Exemption to services rendered in India to a client in respect of overseas projects for which payment is made in convertible foreign exchange - 055/98 - Service Tax

This Notification has been rescinded by Notification No. 05/1999 dated 28/2/1999

Service tax — Exemption to services rendered in India to a client in respect of overseas projects for which payment is made in convertible foreign exchange

Notification No. 55/98 - Service Tax

Dated the 7th October, 1998

G.S.R.(E) - In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services rendered in India by an assessee to a client in respect of overseas projects for which payment is made in convertible foreign exchange from the whole of the service tax leviable thereon.

2. This notification shall come into force on the 16th day of October, 1998.