<h1>Guidance Note 5 Explains 'Declared Services' u/s 65B: Renting, Construction, IP Rights, and More Explained.</h1> Guidance Note 5 clarifies the concept of 'declared services' under the service tax framework, as defined in section 65B of the Act. Declared services include activities like renting immovable property, construction, temporary transfer of intellectual property rights, and execution of works contracts. Specific exemptions and taxability conditions are outlined for each service category. For instance, renting residential dwellings for residence use is exempt, while renting for commercial purposes is taxable. The note also addresses the tax implications of non-compete agreements, works contracts, and services involving food supply. It aims to ensure uniform application of service tax laws across the country.