Services is defined in GST as anything other than goods.
Money and securities have specifically been excluded from the definition of services. However specified transactions in money have been included – activity 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. Thus the meaning of service is much enlarged from the existing meaning in service tax law. There was a view that real estate can now be termed as service as it is not “goods”. However,in the final CGST Act sale of land and buildings has been listed as one of the transactions that will be treated as neither a supply of goods or of service under Schedule III of the CGST Act.