Service Tax on Goods Transportation by Rail & Road

Share
Share This Thread
  1. What is the change introduced by Budget 2015 regarding levy of Service Tax on Transport of Goods by Rail & Road?
     
    ramavtar likes this.
  2. Manoj Mehra

    Manoj Mehra Active Member

    Budget 2015 has introduced an amendment in the manner of levy of Service Tax on Transport of Goods by Rail/ Road/ Vessel.

    The manner of levy of Service Tax on Goods Transportation would now be as follows:-

    1. In case No Cenvat Credit of Capital Goods, Inputs & Input Services is being claimed - Service Tax to be levied on 30% of value of services.

    2. In case Cenvat Credit of Capital Goods, Inputs & Input Services is being claimed, Service Tax would be levied as follows:-
    • In case of Transport by Rail - On 30% of the Value of Services
    • In case of Transport by Road - On 25% of the Value of Services
    • In case of Transport by Vessel - On 40% of the Value of Services
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
What goods and services are exempt? GST Dec 18, 2017
Is GST charged on exported goods and services? GST Dec 18, 2017
Can I only deal in 5 Goods/Services as mentioned in GST Registration? GST Aug 31, 2017
Goods Transport Agency charging service Tax in bill GST Mar 9, 2017
SERVICE TAX ON TRASPORTATION OF GOODS BY ROAD GST Jan 24, 2017