TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Railways to Implement 12% Service Tax on Goods Transport Starting July 1, 2012; Some Commodities Exempt.</h1> The Ministry of Railways has issued instructions regarding the levy of service tax on the transportation of goods by rail, effective from July 1, 2012, as per the Finance Bill 2010 and subsequent notifications. Certain commodities are exempt from this tax, with a detailed list provided. The service tax rate is 12%, with an education cess of 2% and a higher education cess of 1%, applied to 30% of the total freight after a 70% abatement. Railways must register for service tax collection and ensure compliance with accounting and auditing requirements. Detailed procedures for calculation and collection are outlined, with specific instructions for manual and computerized systems.
TaxTMI 
TaxTMI 
