CGST Sections 2(31) to 2(40): Definitions

Definitions of various important terms under Sections 2(31) to 2(40) of the CGST Act, 2017, unless the context otherwise requires:

Section 2(31): Consideration in relation to the supply of goods or services or both includes-

(a) any payment made or to be made, whether in money or otherwise, in respect of, in response to, or for the inducement of, the supply of goods or services or both, whether by the recipient or by any other person but shall not include any subsidy given by the Central Government or a State Government;

(b) the monetary value of any act or forbearance, in respect of, in response to, or for the inducement of, the supply of goods or services or both, whether by the recipient or by any other person but shall not include any subsidy given by the Central Government or a State Government.

Provided that a deposit given in respect of the supply of goods or services or both shall not be considered as payment made for such supply unless the supplier applies such deposit as consideration for the said supply.

Section 2(32): Continuous Supply of Goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify.

Section 2(33): Continuous Supply of Services means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding three months with periodic payment obligations and includes supply of such services as the Government may, subject to such conditions, as it may, by notification, specify.

Section 2(34): Conveyance includes a vessel, an aircraft and a vehicle.

Section 2(35): Cost Accountant means a cost accountant as defined in clause (b) [*2] of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959.

Section 2(36): Council means the Goods and Services Tax Council established under article 279A of the Constitution.

Section 2(37): Credit Note means a document issued by a registered person under sub-section (1) of section 34.

Section 2(38): Debit note means a document issued by a registered person under sub-section (3) of section 34.

Section 2(39): Deemed Exports means such supplies of goods as may be notified under section 147.

Section 2(40): Designated Authority means such authority as may be notified by the Board.

Notes (History of Amendments in Bare Text):

1. CGST Section 2 introduced vide GOI Notification dated 12/04/2017, followed with CBEC Notification 1/2017 on commencement date of 22/06/2017.

2. In clause (35), the text ‘clause (b)’ substituted for the text ‘clause (c)’, vide Section 2(d) of the CGST (Amendment) Act, 2018, followed with Notification 2/2019 on commencement date of 01/02/2019.