Services Definition Changed under Revised Draft Model GST Law

By | November 28, 2016
(Last Updated On: November 28, 2016)

Services -Section 2(92) of Revised Draft Model GST Law

Services – Section 2(92) of Revised Draft Model GST Law [ Nov 2016]

Key PointDraft Model GST Law 

 

Revised Draft Model

 

Month  of Release June 2016November 2016
Services “services’’ means anything other than goods;

 

Explanation: Services include intangible property and actionable claim but does not

include money. [Section 2(88)]

services’’ means anything other than goods;

 

Explanation 1.- Services include transactions in money but does not include money

and securities;

 

Explanation 2.- Services does not include transaction in money other than an activity

relating to the use of money or 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.

. [Section 2(92)]

 


[Editor Note : New The Draft Model GST Law, Draft IGST Law and Draft Compensation Law which would be considered by the GST Council for approval are placed in the public domain for information of trade, industry and other stake holders. on 25.11.2016 :-

Draft Model GST Law,

Draft IGST Law and

Draft Compensation Law ]

Earlier, the Draft Model GST Law was put in public domain in the month of June, 2016 for comments  Download:  Old Draft Model GST Law -june 2016 ]

Taxable person- Section 10 of New Draft Model GST Law

GST compliance rating- Section 138 of New Draft Model GST Law

Anti-profiteering Measure – Section 163 of New Draft Model GST Law

Schedule V of New Draft Model GST Law -Person Liable to be Registered

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