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of <h1>Service Tax Exemption on 75% of Goods Transport Charges Introduced in 2005, Rescinded by 2006 Notification</h1> The Central Government, under the Finance Act, 1994, exempted goods transport agencies from paying service tax on 75% of the gross amount charged for road transport services, effective January 1, 2005. Service tax was thus payable only on 25% of the gross amount. This exemption did not apply if the agency took credit for duty on inputs or capital goods under the Cenvat Credit Rules, 2004, or if they benefited from the Government of India's Notification No. 12/2003-Service Tax. This notification was later rescinded by Notification No. 2/2006 on March 1, 2006.
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