X

Notification No. 6/2012-Service Tax, Dated: 17.03.2012

Notification No.6/2012 - ST, dated 17-3-2012 Central Government hereby exempts the taxable service specified in clause (zzzo) of sub-section (105) of section 65 of the Finance Act, from so much of the service tax leviable thereon under section 66 of the Finance Act, as is in excess of the service tax calculated on a value which is equivalent to forty per cent of the value of the taxable service by such service provider for providing the said taxable service

60% Abatement to Services provided by Air Craft operators for domestic or International Journey. (Taxable service under category zzzo)

Section 65(105)(zzzo) of the Finance Act, 1994 – Transport of passengers by air service – Abatement provision supersession of notification no. 26/2010-st, dated 22-6-2010

Service tax on services to any passenger in relation to air transport of such passenger embarking in India for domestic journey or international journey has been exempted from so much of service tax leviable thereon, under section 66 of the Finance Act, as is in excess of the service tax calculated on a value which is equivalent to 40 percent of the value of taxable services provided that CENVAT credit of duty on inputs or capital goods, used for providing such taxable services has not been taken. Earlier notification in this regard for charging dual rate of service tax from passenger of economy class has been rescinded.

Notification No.6/2012 – ST,

dated 17-3-2012

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act) and in supersession of the Government of India in the Ministry of Finance (Department of Revenue) notification number 26/2010-Service Tax, dated the 22nd June, 2010, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 532(E), dated the 22nd June, 2010, except as respects things done or omitted to be done before such supersession, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service specified in clause (zzzo) of sub-section (105) of section 65 of the Finance Act, from so much of the service tax leviable thereon under section 66 of the Finance Act, as is in excess of the service tax calculated on a value which is equivalent to forty per cent of the value of the taxable service by such service provider for providing the said taxable service:

Provided that this notification shall not apply in cases where the CENVAT credit of duty on inputs or capital goods, used for providing such taxable service, has been taken under the provisions of the CENVAT Credit Rules, 2004.

2. This notification shall come into force on the 1st day of April, 2012.

Categories: Service Tax
X

Headline

Privacy Settings