Home India Ministry of Finance In exercise of the powers conferred by subsection 1 of secti...
Date: 2016-05-20 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection 1 of section 93 of the Finance Act, 1994

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, No. 26/2016-Service Tax, issued by the Department of Revenue, Ministry of Finance, Government of India, and published in the Gazette of India as G.S.R. 538(E) on May 20, 2016, introduces an amendment to Notification No. 25/2012-Service Tax, dated June 20, 2012 (G.S.R. 467(E)). The amendment pertains to Entry 48 of the principal notification, which concerns service tax exemptions. An explanation is inserted to clarify that the exemption provided in Entry 48 will not apply to: (a) services specified in sub-clauses (i), (ii), and (iii) of clause (a) of section 66D of the Finance Act, 1994; and (b) services by way of renting of immovable property. This notification is issued under the authority granted by subsection (1) of section 93 of the Finance Act, 1994 (32 of 1994) and subsection (2A) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with section 83 of the Finance Act, 1994 (32 of 1994). The amendment is deemed necessary in the public interest by the Central Government. The responsible officer for this notification is Mohit Tiwari, Under Secretary, TRU, F. No. 334/8/2016 - TRU.

Key Entities Referenced

Ministry of Finance: The ministry responsible for financial matters in the Government of India. Department of Revenue: A department under the Ministry of Finance responsible for revenue collection. Finance Act, 1994: An act of the Indian Parliament related to finance and taxation. Central Excise Act, 1944: An act of the Indian Parliament related to central excise duties. New Delhi: The capital city of India, where the notification was issued. Service Tax: A tax levied by the Indian government on services provided. Mohit Tiwari: Under Secretary in the Ministry of Finance. G.S.R. 538E: A government notification number related to service tax.
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