
23-Oct-2008, 04:46
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Home Country: India Native Language: Kannada Current Location: India Member Type: Student or Learner | |
Re: Opposite of 'client' in the following context? Thedaffodils, perhaps you are not well versed with the Mercantile and Tax terminology. In recent fifty years the services sectors have outclassed the manufacturing sector. The governments which are always too keen on collecting the tax have come out with the definitions of "goods" and "services".
'Goods' are cognizable items, i.e., those things which can be seen, touched, measured or felt by physical mean.
Ex. : Factory goods, vegetables, serials, pulses, Paper, Water, etc.
'Services' are those products in the finanacial and mercantile terminology which provide you with things which are 'not cognizable', i. e., you cannot touch or feel them, but they provide you with some assistance or facility which enhances your comfort or some action which is useful to you.
Ex. : Banking services, Insurance services, Information Technology services, Postal services, Medical services, Architectural services, Legal services, Accounting services etc. You would notice that these people are providing you services not goods. A computer software company does not provide you any 'goods', though it may send you a DVD or Pen-drive (usually it is through Internet now-a-days), but it is charging for the value addition in the program which it has invented for you. Thus it is supplying you service, and it is temed in legal terms as 'service provider' rather than 'service supplier'.
Since the developments are new (i.e. say in last 10 years) the common man and the Dictionaries are yet to recognize the fact.
Also, an Internet data you are referring to does always use the correct terminology. Since the usage has changed in last 10 years more(as far as India is concerned, we have come up with 'Service tax' in last 6 years, as service now constitute more than 55% of our GDP), the law makers are now trying to differentiate the two. |