23 September 2008
Originally in respect of all services any receipt in convertible foreign exchange was exempted from ST. However, the said exemption has been withdrawn and The Export of Service Rules 2005 has been introduced w.e.f 15.03.2005. The Rules divide the service into 3 categories and consider services as export of services subject to certain conditions: 1) Taxable services is said to be exported if the immovable property is situated outside India. 2) Service is exported when the services are performed outside India. Part performance outside India is also permitted. 3) whether or not performed outside India shall be treated as taxable service performed outside India. C&F Agent is coming under the 2 point.
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