what is the new abatement of service tax on "Transportation of goods by road"?
earlier before the notifiaction no.30/2012 and notification 36/2012 it was 75%,
whether the same is changed to 25%?
means 75% of the value is liable for the service tax?
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Abatement of service tax on transportation of goods by road?
Replies (1)
All abatements available to services of specified categories have now been merged in one exemption notification no 26/2012-ST dated 20/6/12. In terms of the said notification,
In Services of goods transport agency 75 % abatement is allowed and only 25 % services of gross amount is chargeable to service tax .
However with a condition that CENVAT credit on inputs, capital goods and in relation to transportation of goods. input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
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