INDIA CODE
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business

Defined in 14 provisions, side by side
The words as enacted

"business" includes - (a) any trade, commerce, manufacture, profession, vocation, adventure, wager or any other similar activity, whether or not it is for a pecuniary benefit; (b) any activity or transaction in connection with or incidental or ancillary to sub-clause (a); (c) any activity or transaction in the nature of sub-clause (a), whether or not there is volume, frequency, continuity or regularity of such transaction; (d) supply or acquisition of goods including capital goods 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; (f) admission, for a consideration, of persons to any premises; (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; (h) activities of a race club including by way of totalisator or a license to book maker or activities of a licensed book maker in such club; and (i) any activity or transaction undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities;

No scope words printed.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 3 May 1836.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 2 September 1861.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 10 September 1939.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 11 April 1947.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 17 July 1961.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 18 September 1982.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 7 March 1994.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 17 April 2007.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 21 May 2010.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 10 March 2017.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 13 October 2025.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 4 July 2025.

The words as enacted

"business" includes every trade, occupation and profession

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 14 June 2026.

Used in the definitions of 1 other term
supplySection 7(1), Central Goods and Services Tax Act, 2017
Appears in 274 instruments
109Constitution of Appellate Tribunal and Benches thereof1 occurrence111Procedure before Appellate Tribunal1 occurrence137Offences by companies1 occurrence141Transitional provisions relating to job work3 occurrences142Miscellaneous transitional provisions2 occurrences143Job work procedure8 occurrences143Job work procedure8 occurrences148ATrack and trace mechanism for certain goods1 occurrence15Value of Taxable Supply2 occurrences16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence16Eligibility and conditions for taking input tax credit1 occurrence169Service of notice in certain circumstances4 occurrences17Apportionment of credit and blocked credits3 occurrences18Availability of credit in special circumstances2 occurrences19Taking input tax credit in respect of inputs and capital goods sent for job work3 occurrences2Definitions27 occurrences2Definitions27 occurrences2Definitions27 occurrences2(85)place of business3 occurrences22Persons liable for registration1 occurrence22Persons liable for registration1 occurrence22Persons liable for registration1 occurrence22Persons liable for registration1 occurrence23Persons not liable for registration1 occurrence23Persons not liable for registration1 occurrence25Procedure for registration4 occurrences25Procedure for registration3 occurrences25Procedure for registration4 occurrences29Cancellation or suspension of registration3 occurrences29Cancellation or suspension of registration3 occurrences29Cancellation or suspension of registration3 occurrences29Cancellation or suspension of registration3 occurrences35Accounts and other records4 occurrences35Accounts and other records4 occurrences52Collection of tax at source1 occurrence52Collection of tax at source1 occurrence52Collection of tax at source1 occurrence52Collection of tax at source1 occurrence65Audit by tax authorities2 occurrences65Audit by tax authorities2 occurrences67Power of inspection, search and seizure5 occurrences7Scope of supply2 occurrences7(1)supply2 occurrences71Access to business premises2 occurrences79Recovery of tax1 occurrence79Recovery of tax1 occurrence85Liability in case of transfer of business5 occurrences91Liability of guardians, trustees, etc2 occurrences92Liability of Court of Wards, etc3 occurrences93Special provisions regarding liability to pay tax, interest or penalty in certain cases4 occurrences94Liability in other cases2 occurrencesIActivities to be treated as supply even if made without consideration3 occurrencesIActivities to be treated as supply even if made without consideration3 occurrencesIIActivities or transactions to be treated as supply of goods or supply of services11 occurrences