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 residen...
Goods and Services Tax : The aggregate turnover is a crucial parameter for deciding the eligibility of a supplier to avail the benefit of exemption thresho...
Service Tax : Prior to 01/07/2012, transportation of goods service was taxable under the categories of transportation of coastal goods, goods tr...
Service 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...
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 r...
Service Tax : In compliance of the provisions contained in Finance Bill 2010 and subsequent notifications issued by Ministry of Finance, the Ser...
Service Tax : The Ministry of Finance has issued Notification No. 43/2012-St, dated 2-7-2012 which states that the Central Government, on being...
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...
Service 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 J...
Service Tax : CESTAT Kolkata quashes the service tax demand on cargo handling service in the case of Usha Martin Limited vs. Commissioner of Cen...
Service Tax : Notification No.57/2010-Service Tax, Dated- 21st December, 2010 G.S.R. (E).- In exercise of the powers conferred by sub-section ...
Service Tax : In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred t...
Service Tax : 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 Tax : 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...
Service Tax : 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...
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 makes […]
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 notification of the Government of India in the Ministry of Finance (Department of Revenue) No.07/2010-Service Tax, dated the 27th February, 2010, published in the Gazette of India, Extraordinary Part II, Section 3, Sub-section(i), vide number G.S.R. 151 (E), dated the 27th February, 2010, namely.
In what is seen as a bid to prevent further inflation spiral in the economy, the Finance Ministry has once again deferred the implementation of service tax levy on transport of goods by rail. The levy will now come into effect from January 1 next year.
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
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 do, hereby makes the following further amendment in the notification of the Government of India
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 do, hereby makes the following further amendment in the notification of the Government of India
While the government stands to gain around Rs 1,000 crore from service tax on transportation of goods by railways, freight movement on the rail network may become unattractive in case of the tax being passed on to transporters. In the event of the tax being absorbed by the national transporter, allocations reserved for development purposes would decline by a third in the coming financial year.
NOTIFICATION No. 28/2009 – Service Tax Central Government hereby exempts the taxable service provided to any person in relation to transport of goods, the description of which is specified in column (2) of the Table, by rail as referred to in sub-clause (zzzp) of clause (105) of section 65 of the Finance Act, from the whole of the service tax leviable thereon under section 66 of the Finance Act.
