27 June 2008
Is it now no need to deposit service tax on transportion(Purchase of Raw & Packing material ,Trading Purchase,Sale of Finish Goods) 25% of taxable amount ?
You are still required to pay service tax received by you on account of carriage of goods by a goods transport agency at the an effective rate of 25% of the taxable amount.
27 June 2008
It is the person who supplies tangible goods i.e., trucks, lorries etc., to transport agencies (GTAs)to whom this exemption is applicable.
Aggreed with Suryam, the recent notification 29/2008 applies to person who supplies goods carriage (like truck, lorries etc) to a GTA.
Also, this exemption is for clause zzzzj (which relates to service of supplying tangible assets without transfering possession or effective control) and not zzp (which relates to GTA service).
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