All posts by Priyanshi Gupta - 28. page

Professional Tax Consultant and Article Writer

Commissioner : “Commissioner” means the Commissioner of Central Goods and Services Tax /Commissioner of State Goods and Services Tax appointed under section 4 of the Central/State Goods and Services Tax Act, 2016.

Common portal : “Common portal” means the common GST electronic portal approved by the Central Government and State Governments, on the recommendation of the Council, for the specified purposes, as may be […]

Company secretary : “Company secretary” means a company secretary within the meaning of the Company Secretaries Act, 1980 (56 of 1980).

Composite supply : “Composite supply” means a supply consisting of – (a) two or more goods; (b) two or more services; or (c) a combination of goods and services provided […]

Business vertical : “Business vertical” shall have the meaning assigned to a ‘business segment’ in Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

Capital assets : “Capital assets” shall have the meaning as assigned to it in the Income Tax Act, 1961 (43 of 1961) but the said expression shall not include jewellery held […]

Capital goods : “Capital goods” means: – (A) the following goods, namely:- (i) all goods falling within Chapter 82, Chapter 84, Chapter 85, Chapter 90, heading 6805, grinding wheels and the […]

Casual taxable person : “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods and/or services in the course or furtherance of business whether as principal, agent or […]

Audit : “Audit” means detailed examination of records, returns and other documents maintained or furnished by the taxable person under this Act or rules made thereunder or under any other law for […]

Board : “Board” means the Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963.