Export of Services Rules and Import of Services Rules Amended
TAXABLE services as defined in clauses (zzzzv) and (zzzzw) of section 65(105) of Finance Act, 1994 are included in clause (i) of sub-rule (1) of Rule 3 of Export of Services Rules, 2005. After this amendment, for a Hotel or Restaurant, services are to be treated as export, if they are provided “in relation to immovable property situated outside India”. What does this mean? Hotel and restaurant services are provided to immovable properties?
Similarly, taxable services as defined in clauses (zzzzv) and (zzzzw) of section 65(105) of Finance Act, 1994 are included in clause (i) of sub-rule (1) of Rule 3 of Taxation of Services (Provided from Outside India and Received in India ) Rules, 2006.
Notification Nos. , and , Both Dated: April 25, 2011