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of <h1>India Exempts Certain IT Software Services from Service Tax if Retail Sale Price and Excise Duty Conditions Met.</h1> The Government of India, through the Ministry of Finance, issued Notification No. 11/2016 on March 1, 2016, exempting certain Information Technology Software services from service tax. This exemption applies when the software is recorded on media with a declared retail sale price, provided Central Excise Duty has been paid. The conditions include that the value for excise or customs duties has been determined, appropriate duties have been paid by the manufacturer or importer, and the service provider declares that no amount exceeding the retail price has been charged to the customer.
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