Suppose I record lecture and sell to others .....say 1000 rs per lecture.....
Can anyone explain me that.....whether I am selling the goods to others or providing service to others....
in short ....whether...that video is a good or a service??
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 21 June 2017
Its a service even it is recorded.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 21 June 2017
Hi anand.
as per the old service tax law..recorded lecture in CD/Pendrive covered under service even though it's sold in goods [tangible + movable]. The main theme behind the conclusion is based on court case, where court held that CD and pendrive are only meduim, purpose is not selling pendrive or CD..so stick to the actual transaction it will fall under service.
anand chaudhary
(12 Points)
Replied 21 June 2017
I agree with u Bhargav....
However, If I write a book and sell....then it becomes a good....though my purpose is not to sell book......but the content provided in the book though the medium of papers.
In the similar way, Here also I am selling the video permanently to other person......which i feel that it is in the nature of sale of goods....
This is because, the video does not satisfy the basic features of service .......on the otherhand, a video satisfies the basic features of goods....
services are perishable....
services are non-transferable...etc
I humbly reques u to please provide me the case reference where the court has said that.....the videos are service and not goods.
However, If I write a book and sell....then it becomes a good....though my purpose is not to sell book......but the content provided in the book though the medium of papers.
In the similar way, Here also I am selling the video permanently to other person......which i feel that it is in the nature of sale of goods....
This is because, the video does not satisfy the basic features of service .......on the otherhand, a video satisfies the basic features of goods....
services are perishable....
services are non-transferable...etc
I humbly reques u to please provide me the case reference where the court has said that.....the videos are service and not goods.
Recent Topics
- ITR filing for non resident in one FY
- 2 buyer form 26qb
- CFS INCLUDING MAURITIUS SDS
- Tds on rent paid to two persons
- GST R-9 Turnover
- ITC wrongly Taken in GST 3B
- Tax liability in the case of Joint Ownership of Pr
- RCM-Director
- Levy of GST on the invoice that crosses Rs.20 lakh
- Clarification for ITR AY 2024-25
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
