https://www.taxtmi.com/article/detailed?id=6964 Characterisation of supplies as goods or services determines GST levy and rates. The Model GST defines goods as movable property excluding actionable claims, money and intangible property, while services are residually defined as anything other than goods and expressly include intangible property and actionable claims but exclude money. This residual definition brings rights in immovable property and actionable claims within the GST net and raises classification issues for intangibles and securities, requiring clarity on exclusions and exemption treatment to avoid unintended tax layering. en-us Mon, 05 Sep 2016 11:59:16 +0530 Mon, 05 Sep 2016 15:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6964 Characterisation of supplies as goods or services determines GST levy and rates. The Model GST defines goods as movable property excluding actionable claims, money and intangible property, while services are residually defined as anything other than goods and expressly include intangible property and actionable claims but exclude money. This residual definition brings rights in immovable property and actionable claims within the GST net and raises classification issues for intangibles and securities, requiring clarity on exclusions and exemption treatment to avoid unintended tax layering. Articles Goods and Services Tax - GST Mon, 05 Sep 2016 11:59:16 +0530 https://www.taxtmi.com/article/detailed?id=6964