https://www.taxtmi.com/article/detailed?id=6485 Trading of goods is not a taxable service because it involves transfer of title in movable property rather than provision of a service; pure sales, including securities and forward contracts that result in title transfer, are outside service tax. Auxiliary or support activities where title does not pass (commission agents, clearing/forwarding agents, services related to futures) are distinct and may be taxable as services. As a consequence, service-tax based Cenvat credit is not available for pure trading, reflecting the constitutional allocation of taxation powers to States. en-us Sat, 17 Oct 2015 08:14:41 +0530 Sat, 17 Oct 2015 08:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6485 Trading of goods is not a taxable service because it involves transfer of title in movable property rather than provision of a service; pure sales, including securities and forward contracts that result in title transfer, are outside service tax. Auxiliary or support activities where title does not pass (commission agents, clearing/forwarding agents, services related to futures) are distinct and may be taxable as services. As a consequence, service-tax based Cenvat credit is not available for pure trading, reflecting the constitutional allocation of taxation powers to States. Articles Service Tax Sat, 17 Oct 2015 08:14:41 +0530 https://www.taxtmi.com/article/detailed?id=6485