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of <h1>India Amends Service Tax Rules: New Tax Rate for Vessel Transport Services from Abroad u/r 6(7CA.</h1> The Government of India issued Notification No. 16/2017-Service Tax on April 13, 2017, amending the Service Tax Rules, 1994. The amendments, effective from April 23, 2017, include changes to rule 2, sub-rule (1), clause (d), sub-clause (i), concerning services related to the transportation of goods by a vessel from outside India to a customs station in India. Additionally, a new sub-rule (7CA) under rule 6 allows the person liable for service tax on such transportation services to opt for a tax rate of 1.4% of the cost, insurance, and freight value of the imported goods, effective from January 22, 2017.
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