Prescribes effective rate of service tax on Services provided or to be provided, to any person, by any other person, in relation to transport of- Coastal goods; ii) Goods through national waterway; or iii) Goods through inland water - Amends notification no. 1/2006 - 16/2011 – Service Tax - Service Tax

Amendment to Service Tax Notification: New Effective Rate for Coastal and Inland Waterway Goods Transport Services

The Central Government amended Notification No. 1/2006-Service Tax to prescribe the effective service tax rate on services related to the transport of coastal goods, goods through national waterways, or goods through inland water. This amendment, detailed in Notification No. 16/2011-Service Tax dated March 1, 2011, introduces a new entry in the notification's table, specifically addressing these transport services. The amendment is made under the authority of the Finance Act, 1994, and is deemed necessary in the public interest.