Electricity Exchange services means any service provided or to be provided to any person, by an electricity exchange, by whatever name called, approved by the Central Electricity Regulatory Commission constituted under Section 76 of the Electricity Act, 2003 (36 of 2003), in relation to trading, processing, clearing or settlement of spot contracts, term ahead contracts, seasonal contracts, derivatives or any other electricity related contract.
Design services includes services provided in relation to designing of furniture, consumer products, industrial products, packages, logos, graphics, websites and corporate identity designing and production of three dimensional models.
Custom house agent’s services – means any service provided or to be provided [to any person], by a custom house agent in relation to the entry or departure of conveyances or the import or export of goods;
Credit rating agency’s services means any service provided or to be provided to any person, to a client, by a credit rating agency in relation to credit rating of any financial obligation, instrument or security;
“Credit Card, Debit Card, Charge Card or Other Payment Card Service” includes any service provided,— (i) by a banking company, financial institution including non-banking financial company or any other person (hereinafter referred to as the issuing bank), issuing such card to a card holder; (ii) by any person to an issuing bank in relation to such card business, including receipt and processing of application, transfer of embossing data to issuing bank’s personalisation agency, automated teller machine personal identification number generation, renewal or replacement of card, change of address, enhancement of credit limit, payment updation and statement generation; (iii) by any person, including an issuing bank and an acquiring bank, to any other person in relation to settlement of any amount transacted through such card.
Courier Services-Courier Agency means a any person engaged in the door-to-door transportation of time –sensitive documents, goods or articles utilising the services of a person, either directly or indirectly, to carry or accompany such documents, goods or articles.
Cost accountant’s services means any service provided or to be provided [to any person], by a practicing cost accountant in his professional capacity, in any manner; “Practicing Cost Accountant” means a person who is member of the Institute of Cost and Works Accountants of India and is holding a certificate of practice granted under the provisions of the Cost and works Accountants Act, 1959 (23 of 1959) and includes any concern engaged in rendering services in the field of cost accountancy;
Cosmetic or Plastic Surgery Service means any service provided or to be provided to any person, by any other person, in relation to cosmetic surgery or plastic surgery, but does not include any surgery undertaken to restore or reconstruct anatomy or functions of body affected due to congenital defects, developmental abnormalities, degenerative diseases, injury or trauma.
India’s first multilateral agreement (MA) entered into with the South Asian Association for Regional Cooperation (SAARC) nations comprising Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka apart from India is a limited MA on avoidance of double taxation and mutual administrative assistance in tax matters with a view to promote economic cooperation amongst its member States. The MA was signed on 13 November 2005 and is in force from 19 May 2010. In India, the MA would be effective from 1 April 2011 and would apply in respect of income derived in tax year beginning from 1 April 2011 and subsequent years.
Modification in payment mechanism a) To improve the service delivery time, it is decided that: 1. Payments upto Rs. 50,000 will be mandatorily required to be made through electronic mode w.e.f. 27 March 2011. 2. Payments above Rs. 50,000 – a. Can be made through electronic mode / challan payment between the period 27th March 2011 to 1 October 2011. b. Will be mandatorily required to be made through electronic mode w.e.f. 1 October 2011.
