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PRELIMINARY
(8) "agriculturist" means a person who cultivates land personally, for the purpose of
agriculture;
(9 ) "Appellate Tribunal" means the National Goods and Services Tax Appellate
Tribunal constituted under section 81;
(10) "appointed day'' means the date on which section 1 of this Act comes into
effect;
(11) "appropriate Government" means the Central Government in case of the IGST
and the CGST, and the State Government in case of the SGST;
(12) "assessment" means determination of tax liability under this Act and includes self-
assessment, re-assessment, provisional assessment, summary assessment and
best judgement assessment;
(13) "associated enterprise" shall have the meaning assigned to it in section 92A of
the Income Tax Act, 1961;
(14) "audit" means detailed examination of records, returns and other documents maintained
or furnished by the taxable person under this Act or rules made thereunder or under any other
law for the time being in force to verify, inter alia, the correctness of
turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess
his compliance with the provisions of this Act or rules made thereunder;
(15) "authorized bank" shall mean a bank or a branch of a bank authorised by the
Government to collect the tax or any other amount payable to the appropriate
government under this Act;
(16) "Board" means the Central Board of Excise and Customs constituted under the
Central Boards of Revenue Act, 1963;
(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;
(18) "business vertical" shall have the meaning assigned to a 'business segment' in
Accounting Standard 17 issued by the Institute of Chartered Accountants of India;