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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB -SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 32/2012- Service Tax
New Delhi, the 20
th
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 1
st
March,2007, published in the Gazette of India, Extraordinary, vide number G.S.R. 163 (E), dated the 1
st
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 ServiceValue of Service Provided
Place ____
Date ____
Signature of the authorized person
2. This notification shall come into force on the 1
st
day of July, 2012.
[F.No. 334 /1/ 2012-TRU]
(Rajkumar Digvijay)
Under Secretary to the Government of India
notifications no 32 2012 st | iKargos