Definitions
1. Goods
means every kind of moveable property
other than money and securities
but includes actionable claim, growing crops,
grass and things attached to land agreed to be severed before supply
2. Services
means anything other than goods, money and
securities
but includes activities relating to use
of money or currency conversion for which a separate consideration is charged
3. Business
includes
a) any trade, commerce, manufacture,
profession, vocation, adventure, wager or any similar activity, whether or not
for pecuniary benefit
b) incidental to a
c) any activity or transaction in nature of a,
whether or not there in volume, frequency, continuity or regularity
d) supply or acquisition of goods including
capital assets and services in connection with closure of business
e) provision by club, body, association,
society, or any such body (for subscription or other consideration) of
facilities to its to members
f) admission to a premises for consideration
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
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
4. Person
a) An individual + HUF + Firm + LLP +
Company+ Body corporate incorporated outside India + AOP/BOI +
Trust + AJP
b) A local authority + Central/State
Government
c) Any corporation established under any
law + Government company
d) A Co-operative society + A Society
registered under Societies Registration Act, 1860
5. Consideration
a) any payment,whether in money or otherwise ,
whether by the recipient or by any other person
b) the monetary value of any act or
forbearance, whether by the recipient or by any other person
c) Shall not include any subsidy given by the
Central Government or a State
Government.
d) Deposit in respect of goods or services not
to be considered as payment unless the supplier applies such deposit as
consideration
6. Approved vocational
education course: means, -
a. National Council for Vocational Training or State Council
for Vocational Training offering courses in designated trades notified under
the Apprentices Act, 1961 or
b. Modular Employable Skill Course, approved by the National
Council of Vocational Training, run by a person registered with the Directorate
General of Training, Ministry of Skill Development and Entrepreneurship
7. Charitable
activities:
means activities
relating to -
(i) public health by way
of,-
(A) care or counseling
of
(I) terminally ill
persons or persons with severe physical or mental disability;
(II) persons afflicted
with HIV or AIDS;
(III) persons addicted
to a dependence-forming substance such as narcotics drugs or alcohol; or
(B) public awareness of
preventive health, family planning or prevention of HIV infection;
(ii) advancement of
religion, spirituality or yoga;
(iii) advancement of
educational programmes or skill development relating to,-
(A) abandoned, orphaned
or homeless children;
(B) physically or
mentally abused and traumatized persons;
(C) prisoners; or
(D) persons over the age
of 65 years residing in a rural area;
(iv) preservation of
environment including watershed, forests and wildlife;
