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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.25/2012- Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i)vide number G.S.R. 467 (E), dated the 20th June, 2012, namely:—
(i) after entry No. 47, the following shall be inserted, namely-
“(48) Service tax provided by Government or a local authority to a business entity with a turnover up to rupees ten lakh in the preceding financial year.”
Read the Official Gazette here.
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