Definition of Principal place of business, Proper Officer and Services
By: – Pradeep Jain
Goods and Services Tax – GST
Dated:- 24-1-2017
DAILY DOSE OF GST UPDATE BY CA PRADEEP JAIN
Definition of Principal place of business, Proper Officer and Services
Taking further to our discussion, we are continuing our discussion the definitions given under Section 2 of revised GST law and comparing the same with old model GST law to know the changes made in revised law:-
2(77) Principal place of business: the new definition reads as follows:
Principal place of business means the place of business specified as the principal place of business in the certificate of registration;
The old definition read as follows:
“principal place of
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every registered premise would have to be classified as principal place of business inviting litigation. Deleting the condition of keeping books of accounts has made the definition simple to follow and now the assessee can name any of his premises as principal place of business. But there is no need to keep books of accounts there only. It can be kept at any place of business.
2(79) Proper Officer: the new definition reads as follows:
Proper Officer in relation to any function to be performed under this Act, means the officer of goods and services tax who is assigned that function by the Commissioner of CGST / SGST;
The old definition reads as follows:
“proper officer” in relation to any function to be performed under this Act, means th
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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.
The old definition read as follows:
“services'' means anything other than goods; Explanation: Services include intangible property and actionable claim but does not include money.
The amendment bought in the definition is that Securities explicitly excluded from services definition. We have told in our earlier update that securities are excluded from the definition of "goods" under Section 2(49)
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