Key points of changes in New Model GST Law 2017. Difference between New and Old Model GST Law. In this article we provide complete compression between old and new draft model gst law. Now scroll down below n check more details about Comparison Between Revised and Old Draft GST Model.
Comparison Between Revised and Old Draft GST Model (17) “business” includes – (a) any trade, commerce, manufacture, profession, vocation or any other similar activity,whether or not it is for a pecuniary benefit; (b) any transaction in connection with or incidental or ancillary to (a) above; (c) any transaction in the nature of (a) above, whether or not there is volume, frequency, continuity or regularity of such transaction; (d) supply or acquisition of goods including capital assets and services in connection with commencement or closure of business; (e) provision by a club, association, society, or any such body (for a subscription or any other consideration) of the facilities or benefits to its members, as the case may be; (f) admission, for a consideration, of persons to any premises; and (g) services supplied by a person as the holder of an office which has been accepted by him in the course or furtherance of his trade, profession or vocation;...