https://www.taxtmi.com/article/detailed?id=5320 The court held that a mere transaction in money lacks the constituent elements of statutory "service" and that services connected with chit subscriptions - being transactions in money - are excluded from the definition; the Explanation only preserves as taxable those activities relating to the use or conversion of money for which a separate consideration is charged, which does not include the foreman's commission, so services in connection with chit business do not attract service tax and the notification was quashed to that extent. en-us Wed, 16 Oct 2013 08:15:34 +0530 Wed, 16 Oct 2013 08:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5320 The court held that a mere transaction in money lacks the constituent elements of statutory "service" and that services connected with chit subscriptions - being transactions in money - are excluded from the definition; the Explanation only preserves as taxable those activities relating to the use or conversion of money for which a separate consideration is charged, which does not include the foreman's commission, so services in connection with chit business do not attract service tax and the notification was quashed to that extent. Articles Service Tax Wed, 16 Oct 2013 08:15:34 +0530 https://www.taxtmi.com/article/detailed?id=5320