Transport of goods by rail service

Lease, Rent, Pagadi, etc. on Immovable Property and Issues in GST !

Goods and Services Tax - Arjuna, as you know, sale of immovable property like land and building is not chargeable to Tax under GST. Also renting of residential property is Exempt from the levy of tax. But renting of commercial properties like shops, offices, etc, are taxable. Taxpayers were in confusion that transfer of tenancy rights against premium should be li...

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Aggregate turnover in GST- All You want to Know

Goods and Services Tax - The aggregate turnover is a crucial parameter for deciding the eligibility of a supplier to avail the benefit of exemption threshold of Rs. 20 Lakhs [Rs.10 Lakhs in case of special category States except J & K] and for determining the threshold limit for composition levy. ...

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Transportation by Rail- No Cenvat Credit From 01.04.2015

Goods and Services Tax - Prior to 01/07/2012, transportation of goods service was taxable under the categories of transportation of coastal goods, goods transported through nation waterways and inland waterways, transportation of goods by air, transportation of goods by Rail and transportation of goods through pipelined or other conduit service....

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Service tax on Transport of Goods by Rail Service

Goods and Services Tax - Transport of Goods by Rail Service means any service provided or to be provided to any person, by any other person, in relation to transport of goods by rail, in any manner. Transport of goods in containers by rail- The levy is on transport of goods in containers by rail. Service provided by Indian Railways is excluded. Suitable abatement...

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CBEC releases updated compilation of 51 GST Flyers (Must Read)

Goods and Services Tax - These GST Flyers have now been updated as on 1st January, 2018, in view of the significant developments since the time they were released. NACIN is now coming out with this compilation containing all the 51 Flyers released till date for ease of reference. This compilation will continue to spread awareness of GST not only among the Tax off...

Read More

Levy of Service Tax on Transportation of Goods by Rail from 1st October 2012

Goods and Services Tax - In compliance of the provisions contained in Finance Bill 2010 and subsequent notifications issued by Ministry of Finance, the Service Tax in case of transportation of goods by rail, which was exempted upto 30th September 2012, would now be levied on total freight charges with effect from 1st October 2012....

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Rail Transportation of Passengers & Goods Exempt from Service Tax for 3 Months

Goods and Services Tax - The Ministry of Finance has issued Notification No. 43/2012-St, dated 2-7-2012 which states that the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the two kinds of services provided by Indian Railways namely Service of transportation of passengers (with or without accompanied ...

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AC, first class rail fares to rise from 1st July on a/c of Service Tax

Goods and Services Tax - Service tax on passenger travel and freight was introduced in the general budget for 2009-10, but was kept on hold due to the then Railway Minister Mamata Banerjee's opposition. The exemption has been extended since then on quarterly basis but this time the Finance Ministry has decided to exclude freight charges and AC rail travel from th...

Read More

Service tax on railway freight from July 1 2012

Goods and Services Tax - Close on the heels of railways increasing parcel rates by 25 per cent, the freight charges will go up by about 3.6 per cent from July 1 with imposition of service tax. The government had given service tax exemption on goods carried by railways till June 30, 2012. From July 1 using railways to transport goods will come under service tax ne...

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Transport of goods by rail – Amendment to notification no. 1/2006 deferred till March 31, 2011 vide Notification No. 57/2010-ST dated -21-12-2010

Notification No.57/2010-Service Tax - (21/12/2010) - Notification No.57/2010-Service Tax,  Dated- 21st December, 2010 G.S.R. (E).- 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), the Central Government, on being satisfied that it is necessary in t...

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Transport of goods by rail – exemption extended till March, 31 2011

Notification No. 55/2010-Service Tax - (21/12/2010) - 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), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notifi...

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Notification No. 35/2010-Service Tax, Dated: 22.06.2010

Notification No. 35/2010-Service Tax - (22/06/2010) - Notification No. 35/2010-Service Tax, dated 22-6-2010- Section 65(105)(zzzp) of the Finance Act, 1994 - Transport of goods by rail service - Exemption to specified services - Abatement for transport of goods by rail - Amendment in Notification No. 9/2010-ST, dated 27-2-2010...

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Notification No. 34/2010-Service Tax, Dated: 22.06.2010

Notification No. 34/2010-Service Tax - (22/06/2010) - Notification No. 34/2010-Service Tax, dated 22-6-2010- 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), the Central Government, on being satisfied that it is necessary in the public interest so to...

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Notification No. 33/2010-Service Tax, Dated: 22.06.2010

Notification No. 33/2010-Service Tax - (22/06/2010) - Notification No. 33/2010-Service Tax, dated 22-6-2010- 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), the Central Government, on being satisfied that it is necessary in the public interest so to...

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Recent Posts in "Transport of goods by rail service"

Lease, Rent, Pagadi, etc. on Immovable Property and Issues in GST !

Arjuna, as you know, sale of immovable property like land and building is not chargeable to Tax under GST. Also renting of residential property is Exempt from the levy of tax. But renting of commercial properties like shops, offices, etc, are taxable. Taxpayers were in confusion that transfer of tenancy rights against premium should be li...

Read More

Aggregate turnover in GST- All You want to Know

The aggregate turnover is a crucial parameter for deciding the eligibility of a supplier to avail the benefit of exemption threshold of Rs. 20 Lakhs [Rs.10 Lakhs in case of special category States except J & K] and for determining the threshold limit for composition levy. ...

Read More

CBEC releases updated compilation of 51 GST Flyers (Must Read)

These GST Flyers have now been updated as on 1st January, 2018, in view of the significant developments since the time they were released. NACIN is now coming out with this compilation containing all the 51 Flyers released till date for ease of reference. This compilation will continue to spread awareness of GST not only among the Tax off...

Read More

Transportation by Rail- No Cenvat Credit From 01.04.2015

Prior to 01/07/2012, transportation of goods service was taxable under the categories of transportation of coastal goods, goods transported through nation waterways and inland waterways, transportation of goods by air, transportation of goods by Rail and transportation of goods through pipelined or other conduit service....

Read More

Levy of Service Tax on Transportation of Goods by Rail from 1st October 2012

In compliance of the provisions contained in Finance Bill 2010 and subsequent notifications issued by Ministry of Finance, the Service Tax in case of transportation of goods by rail, which was exempted upto 30th September 2012, would now be levied on total freight charges with effect from 1st October 2012....

Read More

Rail Transportation of Passengers & Goods Exempt from Service Tax for 3 Months

The Ministry of Finance has issued Notification No. 43/2012-St, dated 2-7-2012 which states that the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the two kinds of services provided by Indian Railways namely Service of transportation of passengers (with or without accompanied ...

Read More

AC, first class rail fares to rise from 1st July on a/c of Service Tax

Service tax on passenger travel and freight was introduced in the general budget for 2009-10, but was kept on hold due to the then Railway Minister Mamata Banerjee's opposition. The exemption has been extended since then on quarterly basis but this time the Finance Ministry has decided to exclude freight charges and AC rail travel from th...

Read More

Service tax on railway freight from July 1 2012

Close on the heels of railways increasing parcel rates by 25 per cent, the freight charges will go up by about 3.6 per cent from July 1 with imposition of service tax. The government had given service tax exemption on goods carried by railways till June 30, 2012. From July 1 using railways to transport goods will come under service tax ne...

Read More

Service tax on Transport of Goods by Rail Service

Transport of Goods by Rail Service means any service provided or to be provided to any person, by any other person, in relation to transport of goods by rail, in any manner. Transport of goods in containers by rail- The levy is on transport of goods in containers by rail. Service provided by Indian Railways is excluded. Suitable abatement...

Read More

Transport of goods by rail – Amendment to notification no. 1/2006 deferred till March 31, 2011 vide Notification No. 57/2010-ST dated -21-12-2010

Notification No.57/2010-Service Tax (21/12/2010)

Notification No.57/2010-Service Tax,  Dated- 21st December, 2010 G.S.R. (E).- 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), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby make...

Read More
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