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of <h1>Goods and Services Tax Act 2017: Key Definitions of 'Central Tax,' 'Integrated Tax,' and More Explained in Section 7.</h1> This section of the Goods and Services Tax (Compensation to States) Act, 2017 provides definitions for terms used within the Act. Key definitions include 'central tax' and 'integrated tax,' referring to taxes under their respective Acts, and 'cess,' which is a compensation levy. It defines 'compensation' as the amount determined under section 7 and 'Council' as the Goods and Services Tax Council. The 'Fund' is the GST Compensation Fund, and 'input tax' pertains to cess charged on supplies or imports. Terms like 'State,' 'State tax,' and 'transition period' are also defined, with references to respective legislative Acts.
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