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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.

Service Tax - 12/2016 - Dated:- 1-3-2016 - 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 .....

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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-Incuba .....

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