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Wednesday, March 3, 2010

Export of Services: Confusing exported

Export of Services: Confusing exported

Prepared By:
CA Pradeep Jain
Ghanshyam Chaudhary

Indian budget has also brought many changes related to export of services. As per Export of Service Rules, there are three criterions for declaring a service as export. These criterions are as under:-

(A) Immovable property related services[rule 3(1)(i)]

(B) Performance related services[rule 3(1)(ii)]

(C) Residual Category of Services[rule 3(1)(iii)]

The categories of services are listed in particular criteria’s. The exporter has to fulfil requirement of that criteria under which his services are listed.....read more

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