Classification of New Service for Exports and Imports
There are three categories:
For Export:
Category 1. Service provided in relation to immovable property situated outside India;
Category 2. Service performed outside India partly or wholly
Category 3. Service provided to a recipient located outside India
For Import:
Category 1. Service provided in relation to immovable property situated inside India
Category 2. Service performed in India party or wholly
Category 3. Service provided to a recipient located inside India
The new services can be categorised as under
Sr. No. | Name of Taxable Service | Sub-clause of section 65(105) | Export of Services Rules, 2005 | Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 |
1. | Telecommunication service | zzzx | Category 3 | Category 3 |
2. | Mining of mineral, oil or gas | zzzy | Category 1 | Category 1 |
3. | Renting of immovable property | zzzz | Category 1 | Category 1 |
4. | Works contract service | zzzza | Category 1 | Category 1 |
5. | Development and supply of content | zzzzb | Category 3 | Category 3 |
6. | Asset management | zzzzc | Category 3 | Category 3 |
7. | Design services | zzzzd | Category 3 | Category 3 |