Budget 2007 - Service Tax – New Exemptions

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....udget 2007 - Service Tax – New Exemptions <br>News and Press Release<br>Dated:- 28-2-2007<br><BR>Budget 2007 - Service Tax - New Exemptions " Changed Effective from 1-3-2007 (Immediately) · Resident Welfare Associations (RWA) are exempt from service tax where the monthly contribution of a member does not exceed Rs. 3000/- per month [notification No. 8/2007-Service Tax dated 01.03.2007]. ·....

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.... technical testing and analysis service provided in relation to testing and analysis of newly developed drugs on human participants by a CRO. New drugs include vaccines and herbal remedies. [Notification No. 11/2007-Service Tax dated 01.03.2007]. · Exemption from service tax is being provided to services provided by the digital cinema service provider to the producer or distributor in relation ....

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....to the delivery of content of cinema in digital form after encryption electronically. Exemption is not available if the content is delivered to the theatre for exhibition by any physical means. Transmission will be electronic either by wire or wireless means. Scope of the terms "cinematograph film" and "cinema theatre" are explained in the notification. [notification No. 12/2007-Service Tax dated ....

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....01.03.2007]. Changed Effective from 1-4-2007 (Financial Year 2007-08) · Any service provided by "Technology Business Incubators (TBI) and Science and Technology Entrepreneurship Parks (STEP)" from levy of service tax, subject to furnishing of information in the required format. [notification No. 9/2007-Service Tax dated 01.03.2007]. · Service tax exemption is also provided within the premi....

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....ses of incubates shall also be exempt from service tax subject to certain conditions. [Notification No. 10/2007-Service Tax dated 01.03.2007].<BR> News - Press release - PIB....