Section 66b of the finance act, 1994 – Charge of service tax on and after finance act, 2012 – exemption to railways
Notification No. 43/2012-St,
dated 2-7-2012
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 said Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services of the description mentioned in the Table below, provided by the Indian Railways from the whole of service tax leviable thereon under section 66B of the said Act, with effect from the date of publication of this notification in the Official Gazette, upto and including the 30th day of September, 2012.
TABLE
|
Sl. No. |
Description of taxable services |
|
1. |
Service of transportation of passengers, with or without accompanied belongings, by railways in –(A) first class; or
(B) an air conditioned coach |
|
2. |
Services by way of transportation of goods by railway |
With effect from 01/07/2012, whether the exemption of small consignments under GTA valuing upto Rs.750/- or 1500/- is continues or not?