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Continuous Supply of services – Sec 2(33)

Continuous Supply of services – Sec 2(33) 

“continuous supply of services” means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding three months with periodic payment obligations and includes supply of such services as the Government may, subject to such conditions, as it may, by notification, specify;

  • Examples of continuous supply of services:
  • Annual maintenance contracts;
  • Licensing of software or brand names;
  • Renting of immovable property; and
  • Software as a service ( SAAS) with monthly billing based on usage.