Notification No.28/2012-Central Excise (N.T), New Delhi, the 20th June, 2012
The definition of the Exempted Service has been substitued which is as follows
"(1) taxable service which is exempt from the whole of the service tax leviable thereon; or
(2) service, on which no service tax is leviable under section 66B of the Finance Act; or
(3) taxable service whose part of value is exempted on the condition that no credit of inputs and input services, used for providing such taxable service, shall be taken; but shall not include a service which is exported in terms of rule 6A of the Service Tax Rules, 1994.’"
Has the Explanation which says “exempted services” includes trading.has been also substitued and removed ?
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