What will be the taxability of trasportation of goods by Rail?
Transfer of Goods by Rail
Harsh Jindal
Service tax exemption for rail goods transportation provided by a notification, relieving the service from taxation until its expiry. Pursuant to a specific notification, the service of transporting goods by rail is granted an explicit exemption from the levy of service tax, with the exemption remaining effective until the notification expires and thereby suspending service tax liability on rail freight services during that period. (AI Summary)
TaxTMI
TaxTMI