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Definition of Service

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Question - What are proposed change in definition of service in Finance Bill 2015 ?

Proposed Changes in Finance Bill 2015 Aim to Clarify Service Tax on Chit Funds and Lottery Agents The discussion focuses on proposed changes in the definition of 'service' in the Finance Bill 2015 concerning Service Tax. It highlights the legislative intent to impose Service Tax on services provided by chit fund foremen and lottery distributors or agents. Despite some court rulings against this levy, an explanation is being added to clarify the legislature's intent to tax activities related to chits and lotteries. The forum serves as a platform for knowledge sharing on this topic. (AI Summary)

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