Government of India
Ministry of Finance
(Department of Revenue)
No. 55/98 – Service Tax
New Delhi, 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.
- This notification shall come into force on the 16th day of October, 1998.
UNDER SECRETARY TO THE GOVERNMENT OF INDIA
F.No. B. 11/3/98-TRU