Chapter 1 - Introduction to GST Flashcards
1
Q
GOODS under CSGT act is defined as _______ and includes - 3 things but excludes - 2 things
A
Every kind of moveable property and includes actionable claims, growing crops, things attached to earth but excludes money and securities.
2
Q
Money means every kind of _______ but excludes money held for its _______
A
Legal Tender ; Numismatic Value
3
Q
Services is defined as _________, excludes _________, includes __________
A
Anything other than GOODS ; Money & Securities ; activities of money conversion & facilitation of securities
