February, 2016 CBEC vide Notification No. 07/2016-Service Tax dated February 18, 2016 provided Service Tax exemption (w.e.f. 01-04-2016) on Services by Government or local authority to a small business entity (business entity with a turnover up to rupees ten lakh in the preceding financial year). GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NEW DELHI New Delhi, the 18th February, 2016 NOTIFICATION NO. 07/2016-Service Tax GSR
.(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further
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