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service tax rate for Goods Transport Agency

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(Querist)
13 July 2010 MR. x proprietor provides taxable service of goods transport.

currently he is collecting service tax @3.09%(30*10.3%, 70% exemption)

but i read one article where it was given that it should be 2.575%(25*10.3%,75%exmp)
w.e.f from 24/2/2009.

please clarify.

my id abhipcc@rediffmail.com
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
13 July 2010 Now service tax 10.3% it meens take after 75% rebate you should calculate service tax @ 2.575% of full amount of cartage.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 July 2010 Agreed. For details see Notification No. 1/2006 dated March 1, 2006.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
13 July 2010 AGREED WITH EXPERTS . ABATEMENT IS 75% , IE. RATE AFTER ABATMENT IS 2.575%
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