Section Section 2(17) of CGST Act i.e. Definition of Business as per CGST Act

Financial Year: 2017

Section 2(17) Business:-

 

 “business” includes:-

 

(a)        any trade,

commerce,

manufacture,

profession,

vocation,

adventure,

wager 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 sub-clause (a);

 

(c)        any activity or transaction in the nature of sub-clause (a),

            whether or not

             there is volume,

             frequency,

             continuity or regularity of such transaction;

 

(d)        supply or acquisition of

goods including capital goods

and services in connection with

commencement or closure of business

 

(e)         provision by a club,

association,

society, or any such body

(for a subscription or any other consideration)

of the facilities or benefits to its members;

 

(f)         admission,

for a consideration,

of persons to any premises;

 

(g)         services supplied

by a person

as the holder of an office

which has been accepted by him

in the course or furtherance of his

trade, profession or vocation;

 

(h)         services provided by a race club

by way of totalisator

or a licence to book maker in such club ; and

 

(i)         any activity or transaction

undertaken by the Central Government,

a State Government

or any local authority

in which they are engaged as public authorities;

 

Thanks

CA Rahul Gupta