Service Tax Mega Exemption-Services by Government-local authority

Service Tax Mega Exemption-Services by Government-local authority to business entity with a turnover up to ten lakh. Notification 07/2016

GOVERNMENT OF INDIA
MINISTRY OF FINANCE 
(DEPARTMENT OF REVENUE)
NEW DELHI

New Delhi, the 18^th February, 2016

 NOTIFICATION NO. 07/2016-Service Tax

GSR….(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, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.25/2012-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. 467 (E), dated the 20^th  June, 2012, namely:-

1. In the said notification, in the opening paragraph,

(i) after entry No. 47, the following shall be inserted, namely-

“(48) Services provided by Government or a local authority to a business entity with a turnover up to rupees ten lakh in the preceding financial year.”

2.         The amendment shall come into effect on 1^st April, 2016.

[F. No. B1/10/2015-TRU]

(K. Kalimuthu)
Under Secretary to the Government of India

Note:-The principal notification was published in the Gazette of India, Extraordinary, by notification No. 25/2012 – Service Tax, dated the 20^th  June, 2012, vide number G.S.R. 467 (E), dated the 20th June, 2012 and last amended by notification No.20/2015 – Service Tax, dated the 21^st October, 2015 vide number G.S.R. 799(E), dated the 21^st October, 2015.

• ICAI revises criteria for empanelment of organizations to impart industrial training
• Date of digital signature and issue determines date of a notice u/s 148 of Income Tax Act
• DGFT authorises IACCIA to issue Certificate of Origin (Non- Preferential)
• Net profit rate may not have variation commensurate to increase of turnover
• Mushroom growing apparatus cannot be classified as ‘agricultural machinery’

addition u/s 68 addition u/s 69A ca misconduct cash deposit in bank cbdt circular CBDT Instruction cbdt notification cbdt order cbdt press release cgst circular cgst notification cit revision 263 concealment penalty condonation of delay covid-19 custom circular demonetisation due date extension e-way bill faq GST circular GST Council Meeting gst faq gstn advisory GSTR-3B GST rates IBBI ibc income tax prosecution itat ITAT Delhi mca circular MCA notification order u/s 119 penalty 271(1)(c) penalty u/s 271(1)(c) Press Release reasons recorded reopening 148 Reopening us 147 Search & Seizure sebi circular unexplained cash credits validity of notice u/s 148 Withdrawal of 2000 500 Bank Notes