Service tax exemption for services by recognized incubators and parks granted, subject to annual reporting requirements. Exempts all taxable services provided by a Technology Business Incubator or a Science and Technology Entrepreneurship Park recognized by the National Science and Technology Entrepreneurship Development Board from service tax, subject to submission of prescribed information in two formats - one for the incubator's details and service summaries and one with per incubatee project and taxable service details - to the concerned Commissionerate before availing the exemption and annually by the 30th of June each year.