https://www.taxtmi.com/article/detailed?id=1702 The definition of goods for service tax adopts the Sale of Goods Act formulation but replaces 'stocks and shares' with 'securities', widening coverage. Pure transfers of title in securities on a principal to principal basis are not services; non title arrangements (forbearance of rights, similar contractual restraints) can remain services. The decisive test is commercial marketability and the capacity for abstraction, transfer, delivery, storage and possession; only items meeting that marketability test qualify as goods. en-us Sun, 29 Apr 2012 18:44:12 +0530 Mon, 30 Apr 2012 12:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1702 The definition of goods for service tax adopts the Sale of Goods Act formulation but replaces 'stocks and shares' with 'securities', widening coverage. Pure transfers of title in securities on a principal to principal basis are not services; non title arrangements (forbearance of rights, similar contractual restraints) can remain services. The decisive test is commercial marketability and the capacity for abstraction, transfer, delivery, storage and possession; only items meeting that marketability test qualify as goods. Articles Service Tax Sun, 29 Apr 2012 18:44:12 +0530 https://www.taxtmi.com/article/detailed?id=1702