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 1st March,2007, published in the Gazette of India, Extraordinary, vide number G.S.R. 163 (E), dated the 1st 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, or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, 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:-

(In above opening paragraph the words "or bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under Department of Biotechnology, Government of India," has been inserted vide NTF. NO. 12/2016-ST, DT. 01/03/2016 wef 01.04.2016)

1. that the STEP or the TBI or the bioincubator, 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 or the bioincubator 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.

(In above condition 1 & 2 the words "or the bioincubator" has been inserted vide NTF. NO. 12/2016-ST, DT. 01/03/2016 wef 01.04.2016)

(In above heading words "or the BioIncubator" has been inserted vide NTF. NO. 12/2016-ST, DT. 01/03/2016 wef 01.04.2016)
 

Filed in the financial year ______

(a) Name of the Technology Business Incubator / Science and Technology Entrepreneurship Park /bio-incubator____________

(In above item (a) the words "/bio-incubator" has been inserted vide NTF. NO. 12/2016-ST, DT. 01/03/2016 wef 01.04.2016)

(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 :-
 

(f) Details of Taxable services provided by incubatees as per enclosure ______________

Place _______

Date _______
 

Signature of the authorised person

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)

(In above heading words "/the Bio-Incubator" has been inserted vide NTF. NO. 12/2016-ST, DT. 01/03/2016 wef 01.04.2016)

1. Name of the Incubatee ________

2. Address ________

3. Details of the project _________

4. Date of signing agreement with the TBI / STEP (incubator) /the bio-incubator _______

(In above Sl. NO. 4 the words "/the bio-incubator" has been inserted vide NTF. NO. 12/2016-ST, DT. 01/03/2016 wef 01.04.2016)

5. Total business turnover during the previous financial year ________

6. Details of taxable services provided during the previous financial year ________
 

Place _____________
Date _____________
 

Signature of the authorized person

2. This notification shall come into force on the 1st day of July, 2012.
 

[F.No. 334 /1/ 2012-TRU]

(Rajkumar Digvijay)
Under Secretary to the Government of India