https://www.taxtmi.com/news?id=2954 The Guidance explains that under section 65B service means any activity carried out by a person for another for consideration, excluding mere transfer of title in goods or immovable property, transactions only in money or actionable claims, and employee services in the course of employment. Consideration includes monetary and non monetary forms, must be valued under section 67 and valuation rules, and may be paid by third parties if linked to the service. Composite transactions are taxed according to their dominant nature except for constitutionally specified deemed sales. en-us Sat, 17 Mar 2012 16:16:29 +0530 Sat, 17 Mar 2012 16:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2954 The Guidance explains that under section 65B service means any activity carried out by a person for another for consideration, excluding mere transfer of title in goods or immovable property, transactions only in money or actionable claims, and employee services in the course of employment. Consideration includes monetary and non monetary forms, must be valued under section 67 and valuation rules, and may be paid by third parties if linked to the service. Composite transactions are taxed according to their dominant nature except for constitutionally specified deemed sales. News - Sat, 17 Mar 2012 16:16:29 +0530 https://www.taxtmi.com/news?id=2954