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August 2012

Mega Exemption Notification — Notification No. 25/2012-ST, dated 20-6-2012.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
Reading Time 1 mins
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This single consolidated Mega Exemption Notification has been issued in super session of Notification No. 12/2012-ST, dated 17-3-2012 which lists out 39 services which will be exempted from whole of service tax under the new service tax regime. The Notification has also defined the terms used therein at various places for the purpose of smooth interpretation. The Notification will be effective from 1st July 2012.

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