Page 4 - Ch2_Supply
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01. Important Definitions:
CCP 12.01.01.00
Define the following terms as per GST Act:
1) Taxable territory & Non-taxable territory
2) Goods
3) Services
4) Recipient of Supply of goods and/or services (CA Inter MTP Oct 2020)
5) Deemed Distinct Person
6) Intra state Supply & Inter State Supply
7) Consideration
Answer :-
1) Taxable territory:
Ü As per Section 2(109), “Taxable territory” means the territory to which the provisions of the GST
Act apply (i.e. whole of territory of India).
Non-taxable territory:
Ü As per Section 2(79), “Non-taxable territory” means the territory which is outside the taxable
territory.
Authors Comment (Just for reference):
Sec India means
2(56) a) Territory of India as referred to in article 1 of Constitution (The territory of the Union of
India viz., state and the union territories).
b) Its Territorial Water, seabed and sub-soil underlying such waters, continental shelf,
exclusive economic zone or any other maritime zone as defined in the Territorial Waters,
Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976.
c) The air space above its territory and territorial waters.
Note: 1NM = 1.85 KM,
Territorial waters = upto 12NM from baseline,
Contiguous zone = upto 24NM & EEZ = 200NM
2) Goods:
As per section 2(52) of CGST Act, 2017, “Goods”
Ü means every kind of movable property
Ü other than money and securities but
Ü 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.
3) Services:
As per section 2(102) of CGST Act, 2017, “Services”
Ü means anything
Ü other than goods, money and securities but
Ü includes activities relating to:-
Ø the use of money or
Ø its conversion by cash or by any other mode, from one form, currency or denomination to
another form, currency or denomination for which a separate consideration is charged.
Explanation:-“Services” includes facilitating or arranging transactions in securities.
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