All taxable services provided or to be provided by folllwoing are exempt from whole of service tax
- Technology Business Incubators (TBI)/
- Science and Technology Entrepreneurship Parks (STEP)
These must be recognized by National Science and Technology Entrepreneurship Board (NSTEBD) of the Department of Science & Technology
Before availing exemption, certain details to be furnished to AC/DC like
- details of the incubator a
-
information received from each incubatee
Similar details to be furnished by 30 June of each financial year