Beneficial interest in movable property

Beneficial interest in movable property:
Beneficial interest in movable property not in possession is defined as ‘actionable claim’ and hence subject to GST.
Paras 2.8.10 of CBE&C’s Taxation of Services : An Education Guide’ published on 20-6-2012 clarifies as follows –
Black’s Law Dictionary defines ‘beneficial interest’ as follows— “A right or expectancy in something (such as a trust or an estate), as opposed to legal title to that thing. For example, a person with a beneficial interest in a trust receives income from the trust but does not hold legal title to the trust property”.
Therefore ‘beneficial interest in movable property’ is a right or expectancy in a movable property like right to receive income accruing from a movable property.
Vouchers entitling a person to enjoy service is not actionable claim – Vouchers that entitle a person to enjoy a service, for example a health club, is not actionable claim. Such a voucher does not create a ‘beneficial interest’ in a movable property but only entitles a person to enjoy a particular service for a single or specified number of times – Para 2.8.11 of CBE&C’s ‘Taxation of Services : An Education Guide’ published on 20-6-2012 [Thus, these would be taxable]
Recharge vouchers is not actionable claim – Recharge vouchers issued by service companies for enabling clients/consumers to avail services like mobile phone communication, satellite TV broadcasts, DTH broadcasts etc. is not ‘actionable claims. Such recharge vouchers do not create a ‘beneficial interest’ in a movable property but only enable a person to enjoy a particular service – Para 2.8.12 of CBE&C’s ‘Taxation of Services : An
Education Guide’ published on 20-6-2012 [Thus, these would be taxable]