Section 2(75) of Rajasthan GST Act 2017: Meaning of “money”

Definition of the term “money” under Section 2(75) of the Rajasthan GST Act, 2017

As per Section 2(75) of the Rajasthan GST Act, unless the context requires otherwise, the term “money” means the Indian legal tender or any foreign currency, cheque, promissory note, bill of exchange, letter of credit, draft, pay order, traveller cheque, money order, postal or electronic remittance or any other instrument recognized by the Reserve Bank of India when used as a consideration to settle an obligation or exchange with Indian legal tender of another denomination but shall not include any currency that is held for its numismatic value.

Leave a Reply