transportation of goods by railway

[yateen vyas]

as per new notification issued on 27/08/2014 credit on freight paid on transportation of goods by railway is allowed. my question is that does it allow old credit or the bill after 27/08/2014

[Madhukar N Hiregange]

It would be available from October 2012 onwards.

[Rajagopalan Ranganathan]

Sir,

The Notification was issued on 27.8.2014. The Notification clearly states that it will come into effect from the date of its publication in the official gazette. Since restriction for taking credit within six month from the date of duty paying documents will come into effect on 1.9.2014, you can take the credit before 1.9.2014 provided STTG Certificate issued by the Indian Railways, along with the photocopies of the railway receipts mentioned in the STTG certificate is available with you.

AI Summary

Service tax credit on railway freight allowed; eligibility depends on notification effective date and STTG certificate documentation.
Service tax credit for railway freight is available from October 2012 as indicated by one reply; the notification becomes effective on publication and a six-month restriction on taking credit becomes operative thereafter. Taxpayers may claim credit before that restriction takes effect provided they hold the Indian Railways STTG Certificate along with photocopies of the railway receipts referenced in the certificate.