Union Budget | 2016-17 | SERVICE TAX | Notification

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Seeks to amend Service Tax Rules, 1994 - Amendment in Rule 2, 6, 7, 7B & 7C 

Amends notification No. 30/2012-Service Tax dated 20th June, 2012, so as to prescribe, the extent of service tax payable by the service provider and any other person liable for paying service tax other than the service provider 

Seeks to bring into effect certain provisions of notification No. 05/2015-ST dated 1st March, 2015 

Seeks to bring into effect certain provisions of notification No. 07/2015-ST dated 1st March, 2015 

Seeks to bring into effect provisions of clause (h) of section 107 of the Finance Act, 2015 

Seeks to prescribe interest rate under section 73B of the Finance Act, 1994 

Seeks to prescribe interest rate under section 75 of the Finance Act, 1994 

Amends 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 

Seeks to exempt services in relation to Information Technology Software recorded on a media bearing RSP, provided Central Excise Duty has been paid 

Amends Point of Taxation Rules, 2011 so as to insert clarificatory Explanations 

Amends notification No. 25/2012-Service Tax, dated 20th June 2012, so as to amend certain existing entries granting exemption on specified services and inserting new entries for granting exemption from service tax on specified services 

Amends notification No. 26/2012-Service Tax, dated 20th June 2012, so as to make necessary amendments in the specified entries prescribing taxable portion and the conditions for availing the exemption therein