Introduction:
The GST Act came in force from 1st July, 2017. There were many interpretation issues with respect to the definitions, glossary and terms use in the law. Since, such definitions were adopted from various legacy laws in India prior to GST; such as Service Tax, State VAT, Central Excise Act, Luxury Tax, Entertainment Tax, etc. it was difficult to make applicable one definition for different sectors. Hence, some modifications from existing definitions were made. Therefore, it was important to established a nexus of the terms used in the GST definitions. The definition discussed here is “Tax Period”.
So what do you mean by “Tax Period”?
Section 2(106) of CGST Act, 2017 –“tax period” means the period for which the return is required to be furnished;
Conclusion:
The period for which the return is required to be furnished; is known as “Tax Period”.