Services -Section 2(92) of Revised Draft Model GST Law
Services – Section 2(92) of Revised Draft Model GST Law [ Nov 2016]
Key Point | Draft Model GST Law
| Revised Draft Model
|
Month of Release | June 2016 | November 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 :-
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 ]
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