Deemed Exports under GST

In continuation to our updates on definitions in Revised Model GST Law, we hereby discuss the definition of deemed exports which reads as follows:- “Deemed Exports”, as notified by the Central Government/State Government on the recommendation of the Council, refer to those transactions in which the … [Read more...]

Definition of Agriculture under GST

As the GST law has been revised, it is pertinent to note down what all issues still remain un-tackled or untouched. Also certain provisions are there which are yet again drafted in such a way that they would attract litigation. Here we are discussing two such provisions: Starting with the … [Read more...]

Definition of business under GST

2(17) Business: the new definition reads as follows: “Business includes – (a) Any trade, commerce, manufacture, profession, vocation or any other similar activity, whether or not it is for a pecuniary benefit; (b) Any activity or transaction in connection with or incidental or ancillary to (a) … [Read more...]