Seeks to amend notification No. 32/2012-Service Tax dated 20th June, 2012, so as to exempt services provided by the bio-incubators approved by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India. - 12/2016 - Service Tax

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 12/2016-Service Tax New Delhi, the 1st March, 2016 G.S.R.-260 (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) , the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.32/2012-Service Tax, dated the 20 th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 474(E), dated the 20 th June, 2012, namely:- 1. In the said notification,- (1) in the opening paragraph,- (a) after the words Department of Science and Technology, Government of India , the following words shall be inserted, namely:- or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India, ; (b) in conditions 1 and 2, after the words and letters or the TBI , the words or the bio-incubator shall be inserted; (2) in Format-I,- (a) in the heading, after the word and letters the STEP , the words or the Bio-Incubator shall be added; (b) in item (a), after the word Park , the words and signs /bio-incubator shall be inserted; (3) in Format-II,- (a) in the heading, after the letters STEP , the signs and words /the Bio-Incubator shall be inserted; (b) in serial number 4, after the letters, brackets and word STEP (incubator) , the signs and words /the bio-incubator shall be inserted. 2. This notification shall come into force on the 1st of April, 2016. [F. No. 334/8/2016-TRU] (K. Kalimuthu) Under Secretary to the Government of India Note .- The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), by notification No. 32/2012 Service Tax dated the 20 th June, 2012 vide number G.S.R. 474(E) dated the 20 th June, 2012.