Sir i have a query regarding service tax. Under the definition of service [66B(44)] transfer of title in goods by way of sale is excluded from the definition under clause (i) of Shall not include part. So this means trading of goods is not a service. So, since trading of goods is not a service then why the same has been included in the negative list under Entry 5. Why there was a need to mention the same in the negative list. In any case the results would have been same, had it not being mentioned in Negative list. And how can u exclude something which is not at all covered.
Thanks
CAclubindia
