At present there are 17 items in the
negative list (Section 66 D of the Finance Act, 1994) and 39 items in
the mega exemption notification 25/2012-ST dated 20.6.2012. Government
has recently exempted more services from the purview of service tax.
Transport of goods by inland waterways, copyrights for cinematography,
vocational education courses by institutes affiliated to the National
Skill Development Corporation, hiring of buses to state transport
authority, erection and commissioning of water supply, sale of space for
advertisement on internet, hoardings, services by specified
intermediaries, transportation of import cargo and specified schemes of
insurance (all services exempted vide exercise of powers under Section
93 (1) of Finance Act, 1994, are now consolidated in Notification
25/2012-ST dated 20 June, 2012).