Section 2(102) - Definition of "services" under CGST Act

2(102).1 Meaning of Services

Section 2(102)

“services” means anything other than goods, money and securities

but includes activities 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;

[1][Explanation “services” includes facilitating or arranging transactions in securities]

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Refer section 2(52) for meaning of Goods

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Refer section 2(75) for meaning of Money

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Section 2(101)

“securities” shall have the same meaning as assigned to it in section 2(h) of the Securities Contracts (Regulation) Act, 1956; 42 of 1956

 

[1] Explanation inserted by Section 2(e) of The CGST(A) Act, 2018 dt. 29-08-2018 and made effective from 01-02-2019 by Notification No. 02/2019-Central Tax dt. 29-01-2019.

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