What is The Negative List of Service Tax as per the New Budget 2012-13?

After 14 years of introducing service tax in India, for every financial budget new services are brought under service tax nest .in India major contribution for GDP is coming from service sector .service contribute 60% of GDP. But a few services are exempted from levying of this services tax. This list of services is called as negative list of services. the Central Board of Excise and Customs released a revised negative list concept paper in November last year.

In the union budget 2012-13 the rate of service tax is increase from 10%  to 12% and the government if expected to rise Rs.95,000 cores from the service sector in the form of service .Please check the following circular for more details

Government of India 
Ministry of Finance 
Department of Revenue

Notification No.12/2012-Service Tax

New Delhi, the 17^th March 2012

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Finance Act), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the following taxable services from the whole of the service tax leviable thereon under section 66 B of the said Finance Act, namely:-

1. Services provided to the United Nations or a specified international organization;
2. Health care services by a clinical establishment, an authorized medical practitioner or para-medics;
3. Services by a veterinary clinic in relation to health care of animals or birds;
4. Services by an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) by way of charitable activities;
5. Services by a person by way of-

1. renting of precincts of a religious place meant for general public; or
2. conduct of any religious ceremony;

6. Services provided to any person other than a business entity by -

1. an individual as an advocate; or
2. a person represented on and as arbitral tribunals;

7. Services by way of technical testing or analysis of newly developed drugs, including vaccines and herbal remedies, on human participants by a clinical research organisation approved to conduct clinical trials by the Drug Controller General of India;
8. Services by way of training or coaching in recreational activities relating to arts, culture or sports;
9. Services provided-

1. to an educational institution by way of catering under any centrally assisted mid – day meals scheme sponsored by Government;
2. to or by an institution in relation to educational services, where the educational services are exempt from the levy of service tax, by way of transportation of students or staff;
3. to or by an institution in relation to educational services, where the educational services are exempt from the levy of service tax, by way of services in relation to admission to such education;