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of <h1>Understanding Key Terms in the Union Territory Goods and Services Tax Act, 2017: Definitions Crucial for Compliance</h1> The Union Territory Goods and Services Tax Act, 2017, outlines definitions crucial for understanding its provisions. Key terms include 'appointed day,' which is the date the Act becomes effective, and 'Commissioner,' referring to the appointed tax authority. 'Exempt supply' covers goods or services with a nil tax rate or exemptions, while 'existing law' pertains to pre-Act tax regulations. The 'Government' is the Administrator or authorized officers, and 'output tax' is the tax on taxable supplies, excluding reverse charges. 'Union territory' refers to specific regions like Andaman and Nicobar Islands and Chandigarh. Terms not defined here adopt meanings from related GST Acts.
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