Meaning of ‘services’ :
‘Services’ means anything other than goods [Article 366(26A) of Constitution of India]. However, definition of ‘services’ in GST Act is different. Section 2(102) of CGST Act defines ‘services’ as follows –
“Services” means anything other than goods, money and securities but includes activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged.
Though definition of ‘service’ can cover even immovable property, sale of land and sale of completed building has been excluded from definition of goods or service.
The definition of ‘service’ is so broad that practically sky is the limit for imposing any tax by Union or State Governments.