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of <h1>India Amends Service Tax Notification to Exempt Bio-Incubators Recognized by Biotechnology Council Effective April 2016.</h1> The Government of India, through the Ministry of Finance, has amended Notification No. 32/2012-Service Tax to exempt services provided by bio-incubators recognized by the Biotechnology Industry Research Assistance Council, under the Department of Biotechnology. This amendment, effective from April 1, 2016, modifies the original notification by including bio-incubators alongside entities recognized by the Department of Science and Technology. Specific changes include the addition of 'bio-incubator' in relevant sections and formats of the notification, ensuring these entities are covered under the service tax exemption.
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