-
At present, service tax is payable on 30% of the value of rail transport for
goods and passengers, 25% of the value of goods transport by road by a
goods transport agency and 40% for goods transport by vessels. The
conditions prescribed also vary. A uniform abatement is now being
prescribed for transport by rail, road and vessel and Service Tax shall be
payable on 30% of the value of such service subject to a uniform condition
of non-availment of Cenvat Credit on inputs, capital goods and input
services.
About Me
- ravindra kumar
- I did my graduation from IIT Delhi and Post Graduate Diploma in Supply Chain and Logistics from LIBA Chennai.Worked five years in the BHEL then fifteen years in Revenue Department .Currently practicing as Indirect Tax Consultant in Service Tax, Excise and Customs.
Monday, March 9, 2015
Abatement is increased for paying service tax on Tranort by road
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment