.
(j)assignmentbytheGovernmentoftherighttousethe
radio-frequencyspectrumandsubsequenttransfers
thereof.
43

44. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
Thenegativelistshallcompriseofthefollowingservices,namely:—
(a)servicesbyGovernmentoralocalauthorityexcludingthefollowing
servicestotheextenttheyarenotcoveredelsewhere—
(i)servicesbytheDepartmentofPostsbywayofspeedpost,express
parcelpost,lifeinsuranceandagencyservicesprovidedtoapersonother
thanGovernment;
(ii)servicesinrelationtoanaircraftoravessel,insideoroutsidethe
precinctsofaportoranairport;
(iii)transportofgoodsorpassengers;or
(iv)Anyservice,otherthanservicescoveredunderclauses(i)to(iii)above,
providedtobusinessentities;
44

45. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
(b)servicesbytheReserveBankofIndia;
(c)servicesbyaforeigndiplomaticmissionlocatedinIndia;
(d)servicesrelatingtoagricultureoragriculturalproducebywayof—
(i)agriculturaloperationsdirectlyrelatedtoproductionofanyagriculturalproduce
includingcultivation,harvesting,threshing,plantprotectionor[***]testing;
(ii)supplyoffarmlabour;
(iii)processescarriedoutatanagriculturalfarmincludingtending,pruning,cutting,
harvesting,drying,cleaning,trimming,sundrying,fumigating,curing,sorting,
grading,coolingorbulkpackagingandsuchlikeoperationswhichdonotalterthe
essentialcharacteristicsofagriculturalproducebutmakeitonlymarketableforthe
primarymarket;
45

46. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
(iv)rentingorleasingofagromachineryorvacantlandwithorwithout
astructureincidentaltoitsuse;
(v)loading,unloading,packing,storageorwarehousingofagricultural
produce;
(vi)agriculturalextensionservices;
(vii)servicesbyanyAgriculturalProduceMarketingCommitteeor
Boardorservicesprovidedbyacommissionagentforsaleorpurchase
ofagriculturalproduce;
(e)tradingofgoods;
46

47. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
(f)[****].;anyprocessamountingtomanufactureorproductionofgoods;
(g)sellingofspaceforadvertisementsinprintmedia;
(h)servicebywayofaccesstoaroadorabridgeonpaymentoftollcharges;
(i)betting,gamblingorlottery;
Explanation.-Forthepurposesofthisclause,theexpression“betting,
gamblingorlottery”shallnotincludetheactivityspecifiedinExplanation2
toclause(44)ofsection65B;
(j)[****]admissiontoentertainmenteventsoraccesstoamusement
facilities;
(k)transmissionordistributionofelectricitybyanelectricitytransmission
ordistributionutility;
47

48. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
(l)[****]servicesbywayof—
(i)pre-schooleducationandeducationuptohighersecondaryschoolorequivalent;
(ii)educationasapartofacurriculumforobtainingaqualificationrecognisedby
anylawforthetimebeinginforce;
(iii)educationasapartofanapprovedvocationaleducationcourse;
(m)servicesbywayofrentingofresidentialdwellingforuseasresidence;
(n)servicesbywayof—
(i)extendingdeposits,loansoradvancesinsofarastheconsiderationisrepresented
bywayofinterestordiscount;
(ii)intersesaleorpurchaseofforeigncurrencyamongstbanksorauthorizeddealers
offoreignexchangeoramongstbanksandsuchdealers;
48

49. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
(o)serviceoftransportationofpassengers,withorwithoutaccompanied
belongings,by—
(i)[****]astagecarriage;
(ii)railwaysinaclassotherthan—
(A)firstclass;or
(B)anair-conditionedcoach;
(iii)metro,monorailortramway,
(iv)inlandwaterways;
(v)publictransport,otherthanpredominantlyfortourismpurpose,ina
vesselbetweenplaceslocatedinIndia;and
(vi)meteredcabsorautorickshaws
49

50. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
SECTION66D.Negativelistofservices.—
(p)servicesbywayoftransportationofgoods—
(i)byroadexcepttheservicesof—
(A)agoodstransportationagency;or
(B)acourieragency;
(ii)[***]byanaircraftoravesselfromaplaceoutsideIndiatothe
firstcustomsstationoflandinginIndia;or
(iii)byinlandwaterways;
(q)funeral,burial,crematoriumormortuaryservicesincluding
transportationofthedeceased.
50

51. Meaning and Concept of Services
LEGALMEANING-fromJuly2012(NegativeListRegime)
Besidesthenegativelistofservices,amega
exemptionNotificationNo.25/2012-ST
dated20.06.2012alsoprovidedadetailed
listofserviceswhichwereexemptedfrom
servicetax.
51

52. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
(102)―servicesmeansanythingotherthangoods,money
andsecuritiesbutincludesactivitiesrelatingtotheuseof
moneyoritsconversionbycashorbyanyothermode,
fromoneform,currencyordenomination,toanother
form,currencyordenominationforwhichaseparate
considerationischarged;
[Explanation.––For the removal of doubts, it is hereby
clarified that the expression ―servicesincludes facilitating
or arranging transactions in securities;]
52

53. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
ENLARGING THESCOPEOFTHETERMS‘GOODS’AND‘SERVICES’:
7.Scopeofsupply.—(1)ForthepurposesofthisAct,the
expression―supplyincludes––
(a)allformsofsupplyofgoodsorservicesorbothsuchassale,
transfer,barter,exchange,licence,rental,leaseordisposal
madeoragreedtobemadeforaconsiderationbyapersonin
thecourseorfurtheranceofbusiness;
[(aa)theactivitiesortransactions,byaperson,otherthanan
individual,toitsmembersorconstituentsorvice-versa,for
cash,deferredpaymentorothervaluableconsideration.
53

54. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
ENLARGING THESCOPEOFTHETERMS‘GOODS’AND‘SERVICES’:
Explanation.––Forthepurposesofthisclause,itishereby
clarifiedthat,notwithstandinganythingcontainedinanyother
lawforthetimebeinginforceoranyjudgment,decreeororder
ofanyCourt,tribunalorauthority,thepersonanditsmembers
orconstituentsshallbedeemedtobetwoseparatepersonsand
thesupplyofactivitiesortransactionsinterseshallbedeemed
totakeplacefromonesuchpersontoanother;]12
(b)importofservicesforaconsiderationwhetherornotinthe
courseorfurtheranceofbusiness;[and]13
54

55. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
ENLARGING THE SCOPE OFTHE TERMS ‘GOODS’ AND
‘SERVICES’:
(c)theactivitiesspecifiedinScheduleI,madeoragreedtobemade
withoutaconsideration;[****]14
(d)[*****]15.
[(1A)wherecertainactivitiesortransactionsconstituteasupplyin
accordancewiththeprovisionsofsub-section(1),theyshallbetreated
eitherassupplyofgoodsorsupplyofservicesasreferredtoin
ScheduleII.]
55

56. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
ENLARGING THESCOPEOFTHETERMS‘GOODS’AND‘SERVICES’:
(2) Notwithstanding anything contained in sub-
section (1),––
(a) activities or transactions specified in Schedule III;
or
(b) such activities or transactions undertaken by the
Central Government, a State Government or any local
authority in which they are engaged as public
authorities, as may be notified by the Government on
the recommendations of the Council,
shall be treated neither as a supply of goods nor a
supply of services.
56

57. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
ENLARGING THE SCOPE OFTHE TERMS ‘GOODS’ AND
‘SERVICES’:
(3) Subject to the provisions of [sub-sections (1), (1A) and
(2)], the Government may, on the recommendations of the
Council, specify, by notification, the transactions that are
to be treated as—
(a) a supply of goods and not as a supply of services; or
(b) a supply of services and not as a supply of goods.
57

58. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
8.Taxliabilityoncomposite andmixed
supplies.—Thetaxliabilityonacompositeora
mixedsupplyshallbedeterminedinthefollowing
manner,namely:—
(a)acompositesupplycomprisingtwoormore
supplies,oneofwhichisaprincipalsupply,shallbe
treatedasasupplyofsuchprincipalsupply;and
(b)amixedsupplycomprisingtwoormoresupplies
shallbetreatedasasupplyofthatparticularsupply
whichattractsthehighestrateoftax.
58

59. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017
SCHEDULE I
[Seesection7]
ACTIVITIESTOBETREATED ASSUPPLYEVENIF
MADEWITHOUTCONSIDERATION
1.Permanenttransferordisposalofbusinessassets
whereinputtaxcredithasbeenavailedonsuchassets.
2.Supplyofgoodsorservicesorbothbetweenrelated
personsorbetweendistinctpersonsasspecifiedinsection
25,whenmadeinthecourseorfurtheranceofbusiness:
Providedthatgiftsnotexceedingfiftythousandrupeesin
valueinafinancialyearbyanemployertoanemployee
shallnotbetreatedassupplyofgoodsorservicesorboth.
59

60. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE I
3.Supplyofgoods—
(a)byaprincipaltohisagentwheretheagent
undertakestosupplysuchgoodsonbehalfofthe
principal;or
(b)byanagenttohisprincipalwheretheagent
undertakestoreceivesuchgoodsonbehalfofthe
principal.
4.Importofservicesbya[person]fromarelated
personorfromanyofhisotherestablishments
outsideIndia,inthecourseorfurtheranceof
business.
60

61. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-
SCHEDULE II[Seesection7]
ACTIVITIES[ORTRANSACTIONS] TOBETREATED ASSUPPLYOF
GOODSORSUPPLYOFSERVICES
1.Transfer
(a)anytransferofthetitleingoodsisasupplyofgoods;
(b)anytransferofrightingoodsorofundividedsharein
goodswithoutthetransferoftitlethereof,isasupplyof
services;
(c)anytransferoftitleingoodsunderanagreementwhich
stipulatesthatpropertyingoodsshallpassatafuture
dateuponpaymentoffullconsiderationasagreed,isa
supplyofgoods.
61

62. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
2.LandandBuilding
(a)anylease,tenancy,easement,licencetooccupylandis
asupplyofservices;
(b)anyleaseorlettingoutofthebuildingincludinga
commercial,industrialorresidentialcomplexforbusiness
orcommerce,eitherwhollyorpartly,isasupplyof
services.
3.Treatmentorprocess
Anytreatmentorprocesswhichisappliedtoanother
person'sgoodsisasupplyofservices.
62

63. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
4.Transferofbusinessassets
(a)wheregoodsformingpartoftheassetsofabusiness
aretransferredordisposedofbyorunderthedirectionsof
thepersoncarryingonthebusinesssoasnolongerto
formpartofthoseassets,suchtransferordisposalisa
supplyofgoodsbytheperson;
(b)where,byorunderthedirectionofapersoncarrying
onabusiness,goodsheldorusedforthepurposesofthe
businessareputtoanyprivateuseorareused,ormade
availabletoanypersonforuse,foranypurposeother
thanapurposeofthebusiness,theusageormaking
availableofsuchgoodsisasupplyofservices;
63

64. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
4.Transferofbusinessassets
(c)whereanypersonceasestobeataxableperson,any
goodsformingpartoftheassetsofanybusinesscarried
onbyhimshallbedeemedtobesuppliedbyhiminthe
courseorfurtheranceofhisbusinessimmediatelybefore
heceasestobeataxableperson,unless—
(i)thebusinessistransferredasagoingconcernto
anotherperson;or
(ii)thebusinessiscarriedonbyapersonalrepresentative
whoisdeemedtobeataxableperson.
64

65. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
5.Supplyofservices
Thefollowingshallbetreatedassupplyofservices,
namely:—
(a)rentingofimmovableproperty;
(b)constructionofacomplex,building,civilstructureora
partthereof,includingacomplexorbuildingintendedfor
saletoabuyer,whollyorpartly,exceptwheretheentire
considerationhasbeenreceivedafterissuanceof
completioncertificate,whererequired,bythecompetent
authorityorafteritsfirstoccupation,whicheverisearlier.
65

66. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
5.Supplyofservices
Explanation.—Forthepurposesofthisclause—
(1)theexpression"competentauthority"meanstheGovernment
oranyauthorityauthorisedtoissuecompletioncertificateunder
anylawforthetimebeinginforceandincaseofnon-
requirementofsuchcertificatefromsuchauthority,fromanyof
thefollowing,namely:—
(i)anarchitectregisteredwiththeCouncilofArchitecture
constitutedundertheArchitectsAct,1972;or
(ii)acharteredengineerregisteredwiththeInstitutionof
Engineers(India);or
66

67. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
5.Supplyofservices
(iii)alicensedsurveyoroftherespectivelocalbodyof
thecityortownorvillageordevelopmentorplanning
authority;
(2)theexpression"construction"includesadditions,
alterations,replacementsorremodellingofany
existingcivilstructure;
(c)temporarytransferorpermittingtheuseor
enjoymentofanyintellectualpropertyright;
67

68. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
5.Supplyofservices
(d)development,design,programming,customisation,
adaptation,upgradation,enhancement,implementationof
informationtechnologysoftware;
(e)agreeingtotheobligationtorefrainfromanact,orto
tolerateanactorasituation,ortodoanact;and
(f)transferoftherighttouseanygoodsforanypurpose
(whetherornotforaspecifiedperiod)forcash,deferred
paymentorothervaluableconsideration.
68

69. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE II
6.CompositesupplyThefollowingcompositesupplies
shallbetreatedasasupplyofservices,namely:—
(a)workscontractasdefinedinclause(119)ofsection2;
and
(b)supply,bywayoforaspartofanyserviceorinany
othermannerwhatsoever,ofgoods,beingfoodorany
otherarticleforhumanconsumptionoranydrink(other
thanalcoholicliquorforhumanconsumption),where
suchsupplyorserviceisforcash,deferredpaymentor
othervaluableconsideration.
7.[*********]146
69

70. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-
SCHEDULE III[Seesection7]
ACTIVITIES OR TRANSACTIONS WHICH
SHALLBETREATED NEITHERASASUPPLY
OFGOODSNORASUPPLYOFSERVICES
1.Servicesbyanemployeetotheemployerinthe
courseoforinrelationtohisemployment.
2.ServicesbyanycourtorTribunalestablished
underanylawforthetimebeinginforce.
70

71. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE III
3.(a)thefunctionsperformedbytheMembersof
Parliament,MembersofStateLegislature,Membersof
Panchayats,MembersofMunicipalitiesandMembersof
otherlocalauthorities;
(b)thedutiesperformedbyanypersonwhoholdsanypost
inpursuanceoftheprovisionsoftheConstitutioninthat
capacity;or
(c)thedutiesperformedbyanypersonasaChairperson
oraMemberoraDirectorinabodyestablishedbythe
CentralGovernmentoraStateGovernmentorlocal
authorityandwhoisnotdeemedasanemployeebefore
thecommencement ofthisclause.
71

72. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE III
4.Servicesoffuneral,burial,crematoriumor
mortuaryincludingtransportationofthedeceased.
5.Saleoflandand,subjecttoclause(b)ofparagraph
5ofScheduleII,saleofbuilding.
6.Actionableclaims,otherthanlottery,bettingand
gambling.
7.[Supplyofgoodsfromaplaceinthenon-taxable
territorytoanotherplaceinthenon-taxableterritory
withoutsuchgoodsenteringintoIndia.
72

73. Meaning and Concept of Services
LEGALMEANING-InSGST/CGSTAct,2017-SCHEDULE III
8.(a)Supplyofwarehousedgoodstoanypersonbefore
clearanceforhomeconsumption;
(b)Supplyofgoodsbytheconsigneetoanyotherperson,by
endorsementofdocumentsoftitletothegoods,afterthegoods
havebeendispatchedfromtheportoforiginlocatedoutside
Indiabutbeforeclearanceforhomeconsumption.]147
Explanation[1]148.—Forthepurposesofparagraph2,the
term"court"includesDistrictCourt,HighCourtandSupreme
Court.
[Explanation2.––Forthepurposesofparagraph8,the
expression―warehousedgoodsshallhavethesamemeaningas
assignedtoitintheCustomsAct,1962.]
73

74. Meaning and Concept of Services
MORETONEITHERSUPPLYOFGOODSNOROFSERVICES
Section7(2):
NotificationNo.14/2017-CT(Rate)dated28.06.2017
asamended
Thefollowingactivitiesortransactionsundertakenbythe
CentralGovernmentorStateGovernmentorUnion
territoryoranylocalauthorityinwhichtheyareengaged
aspublicauthority,shallbetreatedneitherasasupplyof
goodsnorasupplyofservice,namely:-
“Servicesbywayofanyactivityinrelationtoafunction
entrustedtoaPanchayatunderarticle243Gofthe
ConstitutionortoaMunicipalityunderarticle243Wof
theConstitution.”
74

75. Meaning and Concept of Services
MORETONEITHERSUPPLYOFGOODSNOROFSERVICES
TWELFTH SCHEDULE (ARTICLE243W)
1.Urbanplanningincludingtownplanning.
2.Regulationofland-useandconstructionof
buildings.
3.Planningforeconomicandsocialdevelopment.
4.Roadsandbridges.
5.Watersupplyfordomestic,industrialand
commercialpurposes.
6.Publichealth,sanitationconservancyandsolid
wastemanagement.
7.Fireservices.
75

76. Meaning and Concept of Services
MORETONEITHERSUPPLYOFGOODSNOROFSERVICES
TWELFTH SCHEDULE (ARTICLE243W)
8.Urbanforestry,protectionoftheenvironmentand
promotionofecologicalaspects.
9.Safeguardingtheinterestsofweakersectionsof
society,includingthehandicappedandmentally
retarded.
10.Slumimprovementandupgradation.
11.Urbanpovertyalleviation.
12.Provisionofurbanamenitiesandfacilitiessuch
asparks,gardens,playgrounds.
76

77. Meaning and Concept of Services
MORETONEITHERSUPPLYOFGOODSNOROFSERVICES
TWELFTH SCHEDULE (ARTICLE243W)
13.Promotionofcultural,educationalandaesthetic
aspects.
14.Burialsandburialgrounds;cremations,
cremationgrounds;andelectriccrematoriums.
15.Cattlepounds;preventionofcrueltytoanimals.
16.Vitalstatisticsincludingregistrationofbirthsand
deaths.
17.Publicamenitiesincludingstreetlighting,parking
lots,busstopsandpublicconveniences.
18.Regulationofslaughterhousesandtanneries.
77

78. Explanation of some terms used
ACTIONABLE CLAIMS[Section3ofTheTransferofPropertyAct,
1882]
“actionableclaim”meansaclaimtoanydebt,otherthanadebt
securedbymortgageofimmoveablepropertyorbyhypothecationor
pledgeofmoveableproperty,ortoanybeneficialinterestinmoveable
propertynotinthepossession,eitheractualorconstructive,ofthe
claimant,whichtheCivilCourtsrecognizeasaffordinggroundsfor
relief,whethersuchdebtorbeneficialinterestbeexistent,accruing,
conditionalorcontingent.
Actionableclaimmeansaclaimforanydebtwhichisrelatedtoany
benefitarisingoutfromanymovablepropertywhichisnotin
possessionandforwhichreliefcanbeclaimedincivilcourt.
78

79. Explanation of some terms used
Transferofactionableclaimtakeseffectonlyafter
executionandsigningoftheinstrument.Afterexecution,
alltherightsandremediesofthetransferorvestinthe
assignee.TheAssignee(transferee)becomesentitledto
recovertheclaimsandsueinhisownname.
Examples:
•InsurancePolicywhichisnotsecuredbywayof
mortgageorhypothecationorpledge
•Claimforarrearofrentisactionableclaimsinceitis
notsecuredonanything.
•Righttoclaimprovidentfund
•Claimforunsecureddebt
•Claiminprofitbypartnerinfirm
79

80. Explanation of some terms used
MONEY
Section2(75)―moneymeanstheIndianlegaltender
oranyforeigncurrency,cheque,promissorynote,bill
ofexchange,letterofcredit,draft,payorder,traveller
cheque,moneyorder,postalorelectronicremittance
oranyotherinstrumentrecognisedbytheReserve
BankofIndiawhenusedasaconsiderationtosettle
anobligationorexchangewithIndianlegaltenderof
anotherdenominationbutshallnotincludeany
currencythatisheldforitsnumismaticvalue;
80

81. Explanation of some terms used
'Stocks'representstheholder'spart-ownershipinoneor
severalcompanies.Meanwhile,'share'referstoasingle
unitofownershipinacompany.Forexample,ifXhas
investedinstocks,itcouldmeanthatXhasaportfolioof
sharesacrossdifferentcompanies.
Stocksareatypeofsecuritythatgivesstockholdersa
shareofownershipinacompany.Stocksalsoarecalled
“equities.”
Likestocks,mutualfundsareconsideredequity
securitiesbecauseinvestorspurchasesharesthat
correlatetoanownershipstakeinthefundasawhole.
81

82. Explanation of some terms used
SecuritiesContracts(Regulation)Act,1956
Section2(h)“securities”include—
(i)shares,scrips,stocks,bonds,debentures,debenturestockorothermarketablesecurities
ofalikenatureinorofanyincorporatedcompanyorotherbodycorporate;
(ia)derivative;
(ib)unitsoranyotherinstrumentissuedbyanycollectiveinvestmentschemetothe
investorsinsuchschemes;]
(ic)securityreceiptasdefinedinclause(zg)ofsection2oftheSecuritisationand
ReconstructionofFinancialAssetsandEnforcementofSecurityInterestAct,2002;]
(id)unitsoranyothersuchinstrumentissuedtotheinvestorsunderanymutualfund
scheme;]
(ii)Governmentsecurities;
(iia)suchotherinstrumentsasmaybedeclaredbytheCentralGovernmenttobesecurities;
and
(iii)rightsorinterestinsecurities;
82

83. Explanation of some terms used
Securitiesarefungibleandtradablefinancial
instrumentsusedtoraisecapitalinpublicand
privatemarkets.Thereareprimarilythreetypesof
securities:equity—whichprovidesownershiprights
toholders;debt—essentiallyloansrepaidwith
periodicpayments;andhybrids—whichcombine
aspectsofdebtandequity.
Adebentureisamarketablesecurity(atypeof
investment)issuedbyabusinessorother
organizationtoraisemoneyforlong-termactivities
andgrowth.Itisaformofdebtcapital
83

84. Explanation of some terms used
WORKSCONTRACT:
RajasthanSalesTaxAct,1944
Section2(45)"workscontract"meansacontractforworksand
labourorservicesinvolvingtransferofpropertyingoods
(whetherasgoodsorinsomeotherform)initsexecution;
RajasthanVATAct,2003
Section2(44)workscontract”meansacontractforcarryingout
anyworkwhichincludesassembling,construction,building,
altering,manufacturing,processing,fabricating,erection,
installation,fittingout,improvement,repairorcommissioning
ofanymovableorimmovableproperty;]
84

85. Explanation of some terms used
WORKSCONTRACT:
FinanceAct,1994(ServiceTax)
Section65B(54)“workscontract”meansacontract
whereintransferofpropertyingoodsinvolvedinthe
executionofsuchcontractisleviabletotaxassaleof
goodsandsuchcontractisforthepurposeofcarryingout
construction,erection,commissioning, installation,
completion,fittingout,repair,maintenance,renovation,
alterationofanymovableorimmovablepropertyorfor
carryingoutanyothersimilaractivityorapartthereofin
relationtosuchproperty;
85

86. Explanation of some terms used
WORKSCONTRACT:
SGST/CGSTACT,2017
Section2(119)―workscontractmeansacontractfor
building,construction,fabrication,completion,
erection,installation,fittingout,improvement,
modification,repair,maintenance, renovation,
alterationorcommissioningofanyimmovable
propertywhereintransferofpropertyingoods
(whetherasgoodsorinsomeotherform)isinvolved
intheexecutionofsuchcontract;
(Works Contract is a composite supply (supply of goods and service both) as per
Schedule II to the Act.)
86

87. Explanation of some terms used
INTELLECTURAL PROPERTY RIGHT
Intellectualpropertyrights(IPR)refertothelegal
rightsgiventotheinventororcreatortoprotecthis
inventionorcreationforacertainperiodoftime.
•Copyright
•Patent
•Trademarks
•Designs
•GeographicalIndications
87

88. Explanation of some terms used
RELATED PERSON
Explanation to Section 15 of the Act:
Explanation.—For the purposes of this Act,––
(a) persons shall be deemed to be ―related persons‖if––
(i) such persons are officers or directors of one another’s
businesses;
(ii) such persons are legally recognised partners in
business;
(iii) such persons are employer and employee;
(iv) any person directly or indirectly owns, controls or
holds twenty-five per cent. or more of the outstanding
voting stock or shares of both of them;
88

89. Explanation of some terms used
RELATED PERSON
(v) one of them directly or indirectly controls the other;
(vi) both of them are directly or indirectly controlled by a
third person;
(vii) together they directly or indirectly control a third
person; or
(viii) they are members of the same family;
(b) the term ―person also includes legal persons;
(c) persons who are associated in the business of one
another in that one is the sole agent or sole distributor or
sole concessionaire, howsoever described, of the other,
shall be deemed to be related.
89

90. Explanation of some terms used
DISTINCT PERSON
Section 25
(4) A person who has obtained or is required to obtain more
than one registration, whether in one State or Union territory or
more than one State or Union territory shall, in respect of each
such registration, be treated as distinct persons for the
purposes of this Act.
(5) Where a person who has obtained or is required to obtain
registration in a State or Union territory in respect of an
establishment, has an establishment in another State or Union
territory, then such establishments shall be treated as
establishments of distinct persons for the purposes of this Act.
90

91. TAXATION OF GOODS AND SERVICES
GSTRATEONSUPPLYOFGOODSANDSERVICESORBOTH
GOODS
NotificationNo.1/2017-CentralTax(Rate)dated28.06.2017asamended
TherulesfortheinterpretationoftheFirstScheduletotheCustomsTariffAct,1975
(51of1975),includingtheSectionandChapterNotesandtheGeneralExplanatory
NotesoftheFirstScheduleshall,sofarasmaybe,applytotheinterpretationofthis
notification.
SERVICES
NotificationNo.11/2017-CentralTax(Rate)dated28.06.2017asamended
TheSchemeofClassificationofServicesadoptedforthepurposesofGSTisamodified
versionoftheUnitedNationsCentralProductClassification.
91

92. REFERENCES
1.TheRajasthanSalesTaxAct,1994
2.RajasthanVATAct,2003
3.CentralExciseAct,1944
4.CENVATCreditRules,2004
5.FinanceAct,1994(ChapterV)[ServiceTax]
6.NotificationNo.25/2012-ST
7.SGST/CGSTAct,2017
8.NotificationNo.1/2017-CentralTax(Rate)dated28.06.2017
9.TheCustomsAct,1962
10.NotificationNo.11/2017-CentralTax(Rate)dated28.06.2017
11.ExplanatorynotesonclassificationofServicesbasedonUnited
NationsCentralProductClassification
92

93. QUIZ
Pleaseanswerthe10questionsinthedistributed
QuizSheetin15minutes.
Youcantakehelpofwhateverresourceisinreach
andevendiscusswithfriends.
93

94. QUESTIONS???
94

95. Youmayreachmeat:
WhatsApp:[phone]
E-mail:
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95

96. THANKS
96