- Saturday, May 21, 2011, 7:06
- Service Tax
- 81 views
The Central Board of Excise and Customs ('CBEC') has issued a clarification vide Circular No 141/10/2011 - TRU dated 13 May 2011 ('Present Circular') with regard interpretation of the term used outside India under the Export of Services Rules, 2005 ('Export Rules') for the period upto 27 February 2010. Under the Service tax legislation for certain specified taxable services1 (Category 3 services), one of the conditions to be satisfied for qualifying as export (under the..
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- Tuesday, March 1, 2011, 15:26
- Service Tax
- 24 views
Globally the taxation of services across different taxing jurisdictions is increasingly moving towards destination-based levy in respect of B2B services while origin-based levy is largely applicable to B2C services. In tune with this practice, certain services are being rearranged as follows: (i) Service provided by builders [section 65(105)(zzzzu)] is being added to sub-rule 1(i) and will thus be considered as exported, subject to compliance with other conditions, if th..
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- Sunday, February 28, 2010, 9:57
- Service Tax
- 91 views
For the purposes of this rule India includes the installations structures and vessels located in the continental shelf of India and the exclusive economic zone of India, for the purposes of prospecting or extraction or production of mineral oil and natural gas and supply thereof.
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- Friday, August 21, 2009, 3:01
- Service Tax
- 59 views
Notification No. 25/2009-Service Tax, dated 19-8-2009 In exercise of the powers conferred by sections 93 and 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Export of Services Rules, 2005, namely :–
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- Sunday, July 5, 2009, 2:58
- Service Tax
- 195 views
In India the contribution of service sector to the GDP is about 55% and is a major driver of economic growth. However it was very difficult to define export of services and therefore many multinationals were wary of exploring opportunities for cross-border trade with India.
Unlike goods which are defined to be exports when they physically cross the Indian territory it was very complex to define the export of services given that they were mostly intangible assets with..
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