https://www.taxtmi.com/article/detailed?id=7398 Definitions in Section 2: Business is an inclusive concept covering trade, professions and related/incidental activities, regardless of profit motive; supplies in the course or furtherance of such business are taxable and importation of services is a supply; government activities as public authorities are treated as business. Business vertical denotes distinguishable components with different risks/returns; separate optional registrations prevent inter-vertical input credit transfers and bar composition scheme. Casual taxable person means an occasional supplier without a fixed place of business, subject to special registration, security, return and assessment rules. en-us Sat, 06 May 2017 06:58:31 +0530 Sat, 06 May 2017 06:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7398 Definitions in Section 2: Business is an inclusive concept covering trade, professions and related/incidental activities, regardless of profit motive; supplies in the course or furtherance of such business are taxable and importation of services is a supply; government activities as public authorities are treated as business. Business vertical denotes distinguishable components with different risks/returns; separate optional registrations prevent inter-vertical input credit transfers and bar composition scheme. Casual taxable person means an occasional supplier without a fixed place of business, subject to special registration, security, return and assessment rules. Articles Goods and Services Tax - GST Sat, 06 May 2017 06:58:31 +0530 https://www.taxtmi.com/article/detailed?id=7398