Goods and Services Tax – GST – By: – Pradeep Jain – Dated:- 18-1-2017 Last Replied Date:- 20-1-2017 – DAILY DOSE OF GST UPDATE BY CA PRADEEP JAIN DEFINITION OF AGRICULTURE: As the GST law has been revised, it is pertinent to note down what all issues still remain un-tackled or untouched. Also certain provisions are there which are yet again drafted in such a way that they would attract litigation. Here we are discussing two such provisions: Starting with the definition of agriculture, its scope has been restricted largely in the GST regime. The proposed definition is reproduced here below: 2(7) agriculture with all its grammatical variations and cognate expressions, includes floriculture, horticulture, sericulture, the raising of crops, gr
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
urther given under Section 2(106) about cultivate land personally which is as under:- (106) to cultivate personally means to carry on any agricultural operation on one s own account- (a) by one s own labour, or (b) by the labour of one s family, or (c) by servants on wages payable in cash or kind [(but not in crop share)] or by hired labour under one s personal supervision or the personal supervision of any member of one s family; Explanation 1. – A widow or a minor or a person who is subject to any physical or mental disability or is a serving member of the armed forces of the Union, shall be deemed to cultivate land personally if it is cultivated by her or his servants or by hired labour. Explanation 2. – In the case of a Hindu Undivided
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
n of Composite Supply appearing in Section 2(27), Mixed Supplies in Section 2(66) and Principle supply in 2(78). The definitions are reproduced here below for ready reference: composite supply means a supply made by a taxable person to a recipient comprising two or more supplies of goods or services, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply; www.capradeepjain.com – Reply By Ganeshan Kalyani – The Reply = Nice article. – Reply By KASTURI SETHI – The Reply = Excellent article, Sir. All doubts cleared. The new definition of 'Agriculture' under GST specifically includes 'Horticulture'. Can we conclude
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =