https://www.taxtmi.com/article/detailed?id=10515 Sections 2(51)-2(75) define core GST concepts and their operative tax effects: 'goods' excludes money but includes movable property severable before supply; 'input' excludes capital goods while 'input service' has broader coverage; 'input tax' and 'input tax credit' cover various GST levies and reverse charge but exclude composition levy taxes; location rules prioritize place of business or fixed establishment; 'manufacture' requires a new product with distinct name, character and use; 'market value' and 'mixed supply' definitions shape valuation and classification, with consequential scope for disputes. en-us Mon, 11 Jul 2022 10:05:30 +0530 Mon, 11 Jul 2022 10:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10515 Sections 2(51)-2(75) define core GST concepts and their operative tax effects: 'goods' excludes money but includes movable property severable before supply; 'input' excludes capital goods while 'input service' has broader coverage; 'input tax' and 'input tax credit' cover various GST levies and reverse charge but exclude composition levy taxes; location rules prioritize place of business or fixed establishment; 'manufacture' requires a new product with distinct name, character and use; 'market value' and 'mixed supply' definitions shape valuation and classification, with consequential scope for disputes. Articles Goods and Services Tax - GST Mon, 11 Jul 2022 10:05:30 +0530 https://www.taxtmi.com/article/detailed?id=10515