TaxTMI 
TaxTMI 
transportation of goods by railway
30 Aug 2014 
2 Replies 
5022 Views Asked by
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. (AI Summary)
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. (AI Summary)
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