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Abatement - Transport of goods by rail - Abatement, Composite Rate of Tax, and Valuation Scheme for specified services - Service Tax

Abatement - Transport of goods by rail
  • Contents

Sr. No.  2

Transport of goods by rail

w.e.f. – 1.7.2012

Scope of abated service - Notification no 26/2012-ST dated 20.6.2012

From 1.7.2012 to 31.3.2016

2. Services in relation to transport of goods by rail

Effective Rate of tax: 30% of Service Tax prescribed u/s 66B

Conditions: CENVAT credit on inputs,capital goods and input services used for providing the taxable services has not been taken under  the provisions of cenvat credit rules,2004

 

From 1.4.2016 - Not. 08/2016 - Dated 1.3.2016

2.  services in relation to transport of goods by rail (other than service specified at Sl. No. 2A)

Effective Rate of tax: 30% of Service Tax prescribed u/s 66B

Conditions: CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.

 

Definitions and meanings:

65B (25) "goods" means every kind of movable property other than actionable claim and money; and includes securities, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale;

 
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