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.