1. In exercise of the powers conferred Under section 93(1) Finance Act,
1994.
2. And in supersession of the notification number 9/2007-ST, dated the 1st
March,2007, except as respects things
done or omitted to be done before such supersession.
3. This notification shall come into force on the 1st day of July, 2012.
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, subject to following conditions, namely:-
- 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
- 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 _______
Date _______
Signature of the authorised
person
Acknowledgement
I hereby acknowledge the receipt of Format I for the period________
Place ______
Date ______
Date ______
Signature of the Officer of
Central Excise and Service Tax
(with Name and Official seal)
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 ____
Date ____
Signature of the authorized
person
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