TaxTMI 
TaxTMI 
Question - What are proposed change in definition of service in Finance Bill 2015 ?
Definition of Service
01 Mar 2015 
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Definition of service: Finance Bill clarifies service tax applies to chit fund foremen and lottery distributors.
An Explanation is being inserted into the definition of "service" to clarify that activities by chit fund foremen in conducting a chit, and by distributors or selling agents of a lottery in promoting, marketing, distributing, selling, or assisting the organizing state, are intended to be treated as taxable services for service tax purposes, addressing prior inconsistent judicial views. (AI Summary)
An Explanation is being inserted into the definition of "service" to clarify that activities by chit fund foremen in conducting a chit, and by distributors or selling agents of a lottery in promoting, marketing, distributing, selling, or assisting the organizing state, are intended to be treated as taxable services for service tax purposes, addressing prior inconsistent judicial views. (AI Summary)