<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">Section 2(85) of the CGST Act, 2017 defines &ldquo;place of business&rdquo; to include:</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">(i) a place from where the business is ordinarily carried on, and includes a warehouse, a godown or any other place where a taxable person stores his goods, supplies or receives goods or services or both; or</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">(ii) a place where a taxable person maintains his books of account; or</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">(iii) a place where a taxable person is engaged in business through an agent, by whatever name called.</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">In case of operations of a stock broker, it is required by law that all transactions would be via screen based trading on the Stock Exchanges. Therefore, the following would be the &ldquo;place of business&rdquo; in case of stock brokers:</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">(i) All the branches of the stock broker where the Stock Exchange Trading terminals are located and where trade is carried out on behalf of clients;</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">(ii) Main office/ Head office/ Registered Office/ Branch office where back office operations are carried out including issuing of bills/ contracts/ tax invoices/ account statements to the clients.</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">In case of sub-brokers&rsquo; / Authorised Person office, where the premises are neither owned by the stock broker nor rented/ leased in favour of the stock broker and there are no employees on the payroll of the stock broker in such an office, then such premises shall not be considered a place of business of the stock broker.</span></span></p>