Transcription of Updated List of Exempt Services under Service Tax
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Udyog Software (India) Ltd. Monday, 18 April 2016 Updated List of Exempt Services under Service Tax Vide Finance Act, 2012, the concept of Negative list of Services been introduced; according to which all Services except the those specified in Negative list, or been exempted specifically from Service Tax, are liable for Service Tax. The first notification was issued notifying Exempt Services was Principal Notification No. 25/2012 Service Tax, dated 20th June, 2012; Negative list of Services was specified in section 66D of Finance Act, 1994; The following table contains Notifications issued by CBEC from time to time: Sl.
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