CENTRAL GOODS AND SERVICES TAX ACT 2017: SHORT TITLE, COMMENCEMENT AND KEY DEFINITIONS (SECTIONS 1 & 2)
The Central Goods and Services Tax Act, 2017, is a landmark legislation that governs the framework of GST in India. Section 1 outlines its short title, extent, and commencement, stating that the Act applies to the whole of India and came into effect on dates notified by the Central Government. Section 2 defines essential terms such as aggregate turnover, composite supply, input tax credit, place of business, and taxable person, ensuring clarity and uniform interpretation across the GST system. Together, these sections form the legal foundation of GST implementation in India.
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