[TO BE PUBLISHED IN THE GAZETTE OF INDIA,
EXTRAORDINARY, PART II, SECTION 3,
Government of India
Ministry of Finance
(Department of Revenue)
Notification No.
32/2012- Service Tax
New Delhi, the 20th
June, 2012
G.S.R….. (E).- In
exercise of the powers conferred by sub-section (1) of section 93 of the
Finance Act, 1994 (32 of 1994) and in supersession of the Government of India
in the Ministry of Finance (Department of Revenue) notification number
9/2007-ST, dated the 1st March,2007, published in the Gazette of
India, Extraordinary, vide number
G.S.R. 163 (E), dated the 1st March,2007, except as respects things
done or omitted to be done before such supersession, the Central Government, on
being satisfied that it is necessary in the public interest so to do, hereby
exempts taxable services, provided or to be provided, by a Technology Business
Incubator (TBI) or a Science and Technology Entrepreneurship Park (STEP)
recognized by the National Science and Technology Entrepreneurship Development
Board (NSTEDB) of the Department of Science and Technology, Government of
India, from the whole of the service tax leviable
thereon under section 66B of the said Finance Act, subject to following
conditions, namely:-
1.
that the STEP or the
TBI, who intends to avail the exemption, shall furnish the requisite
information in Format I below containing the details of the incubator along
with the information in Format II below received from each incubatee
to the concerned Assistant Commissioner or the Deputy Commissioner of Central
Excise, as the case may be, before availing the exemption; and
2.
that
the STEP or the TBI shall furnish the information in the said Format I and
Format II in the same manner before the
30th day of June of each financial year.
Format - I - Information to be
furnished by TBI or the STEP
Filed
in the financial year ______
(a)
Name of the Technology
Business Incubator / Science and Technology Entrepreneurship Park ____________
(b)
Address ____________
(c)
Whether availing
benefit of exemption for first time _____________
(d)
If the answer to 3 is
not in affirmative, the date from which benefit is being availed _____
(e)
Details of taxable
services provided during the previous financial year :-
Sl. No. |
Description
of Taxable Service |
Value of
taxable Service Provided |
|
To incubatee |
To others |
||
|
|
|
|
(f)
Details of Taxable services provided by incubatees as
per enclosure ______________
Place
_______
Date _______
Signature of the authorised person
Acknowledgement
I
hereby acknowledge the receipt of Format I for the period________
Place
______
Date ______
Signature of the Officer of
Central Excise and Service Tax
(with Name and Official seal)
Format II – Information to be
obtained by TBI / STEP from each incubatee and to be
filed along with Format I
1.
Name of the Incubatee ________
2.
Address ________
3.
Details of the project _________
4.
Date of signing agreement with the TBI / STEP (incubator) _______
5.
Total business turnover during the previous financial year ________
6.
Details of taxable services provided during the previous financial year
________
Sl. No. |
Description
of Taxable Service |
Value of
Service Provided |
|
|
|
Place
____
Date ____
Signature of the authorized person
2.
This notification shall come into force on the 1st day of July, 2012.
[F.No. 334 /1/ 2012-TRU]
(Rajkumar Digvijay)
Under
Secretary to the Government of India