State with brief reasons whether the following services are taxable under the service tax net in India: (c) Trading of goods.
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2017
State with brief reasons whether the following services are taxable under the service tax net in India: (c) Trading of goods.
Answer & Explanation:
Trading of goods is in the nature of sale and not a service and being specified in negative list. Hence, remains outside the service tax net. [Section 66 D (e)]
Topics: Service Tax Law
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