https://www.taxtmi.com/news?id=2951 The Guidance Note defines the nine categories of declared service that constitute services when performed for consideration, including renting of immovable property, construction of complexes where payment precedes completion certification, temporary transfer or permitting use of intellectual property, IT software development, agreements to refrain or tolerate acts, transfer of goods by hire/leasing/licensing without transfer of right to use, activities related to hire purchase or installment deliveries, the service portion in works contracts, and the service portion where goods for human consumption are supplied. It sets out taxability distinctions, exemptions, place of provision considerations, valuation rules for service portions, and constraints on Cenvat credit. en-us Sat, 17 Mar 2012 16:13:37 +0530 Sat, 17 Mar 2012 16:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2951 The Guidance Note defines the nine categories of declared service that constitute services when performed for consideration, including renting of immovable property, construction of complexes where payment precedes completion certification, temporary transfer or permitting use of intellectual property, IT software development, agreements to refrain or tolerate acts, transfer of goods by hire/leasing/licensing without transfer of right to use, activities related to hire purchase or installment deliveries, the service portion in works contracts, and the service portion where goods for human consumption are supplied. It sets out taxability distinctions, exemptions, place of provision considerations, valuation rules for service portions, and constraints on Cenvat credit. News - Sat, 17 Mar 2012 16:13:37 +0530 https://www.taxtmi.com/news?id=2951