The following falls under the negative list as per Service Tax law —

CS Executive · Tax Laws and Practice · PYQS · December 2014
The following falls under the negative list as per Service Tax law —
(A) Trading of goods
(B) Betting, gambling or lottery
(C) Funeral, burial, crematorium or mortuary services
(D) Renting of immovable property.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Trading of goods; (B) Betting, gambling or lottery; (C) Funeral, burial, crematorium or mortuary services. Under the historical negative list, trading in goods, betting/gambling/lottery and funeral/burial/crematorium/mortuary services were all covered. A, B and C are valid choices. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Service Tax

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