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of <h1>GST Exemption for Incubatees: No Tax on Services Up to 50 Lakh Turnover Under Entry 44 Mega Exemption Notification</h1> Services provided by an incubatee are exempt from GST up to a turnover of fifty lakh rupees in a financial year, provided the turnover did not exceed this amount in the previous year and the agreement as an incubatee is within three years. An incubatee is defined as an entrepreneur within a Technology Business Incubator or Science and Technology Entrepreneurship Park recognized by the National Science and Technology Entrepreneurship Development Board. This exemption is outlined in Entry 44 of the Mega Exemption Notification of Service Tax.
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